Anteo will be one of the companies that contribute to becoming less dependent on Chinese manufacturers. Both in terms of raw materials and technology.
In my opinion, some companies (Mercedes-Benz, BMW) are already on a par and are getting better and better. There is hardly a new Mercedes model that does not deliver a range of 700+ kilometres.
Now it's all about the price. China has been/is massively subsidising, which will lead to higher taxes on Chinese imports in the US and Europe.
In addition, raw materials and batteries are becoming cheaper and cheaper overall. 1kWh LFP = 50€ / 1kWh NMC=80€
Anteo and other companies will realise further potential savings.
The contracts will come in my view.
ADO Price at posting:
1.9¢ Sentiment: Buy Disclosure: Held
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