...as I indicated, until Western auto makers get their act together on EVs, lithium prices will remain low and endure a winter hibernation. And it looks like this could take 18 months or longer, assuming we don't have a major recession before then.
...in the interim, BYD and Chinese EV makers are taking the world by storm with their cheap EV exports. Tariffs or not.
BYD momentum continues. "For vehicles priced under $21,000, BYD holds absolute pricing power because, aside from glass and tires, it manufactures almost everything in-house," said Rosalie Chen, analyst at Third Bridge." "More than half of the cars sold in China are priced under $21,000." More than half un under 21K is huge. Is this accurate
@Reuters? "Exports make up 12% of sales, double the 2023 level"
https://x.com/dunne_insights/status/1828851403479232751
