I've held this dog for a few years and have seen everything to do with it, and then the whole market drops out.
For a start it's ridiculous to be paying Aleees huge dollars for their IP and nothing material has got off of the ground. The IP deal should have subject to solid progression to see a tangible result with a plant in Darwin. What has AEV got? A bank account being drained in early 2025 at SH expense. Do you think Hebang gives a shit about previous AEV battery chemical plans?
This so called deal might be a bit of fresh air but it won't be what many seem to think.
Ann: Strategic Investment from Sichuan Hebang Biotechnology, page-133
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