No good news there. I'd say Chinese consumers have put their wallets away and waiting to see how low they go. They're still forecasting an annual sales increase of 40%.
In 2023, EV sales in China are expected to reach 8.1 million units, which is substantially higher than Europe’s projection of 3.2 million and the US's 1.9 million. Can't remember the 2022 toals for Europe and the US (I'll have to look it up). However, in 2024 those large battery plants in the US and to a lesser extent Europe, begin coming online.
This will take the pressure off on having to rely heavily on Chinese consumers. They tend to look for hints from the central Govt on what to buy or not. Hopefully the new exhaust standard sway them in the EV direction. China has promised to start cutting emissions from 2026 I think.
No good news there. I'd say Chinese consumers have put their...
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Last
43.5¢ |
Change
-0.015(3.33%) |
Mkt cap ! $450.1M | |||
| Open | High | Low | Value | Volume |
| 45.5¢ | 46.5¢ | 43.5¢ | $3.070M | 6.893M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 90770 | 43.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 44.0¢ | 28271 | 4 |
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| Last trade - 16.10pm 07/06/2024 (20 minute delay) ? |
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Last
43.8¢ |
Change
-0.015 ( 3.85 %) |
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| Open | High | Low | Volume | ||
| 45.8¢ | 46.0¢ | 43.5¢ | 1959951 | ||
| Last updated 15.59pm 07/06/2024 ? | |||||
| SYR (ASX) Chart |