DETROIT – The traditional Detroit automakers – General Motors, Ford Motor and Stellantis – should exit the Chinese market "as soon as they possibly can," Bank of America's top automotive analyst said Tuesday.The warning from BofA Securities research analyst John Murphy comes amid unprecedented competition in China – the world's largest auto market – and as the country significantly increases vehicle production for Chinese consumers as well as for global exportsDETROIT – The traditional Detroit automakers – General Motors, Ford Motor and Stellantis – should exit the Chinese market "as soon as they possibly can," Bank of America's top automotive analyst said Tuesday.The warning from BofA Securities research analyst John Murphy comes amid unprecedented competition in China – the world's largest auto market – and as the country significantly increases vehicle production for Chinese consumers as well as for global exportsDETROIT – The traditional Detroit automakers – General Motors, Ford Motor and Stellantis – should exit the Chinese market "as soon as they possibly can," Bank of America's top automotive analyst said Tuesday.The warning from BofA Securities research analyst John Murphy comes amid unprecedented competition in China – the world's largest auto market – and as the country significantly increases vehicle production for Chinese consumers as well as for global exportsWhen Bank of America talks, Wall st listens !
Ju dirtyst saying,
Could this be the push for National security with thousands of Jobs and lifes that could be reduce if China fulfilles their World dominate methods of flooded the market with cheap imported cars that the West can never compete with ( massive CCP pumping & Material manipulation with their dirty Lepidolite
Yichun aims to quadruple lithium output by 2025Lithium price slide clouds Yichun's lepidolite prospectsHigh extraction costs, mining waste pose challenges
At the same time, concern is growing about the environmental impact of extracting lithium ore from lepidolite, which has already led Yichun authorities to shut some plants, further challenging the country's drive for self-reliance
Are the stars starting to ine up?
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