Quite the contrast in the articles below. If CATL can cut battery costs that much then translating to EV pricing should be bullish for demand. Western EV makers have completely dropped the ball from a supply chain perspective to compete with China. If they were serious (along with the EU and US govt) getting full finance for the 45ktpa Vidalia expansion wouldn't be such a discussion on this forum.
https://www.reuters.com/business/battery-firm-lg-energy-solutions-q4-profit-up-43-higher-us-output-2024-01-26/
https://thedriven.io/2024/01/25/worlds-largest-ev-battery-maker-set-to-cut-costs-in-half-by-mid-2024/
Media Reports, page-3226
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Last
26.5¢ |
Change
-0.010(3.64%) |
Mkt cap ! $274.2M | |||
| Open | High | Low | Value | Volume |
| 28.0¢ | 28.0¢ | 25.8¢ | $1.673M | 6.264M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 998 | 26.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 27.0¢ | 80643 | 3 |
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| Last trade - 16.10pm 17/10/2024 (20 minute delay) ? |
| SYR (ASX) Chart |