Maybe not, this is me thinking and I am not an economist. China have been making shit load of ev at stupid low price, the US told them to f@$#ck off and did hit them with a heavy tax that resulted in the Chineese car to loose their discounted cost advantage/manipulation.
Now, Europe is looking into it and may follow the same example as the US.
If other do the same, China tactic to flood, and control the market may fail and we may see the lithium price make some come back. In mean time Chineese powerhouse at selling discounted ev car is squashing everything but the US....
All imo...
Ann: Investor Presentation, page-39
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