When you have one country dominating the entire industry......well its easy for them to write the narative the way they want it to go, spot price is only one of many forms of pricing and really little tonage is sold this way but it seems to be the attention getter when its not the main driver though the chinese propiganda machine would like you to believe it is. Simply put last year sales of BEV totalled 10 million units, this year we are on track to hit 14 million or even 15 million plus higher BESS production.
This alleged lack of demand, slow economy that these so called chinese nameless reports claim has not stalled EV sales one iota.
Its china doing what china does best...............looking after Number1
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