Lynas needs ROW auto to start moving toward EVs in a more committed fashion. Honda has not made the move yet and the CEO's comments indicates they will stick with ICE hybrids and we will just have to wait and see what level of electric propulsion they support.
Big Auto needs massive supplies to mass produce. Just look at the huge investments by TSLA in supply chain issues and they aren't a mass producer yet.
ROW Auto can clearly see the looming resource limitations mentioned in the **promotion blocked**-Watson article and needs ROW Mining to provide better supply security before they can commit in good conscience.
This is not just a BEV issue; all topologies suffer to some extent from supply limitations.
Lynas needs peers. Or needs to clone itself.
Mass production will lower some costs, not all. Once mass manufacturing is up and running, BEVs will be cheaper to build than ICEs; already cheaper to own and operate according to some studies. Fleet owners will eat them up.
LYC Price at posting:
$2.41 Sentiment: Hold Disclosure: Held
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