We will see more consolidation in the EV segment like Xpeng's deal with Didi.
https://gulfbusiness.com/chinas-xpeng-soars-after-buying-didi-unit/
XPeng sold some 41,000 EVs in the first half, accounting for nearly 2% of battery vehicle sales in China. By comparison, rivals BYD (002594.SZ) and Tesla sold 550,000 and 294,000 EVs respectively.
Additonal CXO resources
FY24 exploration & study expenditure ($35 – 40m)
• Exploration program expected to target life of mine extensions and expansion as well as resource
definition at Finniss, targeting up to 90,000m of drilling across both existing and greenfield targets
Going on CXO's historical numbers of 198 additional resource tonnes per meter drilled this equates to potential boost in resources of 17.8MT
We will see more consolidation in the EV segment like Xpeng's...
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