You can also include Tesla, which has chosen to concentrate on advancing its lithium-ion technology rather than pursue the solid-state battery path. It revealed overnight its cheapest automobile ever at US$29,490. So, with every $1,000 or $2,000 you move down the price curve from mid-tier pricing, you open up the market to considerably more buyers.
Tesla Model Y Cheaper Than Ever in USA
Going forward, more buyers will require more material. And to stay eligible for the tax credits it will need to secure raw material supply from a stable trade-partner country like Australia. Something that CATL will find harder and harder to do year by year as the IRA tax incentives get tighter and tighter.
I wonder what news will come out of DC's presentations and meetings in Seoul this week.
AIMO, DYOR GLTA(patient)H
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