Interesting articles below showing that European EV manufacturers want and need to bring down the costs of producing EVs due to the threat of cheaper Chinese made cars.
At present the average retail price of an EV made in Europe is approx 65,000 euros. This price would be beyond the majority of the population.
Renault and Volkswagon are in talks to produce vehicles under 20,000 euros and I'm sure the other manufacturers are working on reducing costs. In my opinion once these cost reductions come into play, the uptake on purchasing EVs will be exponential and with that sort of increase occurring, all battery makers and EV manufacturers will be looking to secure reliable long term supplies of raw materials. Most probably they are looking at investments into these critical minerals at this moment. The same could be said for the players in the USA , Japan, South Korea and elsewhere. The pressure to sign of on a BOA most be growing daily for all these companies and this can only bode well for RNU. It would not surprise me for RNU to enter an agreement with a major player/players that would ensure the financials for the downstream processing of PSG. Surely there are conversations taking place as we post. RNU will have a full dance card as it looks like the prettiest girl in the room at present, to me anyway.
It may be a little way of still but I'm sure an announcement is imminent.
Be patient and be rewarded.
https://www.reuters.com/business/au...00-euro-electric-car-handelsblatt-2023-12-08/
https://www.reuters.com/business/au...rs-automaker-dash-affordable-cars-2023-12-08/
