Hyundai, Tesla pave the way for long-range (+300 mi) EV prices falling below average gas cars
Buying an electric car with at least 300 miles of range is getting more affordable than ever. Several automakers, including Hyundai, Kia, and Tesla, are now offering long-range EVs (those with at least 300 miles range) that are cheaper to buy than the average gas-powered car in the US.
https://electrek.co/2024/06/07/hyundai-tesla-drive-down-long-range-ev-prices-below-gas-cars/
Our offtakers Hyundai and Kia reduced prices. This should stimulate the Demand side for Magnets and so NdPr. Question is what impact on Price of NdPr it might have? This could generate some pressure on the prices for ARU and impacting Margine.
Any thoughts on this from your sides, adjustments needed on the model?
In general I guess this is a good sign for us.
US / Euro Tariffs - Forecast Effect on NdPr Oxide Demand/Supply, page-3
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Last
19.5¢ |
Change
-0.005(2.50%) |
Mkt cap ! $462.0M | |||
| Open | High | Low | Value | Volume |
| 20.0¢ | 20.0¢ | 19.0¢ | $554.7K | 2.831M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 34 | 1139538 | 19.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.5¢ | 47758 | 3 |
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| ARU (ASX) Chart |