Beside apparent acceleration in the European marked, I'm of course hoping (for the sake of scale and NdPr demand) that the Chinese marked will pick up again. September will be an important indicator - after bottoming out in July, overall car market turned during the month of Aug:
China car daily sales in 4th week of Aug rise 31% on year:
Sep 04, 2019 Source: SMM SHANGHAI, Sep 4 (SMM) –
Daily retail sales of passenger vehicles in China averaged 100,000 units in the fourth week of August (August 26-31), up 31% from the same period last year, the China Passenger Car Association (CPCA) said on September 4.This will narrow the year-over-year sales decline for the full month to 6%, after posting a drop of 21% in the first three weeks.PV retail sales averaged 27,000 units per day in the first week of August (August 1-11), and the figure rose to 38,000 units in the second week (August 12-18) and further climbed to 44,000 units in the third week (August 19-25).
Big picture: have we reached the infliction point?
'According to a recent article from The New York Times, undisclosed Volkswagen executives confirmed that the company is already paying less than $100 per kWh of battery capacity'
https://insideevs.com/news/369923/rumor-mill-vw-cheap-battery/
Beside apparent acceleration in the European marked, I'm of...
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