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European Metals Holdings Ltd

Battery boom: The future of cars rests with firms that predate the Model T

It took more than 7 years for automakers to sell 4 million passenger electric vehicles. It will take about six months to sell the next million.

That surging demand is transforming the lithium-ion battery business, with more power packs expected to be installed in EVs this year than in consumer electronics, according to Bloomberg NEF. China, where subsidy-toting drivers own a third of the world’s passenger EVs, is doing the most to fuel the boom.

 

European Metals Holdings Limited (LON:EMH) are an Australian and UK listed mineral exploration and development companyadvancing the Cinovec Lithium / Tin Project in Czech Republic.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.