i just snapped a few shares below the Australian closing price (If it goes down in Australia it often goes down a bit more here, lol). If China has 9 - 10 million EV sales next year (BYD CEO's forecast) after up to 6 million or so this year, then there is no way that price are going down by any significant amount from current levels. It would mean 50 66 % growth YoY. It is also noteworthy that after a few years of stangnation EV sales in the United States are growing much faster, surpassing the YoY growth rates in Europe, only behind China, where sales are currently growing over 100 % Y0Y.
AKE Price at posting:
$13.20 Sentiment: Buy Disclosure: Held