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Thanks Cosmoterios, that was fantastic.charch

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Charch

655 Posts.

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01/04/24

13:41

Post #: 73135019
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Originally posted by Cosmoterios: ↑

Firstly: GM, Ford and Tesla make most of their Money from the Chinese market. Ford and GM with ICE cars and Tesla with EV. For EU, its Mercedes, BMW, Volvo, Audi - they make most of their money from China.

Secondly, as EV cars are now much cheaper - in some cases, cheaper than ICE cars, it make them affordable and cheaper to run, to an average person in Mexico, Brazil, Thailand, Malaysia, Indonesia and others to buy them.

There are more than 7 billion people living outside the US and EU.

Here is an example of EV cars taking off outside the US and EU market.

Yup, its in Thailand.

Note, there are more people living in South East Asia than the whole of US and EU combined.

You should travel a bit more - maybe then, you will realize the world does not revolve around the EU and US markets anymore.

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Thanks Cosmoterios, that was fantastic.

charch

PLS Price at posting: $3.83 Sentiment: Buy Disclosure: Held
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(20min delay)
Last $3.04		Change -0.015(0.49%)		Mkt cap ! $9.134B

Open	High	Low	Value	Volume
$3.03	$3.06	$3.01	$20.79M	6.854M

Buyers (Bids)

No.	Vol.	Price($)
17	91492	$3.03

Sellers (Offers)

Price($)	Vol.	No.
$3.04	154946	20

View Market Depth

No.	Vol.	Price($)
30	61841	3.030
41	376425	3.020
32	357319	3.010
108	401649	3.000
22	183247	2.990

Price($)	Vol.	No.
3.040	209034	25
3.050	314676	39
3.060	260173	25
3.070	239386	18
3.080	136007	12

Last trade - 13.51pm 05/07/2024 (20 minute delay)

PLS (ASX) Chart