Shaq see below for what china’s doing...it’ a battle for EV dominance....Vision May have Germany on his hit list me thinks.. refer bottom sentence in below article.....yeah maybe Volkswagen...the irony of that....heart palpitations on open ...been a long wait and more waiting to do but boy probably worth it...
“A Reuters analysis of 29 global automakers found that they are investing at least
$300 billion
in electric vehicles, with more than 45 percent of that earmarked for China.
By Paul Lienert and Christine Chan
PUBLISHED JAN. 10, 2019
Global automakers are planning an unprecedented level of spending to develop and procure batteries and electric vehicles over the next five to 10 years, with a significant portion of their budgets targeted at China, according to a Reuters analysis of public data released by those companies.
Automakers’ plans to spend at least $300 billion on EVs are driven largely by environmental concerns and government policy, and supported by rapid technological advances that have improved battery cost, range and charging time. The accelerated rate of industry spending — much of it led by Germany’s Volkswagen — is greater than the economies of Egypt or Chile.”
WFE Price at posting:
2.4¢ Sentiment: Buy Disclosure: Held
