APAC / Issue 2 2018 31 Electric Vehicles and Energy Storage to Power the LithiumMarket g also will expand its electrified vehicle line up with a total of 40 vehicles globally, which will include 16 full battery electric vehicles by 2022. To support this, the company announced that it now plans to invest more than $11 billion in electrification from 2015 to 2022. The company also reiterated that it is on track to deliver a full battery electric performance SUV that offers at least a 300-mile range, for launch in 2020. Sociedad Química y Minera de Chile S.A. is an integrated producer and distributor of lithium, iodine, specialty plant nutrients, potassium-related fertilizers and industrial chemicals. On December 20, 2017, the company informs that the Company and its subsidiary SQM Australia Pty have finalized the purchase of 50% of the assets of the Mount Holland Lithium Project in Australia. This purchase is from MH Gold Pty Ltd, Montague Resources Australia Pty Ltd y Kidman Resources Limited as the result of compliance of the conditions established in the purchase agreement agreed by the Sellers and informed to the Superintendencia de Valores y Seguros on September 11, 2017. SQM Australia and the Sellers have also signed a joint venture agreement describing the development, construction and mining operations, concentration and refining plants for the production of lithium carbonate and lithium hydroxide. This joint venture agreement will also allow for the exploration and exploitation of Sellers’s lithium rights which are not included in the Agreement. Orocobre Ltd. is building a substantial Argentine based industrial chemicals company through its portfolio of lithium, potash and boron assets. In partnership with Toyota Tsusho Corporation (TTC) and JEMSE, Orocobre has built and is now operating the world’s first commercial, brine-based lithium operation constructed in approximately 20 years, with a Stage One design production rate of 17,500tpa lithium carbonate for sale to industrial, technical and battery markets. Orocobre and has defined a growth strategy to double current lithium carbonate production capacity at Olaroz to 35ktpa and to construct a 10ktpa lithium hydroxide plant in Japan. The Company also owns Borax Argentina S.A, a well- established boron chemical and mineral producer with extensive operations and a 50-year production history. Lithium Americas Corp. , through a Joint Venture with Sociedad Química y Minera de Chile (SQM), is developing the Cauchari-Olaroz brine deposit in Jujuy, Argentina. Through its wholly-owned subsidiary, Lithium Nevada Corp., the company is developing one of North Americas’ largest lithium deposits in northern Nevada. The company intends to become a major supplier of lithium products to the energy storage and electrified vehicle markets. Lithium Americas envisions a world evolving with advances in clean energy. Lithium-ion technology is at the forefront of an environmental shift and the company intends, through its Cauchari-Olaroz and Lithium Nevada projects, to supply the critical element for the energy revolution.