Sale of electric cars has tripled in the last 3 years
there were zero teslas sold prior to 2008 and now there are 1.3 million of them.
reality is that countries all around the world have pledged to ban fossil fuel cars betweem 2030-2040 so in BL words “we haven’t seen anything yet “
the demand will soar in the next 3-5 years. Current lithium price is heavily manipulated by China but it can sustain over long period even for Chinese companies so this is all temporary . Few mins will shut down but we are in a good positions with NAL already producing and money in the bank .
this is a long term play (2-3 years )
another good example is KIA EV9 . It hasn’t even arrived yet and there are thousands of registration already .
mee are in a good spot imo. There is tremendous growth potential in mid to long term
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