More general evidence here, yet more likely than not we're gonna get knocked down another 5% or so today based on US markets overnight. "Demand for these new products is very strong but BYD is hampered by lack of battery capacity.
The Chinese government has a target of 20% of vehicles to be electrified by 2025. Wang believes 100% of the nation's 300 million registered vehicles will be electrified by 2030. This may or may not be over-optimistic. BYD's home city of Shenzen, however, provides an illustration. All the city's 16,0000 buses are e-buses supplied by BYD. The same process of total electrification is being undertaken for the city's taxis and trucks. ". The long term picture is just so compelling, yet it is painful to see the current irrational price action.
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Open | High | Low | Value | Volume |
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33 | 38180880 | 0.008 |
18 | 32261551 | 0.007 |
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Price($) | Vol. | No. |
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0.011 | 6614173 | 20 |
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