I don't know if I read it correctly:
If BYD has actually bought the six mines, they get 25m tons of rocks out of them, equivalent to 1m tons of lithium carbonate. A normal electric car with 60kwh battery capacity needs about 36kg of lithium carbonate, so it can only be enough for 27.8m cars(1,000,000,000 / 36=27,777,778). BYD aims to sell 150m cars per annum, so these may last them for just over 18 years or longer if they fail to hit the target.
However, more lithium batteries will be needed in bigger vehicles(eg. SUV, trucks etc.) in the near future while less and less mines are available, I believe that Li shares will win in a long run.
I don't know if I read it correctly:If BYD has actually bought...
-
- There are more pages in this discussion • 36,397 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add PLS (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$2.89 |
Change
0.040(1.40%) |
Mkt cap ! $8.703B | |||
| Open | High | Low | Value | Volume |
| $2.78 | $2.89 | $2.78 | $29.90M | 10.51M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 39193 | $2.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.89 | 73947 | 7 |
View Market Depth
| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| PLS (ASX) Chart |