SYR Charts, page-2621

Absolutely CATL has embarked on a program aimed at its core customers and it offers them substantial cost reduction for purchasing battery packs. The program is apparently only available to Nio, Li Auto, Huawei and Zeekr. It seems that for whatever reason Tesla is missing out on this promotion together with many other CATL customers. This is creating a lithium price war and in my opinion this is going to throw a spanner in the work only for a short period of time.
As it may seems that Syrah is feeling the brunt of it, soon enough Balama will benefit from this hard competition predominately generated by CATL with the blessing of China’s authority. How is Syrah going to benefit from this? By supplying China with more graphite from Balama as more cheaper batteries will be produced and at the same time from Vidalia to partner with American and Korean auto and battery manufacturing companies.
From a technical standpoint Syrah has been oversold so if we manage to smoothly navigate this little storm and get the outstanding binding agreements over the line and this quarterly right, the sp will propel to new high.
I think there are too many stakeholders that need Syrah to be successful especially the battery manufacturing companies. All in my opinion.