Li-related News/Articles/Reports, page-5179

That does indeed look good, it's also policy of the Chinese to reduce dependency of oil import, hence the subsidies of electric cars. They don't have oil, they do have lithium and coal.

What I'm more concerned of is sales figures from US and EU from reasons mentioned above. The electric car is more expensive, yet is still inferior in some parts to it's ICE counterpart. Take away subsidies and no one who is not an environmentalist / early adopter will buy it.

It will change when regulations will force people to buy an EV when only zero emission car will be allowed to be sold, but we are not there yet.

Also, more affordable models come around, and incremental improvements in battery tech for more range should help, but yet again, we are not there yet to push ICEs from their throne altogether.