You are correct. The tide is indeed turning, even in "EV central" China, but probably not the way any wishful thinking is hoping for.
As posted in the Good News and Bad news thread, in case you missed it.
Stop and think about that.
The #1 EV market is cutting production. Western countries are introducing tariffs on cheap Chinese crap. Stock piles getting bigger. Cut throat discounting continues. Company profits plummeting. Subsidies that cannot last forever. Potential buyers keep waiting for the next round of discounts. Growing anger with recent EV buyer about discounts they missed out on and adding to their terrible depreciation.
It was forecast last year that out of the many many EV manufacturers in China, only a handful will survive.
Evergrande 2.0 in the making!
And in the meantime, sodium-ion batteries are appearing in EVs as the safer and cheaper alternative. Nobody cares about the periodic table, especially for short commuter use.
There is a lithium storm coming.... and it will be close to perfect.
QED
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