I read a report over the weekend that said 85% of the world's vehicles purchased this year have been from China! Meanwhile, Chinese government is going wild for EV's as they realise it will ease the pollution troubles in cities like Beijing, Shanghai etc. Hence a move towards EV's is a step in the right direction. For example, if you look at the number of charging stations that are being rolled out in Beijing at the moment you will be very surprised, the Chinese government is being extremely pro-active.
Whilst, it's disappointing to see that Australia is lagging behind in terms of EV's and renewable energy, our market is absolute peanuts compared to China!
One thing for sure, is that Galaxy has a promising future and the SP is finally starting to reflect this positive uptrend as the world moves towards EV's and renewable forms of energy!
GXY Price at posting:
41.8¢ Sentiment: Buy Disclosure: Held
