A German article about the expansion of EV capacities in China....

A German article about the expansion of EV capacities in China.

https://www.wiwo.de/technologie/wirtschaft-von-oben/wirtschaft-von-oben-240-neue-auto-supermacht-so-bereitet-china-den-auto-tsunami-vor/29535016.html

China has greatly expanded its EV production capacity and is probably only utilising 50% of its capacity at the moment. The current bottleneck is that there are not enough cargo ships and the capacities in the harbours are too small. This is now being massively increased.There are currently around 700 so-called "ro-ro ships", i.e. those that ship cars all over the world by roll-on roll-off, but Chinese companies probably only have around 100 of them. Chinese shipyards are expected to add another 200 ships by 2026. China is therefore preparing to supply the world with cheap EVs. Well, the fact that Germany is now cutting its subsidies is unfortunately a political problem with a budget.

Uncalled funds from Corona aid were simply reallocated to a climate fund, 60 billion euros. This has been overturned by a court and now savings have to be made. It's really crazy what's happening here. EV sales will slump drastically in Germany as a result, but this is not so noticeable in the masses worldwide.

It is more problematic for the manufacturers VW, Mercedes etc.

Unfortunately, I think 2024 will be another difficult year for PLS, I don't see higher prices here at the moment. Perhaps the higher production from 2025 will bring positive news again for a push northwards...