We are entering a period of historic disruption CAGR 87%18 May 2023 13:10
No question in my mind a global disruption once in a lifetime for many and not forgetting the $370bn Inflation reduction Act from the US and now Europe will have to take even swifter action to secure the auto industry, absolutely mind blowing implications for some of our projects:
https://www.asianmetal.com/news/1941698/China-to-take-multiple-measures-to-expand-consumption-of-NEVs/1
The new energy vehicle (NEV) industry is facing unprecedented development opportunities, Meng Wei, spokesperson of the National Development and Reform Commission (NDRC), said at a press conference on May 17. In the next step, China will continue to improve policies and measures, guide relevant parties to seize opportunities, improve technological innovation capabilities, build a new industrial ecosystem, promote industrial integration and development, improve infrastructure systems, deepen open exchanges and cooperation, and continuously enhance the core competitiveness of the industry. At the same time, China will take multiple measures to expand the consumption of NEVs and promote high quality development of the NEV industry. Meng Wei said that in recent years, under the combined action of many factors, China's NEV industry developed rapidly. From 2012 to 2022, the compound annual growth rate of NEV sales reached 87.2%, and the production and sales volume ranked first in the world for eight consecutive years.
https://www.asianmetal.com/news/1941243/China-to-scale-up-medium-and-long-term-lending-toward-manufacturing-sector/1
China is ready to unleash the potential of consumption further and create a consumption supply system of high-quality, said an official from the National Development and Reform Commission (NDRC) at a news conference held on May 17. According to NDRC, new efforts will be put in place to stabilize and expand investment in manufacturing. Efforts will also be made in providing more medium- and long-term loans towards manufacturing to realize high-quality growth of the sector
2023 won't end with our SP in this range!
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