New Automakers Emerge as Electric Vehicle Revolution Rages On

NetworkNewsWire Editorial Coverage: New manufacturers are joining the race to design electric vehicles, accelerating a revolution in the car market that could result in strong lithium demand as a battery ingredient. Standard Lithium (TSX.V: SLL) (OTC: STLHF) (STLHF Profile) is one of several companies that are innovating to meet this demand scenario by developing new technology that could unlock a major supply source untapped in Arkansas. Major producers Sociedad Química y Minera de Chile (NYSE: SQM) and Albemarle Corp. (NYSE: ALB) have already got permission by the Chilean government to carry out major expansions in the Atacama Desert to expand supply for the EV market. MGX Minerals, Inc. (CSE: XMG)(OTC: MGXMF) is working to develop a means to separate minerals from oilfield waste in order to meet surging demand from EV manufacturers such as Tesla, Inc (NASDAQ: TSLA).

The EV revolution has enticed many new entrants into the market, including Dyson, a UK maker of vacuum cleaners and hair dryers. The company recently announced it is planning to launch an EV in 2020 to compete with Tesla. Dyson’s £2.6 billion investment involves the construction of a UK plant that will be used to develop solid-state…

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