"UBS does not expect prices for battery commodities to improve soon; the bank expects global car sales to fall 4 per cent this year, and Chinese sales to fall 8 per cent." AFR
"Even with disruption hitting the Chinese automotive market (the mainstream market was down 18% last month), plug-in electric vehicle (PEV) sales were up an amazing175% year over year (YoY)...That pulled the PEV market share to 4.8%, already above the 2018 result (4.2%). All of the sudden, my previous forecast for the final 2019 share (8%) seems conservative. Will we see it go north of 10% by the end of December? (February 24th, 2019) https://cleantechnica.com/2019/02/24/china-electric-vehicle-sales-jump-175-up-to-4-8-of-auto-market-in-january/
Clean Technic says in January, the Chinese automotive market was not down 8% but 18%! Yet PEV sales soaring, up 175% YOY. That's disruption.
AFR and UBS seem confused. Please am I missing something? What's going on?
GXY Price at posting:
$1.23 Sentiment: Buy Disclosure: Held
