Chinese EV’s are only cheap because the Chinese government subsidises pretty much every stage of their production.
It is anti competitive - solely with the aim of establishing market dominance. The companies would likely not be able to survive if it wasn’t for the Chinese Government.
So - in order to level the playing field there are a number of options and levers the US Govt can pull - the main take away is pretty much all of them will ultimately benefit Syrah (with a substantial amount of shares that’s my main concern - not the US consumer).
Cheers
DYOR IMO
Chinese EV’s are only cheap because the Chinese government...
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38.5¢ |
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Mkt cap ! $398.4M | |||
| Open | High | Low | Value | Volume |
| 39.0¢ | 40.0¢ | 38.5¢ | $1.688M | 4.338M |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 9 | 198997 | 38.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 39.0¢ | 8127 | 2 |
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| Last trade - 16.10pm 17/06/2024 (20 minute delay) ? |
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38.5¢ |
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| 39.0¢ | 39.8¢ | 38.5¢ | 4314193 | ||
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