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European Metals Holdings Ltd

There’s a Whopping 487 Electric Vehicle Makers in China Now

Major automakers and startups are vying to launch electric vehicles in the U.S. in the coming years, competing for a small slice of the car buying public. But however crowded the field gets here, it’s nothing like what’s currently going on in China, which now has, no joke, 487 electric vehicle makers based in the country.

European Metals (LON:EMH) through its wholly owned subsidiary Geomet s.r.o controls the mineral exploration licences awarded by the Czech State over the Cinovec Lithium/Tin deposit in the Czech Republic. As one of the worlds largest lithium deposits, situated in the heart of Europe, the 2nd largest user of lithium in the world, the project is well positioned to supply the increasing energy storage and electric vehicle segments with its underlying building block.

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