,,,BYD's EV sales has stalled, and that is bad news for EV/Lithium and well aligned with my earlier caution that in due time Chinese EV growth would also decelerate. This is the last bastion for EV/Lithium. It explained lower lithium demand but it is more notably a foreboding sign for what's to come for EV/Lithium ahead.
..if you are a lithium hodler, why would you just cheer for Tesla, you should cheer for all EV producers; BYD's decline will be a worse outcome for lithium demand.
"BYD's all-electric car sales decreased by 3.5% last month to 130k and the lowest overall share in over 3 years. #BYD may not be able to catch #Tesla as the world's best-selling EV brand if this trends continues." It also explains a lower #lithium demand. https://x.com/jczuleta/status/1819846102029635633
