...EV battery makers doing well at the expense of lithium producers.
...lithium is a buyers market, they (buyer) have the upper hand now
...and in China, its all part of a symbiotic ecosystem
I looked at the financials of the rest of the non-CATL Chinese battery mfgs.
They represent ~2/3rds of global EV battery supply.
I was actually taken aback that ALL of them are profitable ... even the smaller ones.
