https://apnews.com/article/electric-vehicles-china-subsidies-euro...

https://apnews.com/article/electric-vehicles-china-subsidies-europe-investigation-4f00df1c7588ca375efebb89a2b83783

The race is well and truly on for European EV manufacturers to maintain a significant slice of their EV market. Chinese EVs are gaining market share for all sorts of reasons outlined in the link above. Regardless of the myriad reasons, ultimately it's the affordability and attractiveness of the package to the consumer that will determine market share. And at this stage it seems that European consumers are being seduced by the package presented by Chinese EVs.

From the Far East Capital article, "ADO uses low grade, metallurgical silicon costing about $8/ kg, from European suppliers." Given that batteries account for about 50% of the cost of an EV, this represents an area of significant potential savings for a marquee EV company producing in Europe. No wonder there are several companies looking into Anteotech's technologies. "By mid 2024, a potential large scale customer is targeting a design freeze for its next generation of batteries."

"How long will it take to secure a customer? Given how slowly new technologies are to be adopted, a short time fame of 1-2 years might be relevant. Much will depend upon discussion with the European companies over the next six months." Going to be an interesting 6 months for Anteo shareholders.

And finally, Far East commented, " AnteoTech (ADO), one of the leaders in this field, has been on a roadshow last week. We drilled deeper to try and see through the opaqueness for which these stocks are renowned." Couldn't help but smile and agree with their assessment of Anteo's historical transparency. Also glad to hear that Anteo's been on a recent roadshow. I wonder what the intent of this road trip was?