Amazing how many people on here now shouting out how dire it all is for shareholders of RNU and that the EV revolution is a hoax. Unfortunately for them they cant really back up what they are shouting about.
I prefer to make my investment decisions based on what I can read in reputable media and not some anonymous twits that always seem to come spruiking that they know it all especially when the share price isn't going so well.
As per the article posted by someone a few days back , in 2022 there were two EV battery producers in the USA . As from now there is or will be approx 30.
Where will they get the required graphite from is the big question. I would bet London to a brick that David has had contact with at least one of these companies.
I would say to all shareholders keep a hold of your shares . Perhaps things haven't moved as fast as first thought, however I think the tipping point is on the horizon.
Good luck to all.
Below is are three articles from Reuters today and yesterday that counter the argument that the EV revolution is not happening.
The U.S. Transportation Department said on Thursday it is awarding $148.8 million for projects in 20 states to repair or replace nearly 4,500 existing electric vehicle charging ports.
The announcement is the latest in a string of awards to boost EV charging, as President Joe Biden's administration looks to finalize new rules in coming months that could dramatically boost EV sales.
https://www.reuters.com/business/au...pair-replace-ev-charging-stations-2024-01-18/
Volvo Article
DAVOS, Switzerland, Jan 17 (Reuters) - Volvo Cars (VOLCARb.ST), remains confident of "tremendous growth" in the electric vehicles market, CEO Jim Rowan told the Reuters Global Markets Forum, opens new tab in Davos on Wednesday, countering gloomier projections from rivals.
https://www.reuters.com/business/au...mendous-growth-evs-ceo-says-davos-2024-01-17/
BMW Article
BMW (BMWG.DE), has passed the tipping point for combustion engine vehicle sales and now generates most sales growth from electric cars, its chief financial officer said in a media roundtable.
https://www.reuters.com/business/au...stion-engine-tipping-point-passes-2024-01-15/
Amazing how many people on here now shouting out how dire it all...
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