Regarding these new US tariffs, there are actually very few Chinese-made EVs sold into the US.
More significantly (in the short-term, at least) tariffs on Chinese-made lithium-ion batteries will also be increased, from 7.5% to 25%
Unlike Chinese EVs, the US imports a lot of Chinese batteries (about 1/5th of Chinese production, by value.)
What this does is strongly incentivize the development of cathode production capacity in or near the US, which has the knock-on effect of incentivizing local upstream production. (Roughly, from upstream to downstream: feedstock -> conversion to chems -> pCAMs -> CAMs -> cathodes -> batteries)
It makes Adina-Renard more valuable, and makes it more likely that WR1 will be acquired outright, or that a strong partnership will be formed with a midstream player who can convert Adina's SpodCon.
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Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
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2 | 43997 | 75.0¢ |
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Price($) | Vol. | No. |
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No. | Vol. | Price($) |
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1 | 5000 | 0.745 |
1 | 15000 | 0.740 |
1 | 1300 | 0.735 |
2 | 10024 | 0.730 |
Price($) | Vol. | No. |
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0.770 | 1000 | 1 |
0.775 | 7376 | 2 |
0.780 | 2160 | 1 |
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