“.. Global EV uptake is at a turning point. .. our bear scenario calling for a yoy decline in EV sales volume in 2024 has become more realistic. .. due to concerns about .. lower prices for used EVs, .. poor visibility on government policy, .. a shortage of rapid-charging stations. Under these circumstances, we clarify our relative preference for [hybrids].”
...EV will be a China story. Look at how competitive they can be, no chance for Tesla and EU makes to beat this - China's success with rolling out cheap models rest on reliance on cheap battery inputs.
If China can continue rolling out cheap quality EV models, it won't be long they will be at the doorstep of America and the EU, and they would have to resort to tariff protection to keep their automotive industry alive.
...China's common prosperity business model means lithium miners and battery makers are expected not to make big profits (i.e sacrifice) to enable China's car industry to take on the world.
...this is why I said not to necessarily equate EV growth with commensurate lithium pricing growth. If lithium price goes too high, China would not be in the position to make cars like this at staggeringly cheap prices.
