China/lithium interest25 Aug 2022 09:46
Wonder if the Chinese man in this photo https://twitter.com/Afritin_Mining/status/1551942561534820353/photo/1
was from BYD....China's largest electric vehicle producer??
Goldman Sachs, meanwhile, expects BYD's share of China's new-energy-vehicle market will rise
from 26% in the first quarter of this year to 36% in 2023 and 45% in 2025. One reason: BYD
designs and produces practically all of its vehicles' most valuable components, including
batteries, motors and some semiconductors like microcontrollers. That has proven to be a huge
advantage in recent years as supply-chain snarls have tripped up competitors, including Tesla,
and gives BYD an edge by allowing it to shorten its product cycles.
BYD is scouting lithium mines to protect itself from surging prices of the essential battery metal.
Despite rapid sales growth, BYD's margins were hammered last year due to high raw material
prices