I don’t think new tech is the issue here. LFP Is dominating the cheaper EV market annd overall and that’s 40 years old, comes down to cost, safety and mass production ability. Not to dis Evonix tech, good on them, maybe they are the future. But all the big teir one gigafactories being built are utilising a safe and proven graphite based anode. There was talk solid state would take over too, but at around 8x the cost/ battery and unable to really mass produce as yet, it’s just not getting market share.
A lot of asx companies knocking around 52 week lows but I think the recent share price dropping, last couple weeks here, is sentiment has shifted quite negative with fear of the unknown, there’s a lot of unknown at present, 3 months without an update following a downgrade in production. If nothings heard prior the AGM will be interesting to get an update, historically the price has run up a little toward a qtrly or AGM, but may go the other way this time, Guess we’ll see.
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