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Several factors have likely helped push Chinese lithium to its meager price. Foremost, the Chinese government recently ended incentives for electric vehicles, which has slightly slowed their adoption in recent weeks. But how could this affect Tesla pricing?
Hurricane-force winds are blowing through the global autoindustry, and we may just have seen the first roof fly off. Meanwhile, a Cat 5 typhoon is about to hit Europe itself, as Chinese automakers blow into town with good-quality EVs at prices that domestic brands can’t match.
Despite new tariffs on Chinese EV imports in the US and Europe, BYD is widening its lead in key auto markets like Southeast Asia and SouthAmerica. The Chinese automaker is already a leading EV brand in these countries as it expands into new markets. BYD opened its first EV plant in Thailand last month.
In the next few years, 70% of electric vehicles in Russia will use Chinese charging stations. In addition to the domestic market, the largest markets are in the Middle East, SouthAmerica, Southeast Asia, and the African market. Demand for charging piles soars. China is the world’s largest producer of electric vehicles.
They’re a big mining concern in SouthAmerica, and they can supply some of the metals we use in the product. Some clever engineering from Chinese manufacturers took advantage of the safety of the material and designed packs that were much lighter. One of our partners in this work is CBMM. Mark Gresser: Yes.
They’re a big mining concern in SouthAmerica, and they can supply some of the metals we use in the product. Some clever engineering from Chinese manufacturers took advantage of the safety of the material and designed packs that were much lighter. One of our partners in this work is CBMM. Mark Gresser: Yes.
For example, with increasing evidence of genocidal Chinese government towards Uyghur residents, including forced labor camps, the lack of transparency regarding whether any Chinese EVs benefit from such labor prompts me to deduct 1 production point from China (out of ~25 it had earned). Globally ~14k Ioniq BEVs were sold.
Electrek’s Take Ending the federal tax credit will put the entire US autoindustry behind. China continues to gain more global market share as leaders like BYD expand into key overseas markets like Europe, Southeast Asia, and Central and SouthAmerica.
That said, it makes some salient points and presents useful data points starting with noting that vehicle production is up significantly since 2020 in every market that is not SouthAmerica. Its production dip is not nearly as sharp as those witnessed in Asia, Europe, or North America.
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