https://www.bloomberg.com/news/feat...of-china-s-colossus-of-electric-car-batteries
“When the typhoon comes, can pigs really fly?”
Zeng proceeded to use an allegory to caution workers against complacency. “Is the pig really flying? What happened to the pig after the typhoon is gone?” he wrote, according to the company’s WeChat account. The pig is the company, the strong winds are government subsidies, and the danger is that favorable policies won’t always be there to provide uplift.
While China has removed subsidies they have compensated EV manufacturers by mandating that all new government motor vehicle purchases be EVs.
"China's pipeline of planned battery plants is about triple the rest of the world combined."
A big statement considering they still lag behind Panasonic, Samsung and LG Chem.
They're gonna need more SC6+ and WE'RE GONNA NEED A BIGGER BOAT!
The Impending Boom, page-4
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