Baua Electric
MAY 21, 2024
Shares of logistics solutions provider Delhivery tumbled over 10% on Tuesday after the company’s fourth-quarter results prompted some brokerages , including CLSA , to cut their price targets on the stock. The price targets after the March quarter results imply a 15-74% upside in the stock from Tuesday’s closing price of INR 390.
CN EV Post
APRIL 6, 2023
With consumers in a wait-and-see mood, orders and transaction rates did not increase significantly, and auto demand recovered less than expected, the CADA said. Many automakers in China launched rare price wars in March to try to boost sales. The Vehicle Inventory Alert Index for China's auto market was 62.4 down from 74.6
CN EV Post
MARCH 2, 2023
In January and February, insurance registrations for passenger cars in China were down more than 25 percent from a year earlier, Li Auto CEO said, citing insurance registration data. The post Lithium carbonate prices to fall sharply as demand far below expectations, Li Auto CEO says appeared first on CnEVPost.
Baua Electric
MAY 23, 2024
million for the first three months of the year, as oversupply of the metal needed for EV batteries drags on prices. SQM Chief Executive Ricardo Ramos, said that despite growth in sales volumes, the quarter had been hit by average sales prices for lithium that dropped over 75% to USD 12,600 per ton. This brought a loss of USD 3.04
CN EV Post
MARCH 13, 2023
The price war in China's auto industry has intensified the wait-and-see mood among car buyers, and Li Auto 's move helps to allay potential consumers' concerns to some extent. For consumers who purchase these models, if the prices drop within 90 days of their order, then Li Auto will refund the difference.
Baua Electric
MAY 3, 2024
Albemarle pointed to higher EV sales in China in April, including at major automaker BYD, as a positive sign for lithium prices, but cautioned that current pricing would limit new projects from getting off the ground. “If prices stayed where they were today, you’d see us ramping capex down. billion and USD 1.8
CN EV Post
MARCH 22, 2023
Reducing prices to deal with inventory and properly recover costs are normal business practices, but these tactics should not turn into price wars, the CAAM said. Image credit: CnEVPost) The price war is one of the most talked-about topics in China's auto industry this month, creating operational challenges for many car companies.
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