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Dr_Manhattan

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17/08/18

21:37

Post #: 35006597
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Originally posted by jimmityg ↑

https://oilprice.com/Metals/Commodities/Lithium-Plunging-As-Chinese-EV-Production-Slows.html

2/8/2018
"Changes to Chinese subsidies for hybrid and battery-powered vehicles – or new energy vehicles in local parlance – that came into effect mid-June are already having a dramatic impact.
According to data from China's Ministry of Industry and Information Technology, some 64,000 battery-electric vehicles (BEV) rolled off production lines in June 2018, a drop of 16% compared to May. June sales fell by 23% to 63,000 units. Plug-in hybrid sales increased 5% to 22,000.
Chinese BEV production peaked at more than 150,000 units in December last year. Global EV sales topped 1.2m in 2017 with BEVs making up two-thirds of the total and China accounting for more than half the market.
The new subsidy regime has impacted several leading battery producers in China according to the latest lithium research report from industry tracker Benchmark Mineral Intelligence. The country’s Optimum Nano last month announced that it would cease operations for at least the rest of the year while Yinlong New Energy has suspended production at many facilities due to slower sales."

This might help explain the recent drop in EFT prices. I'm still bullish overall, but these kinds of corrections knock things about a bit..

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'64,000 battery-electric vehicles (BEV) rolled off production lines in June 2018, a drop of 16% compared to May.'

71.6K total in June 2018 compared to 41.4K in June 2017(up 73% compared to last year)
92.2K total in May 2018 compared to 38.1K in May 2017 (up 142% compared to last year)

So the subsidy changes pushing for longer range EV with higher energy density batteries have slowed EV sales down from stupid growth to crazy growth.

'Intelligent critical thinkers?nope
KKK?yep
Russians?yep'

KKK, Russia conspiracy theories while complaining about critical thinking lol

Last edited by Dr_Manhattan: 17/08/18

AVZ Price at posting: 9.5¢ Sentiment: Buy Disclosure: Held
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Lithium Media Articles, page-50

Top Stories

Octava Minerals joins the antimony train with high-grades on the radar at Yallagong, WA

Sunshine Metals kicks off copper gold drilling at Truncheon; Highway East targets

NRW Holdings inks $109M deal with BHP for works at Jimblebar

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