a bit off topic, but One has to admire China in this respect...

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14/05/23

09:45

Post #: 67762541
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Originally posted by Acgm: ↑

I anticipate China NEV sales could be down a bit in May and June from historical seasonal figures due to manufacturers offering cut price deals to get rid of their remaining stock of ICE cars of older standards which after 1 June will not be permitted to be sold (they’ll take almost anything they can get for them to sell rather than have to scrap them). Then NEV sales will rocket north again from July for second half of year.

Of course lead time for material supplies for manufacturers to stock inventory of the expected NEVs post June is already underway, so I expect pricing for materials (such as battery component materials including LiCO3 / LiOH) are already turning north as manufacturers start demanding more inventory in advance. The clamp down in demand for raw materials via draw down of previous inventory of raw materials was, I believe, partly to “support” manufacturers (pressure) to sell off the soon-to-be-non-compliant ICE models prior to end of June 2023.

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a bit off topic, but One has to admire China in this respect (above post re old cars).

In my country; NZ, there does not seem to be any government plan around the switch to greener transport. Accept, i think there is a subsidy on certain greener cars - but no real plan as to what date we have to be ICE vehicle free ( accept for ICE Hydrogen I guess). Sad. There is the carbon reduction targets I suppose...

Of course , when foreign manufacturers stop building new ICE vehicles (because of their own countries laws) , then NZ customers won't be able to buy ICE vehicles any more - so that is a big positive.

LLL Price at posting: 65.5¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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