Don’t get me wrong, I am positive on aru. But regarding the EV discussion in the last postings: it is clearly transparent that EV sales are going down - at least in US and Europe. The big car companies in Europe are all turning away from their target to stop combustion engine until 2030.
BYD is building a plant in Mexico and will put a lot of pressure on US carmakers avoiding the tax on Chinese imports since they deliver from trade free zone.
so it is not the end of EV, but a big shakeup is happening and the landscape will change. Especially the mature and saturated European and US car manufacturers will see hard times in the EV segment.
the EV train itself is running. A bit slower maybe than originally thought, but it won’t stop.
Don’t get me wrong, I am positive on aru. But regarding the EV...
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Mkt cap ! $462.0M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| Price($) | Vol. | No. |
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| Last trade - 16.10pm 22/05/2024 (20 minute delay) ? |
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Change
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| Last updated 15.59pm 22/05/2024 ? | |||||
| ARU (ASX) Chart |