I find it amazing that analysts are soooo slow in their understanding re ‘EV revolution’.. I continuously see ridiculously slow uptake forecasts, despite having the benefit of hindsight (2020 was a breakout year in Europe).
Just saw a recent UBS analysis (from COB q report):
To me the analysis is so pessimistic it reminds me of all (or most) analysts completely missing TSLA, until realising they were missing the train resulting in a mad scramble.
IMO, rapid demand increase for LYC products is intricately tied up with the EV revolution, and it’s happening much faster than these analysts predict. Shortages in supply chains will start happening this year, and for LYC this means 100% capacity production (finally!) with higher prices (and lower COP).
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