Good News & Bad News, page-22537

Just thinking out loud on the EVs industry. It's like a revolution in car manufacturing and market shaking that nobody wants to waste the chance. Car manufacturing has been historically dominated mainly by Japanese, European and USA companies. Any new players including old but "low rank" like Korean and Chinese manufactures find it hard to compete. Car is usually the second largest expense item (below home) a normal person does with his hard earn. It's required some thinking on quality and safety. The brand name does affect the decision. Then big brand can reduce their costs through economy of scale and the depreciation of expenses plants. However, EVs create the rare chance for new players to crack into this playing field. Who think the Chinese demand will back down is definitely wrong. Not only they don't, they would continue to dominate the battery material mining around the world. We will see this in 2023. In the mean time, the market and funds will be excited with the coming dividend that to be announced in a month. GLA.