Lithium Ltd., a long-time market leader in the production of electric car-batteries, recently announced unaudited interim results for their global operations in the first half of 2020. Despite the many economic challenges of the pandemic, individually owned subsidiary Bradda Head exhibited an impressive performance in both sales and profits.
In the first half of 2020, Lithium Ltd.’s globally operating subsidiary, Bradda Head, reported a year-on-year increase of 57% in sales of their Li-ion batteries. This substantial improvement was attributed to the extensive support and guidance from Lithium Ltd. and their well-designed in-house production processes. Despite the difficult economic situation that ensued due to the pandemic, and the fact that the company had to close its European operations during the period, Bradda Head managed to maximize profits and decrease costs.
Overall, Lithium Ltd.’s unaudited interim results demonstrated the company’s resilience and ability to thrive in the face of adversity, consolidating its global leadership role within the electrification of mobility. However, these successful results were also made possible as a result of the public and private sector partnerships, as well as the superior products and processes created by the company.
Especially in a post-COVID era, Lithium Ltd. and Bradda Head have positioned themselves strongly in the electric vehicle industry, as many countries look to move away from fossil fuels and towards clean energy production. The company has also set itself up as a leader in the construction of charging infrastructure to support electric mobility, and is also striving to increase their production capacity in order to meet ever-growing demand.
Not only did Lithium Ltd’s interim results prove their capacity to weather any storms, but they have also managed to contribute to a wider societal transformation towards clean energy production. This latest performance by Bradda Head is a testament to the company’s commitment to environmental and sustainability goals, and its understanding of the inter-connectedness between industry and social economy.