PLS 3.00% $2.91 pilbara minerals limited

Good News & Bad News, page-45549

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    From the chart it is easy to see (but not by those dumb devious trolls) that while the sales of all cars in china decreased this year, the sales of EVs increased YoY for every month except for february.

    Thus the nonsense talk about the weakening economy In china is irrelevant. I think there is a reasonable explanation for that: China currently has about 230 cars per 1000 ppl, vs 800 for the west, and it is increasing rapidly, hence many buyers are most likely the wealthier ones buying their first car. These people are in the wealthier 23% of the population, and less likely to be affected by a weakening commodity.

    So, in China the outlook for EVs is excellent and don't let those brainless FWs confuse you.

    You can easily check out my stats - simple DYOR. I welcome alternate explanations based on logic and stats.

 
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