EV/Lithium, page-1084

...lithium hodlers waiting for Chinese EVs to go bankrupt are barking the wrong tree, they are on the same side as you
...but see what is making profits for them, PHEV (hybrids) not BEV (pure EVs).

Chinese Automaker Profits 1H 2024

BYD: $1.94B
Geely Group: $1.49B
Great Wall: $985M
SAIC: $929M
Changan: $398M

Li Auto: $238M

Xpeng: $ -376M

Companies producing a majority of non-pure EVs (PHEVs, EREVs or gasoline) are making profits in China.

>> Pure EVs account for 42% of BYD sales. >> Pure EVs account for 20% of Geely sales.

Xpeng, NIO, Leap etc. (pure EV makers) are losing hundreds of millions of dollars.

Tesla remains the only profitable pure EV company.

https://x.com/dunne_insights/status/1830748001939399110