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CRU: lithium price downtrend continues, with disappointing EV sales in China the driver

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In August 2019, CRU reported on the steady slide in prices that has occurred in the lithium market since the beginning of the year. Since then, prices have continued to fall, CRU notes. Lithium hydroxide has fallen by 30% to RMB 74,500/t, according to CRU’s price assessments. Although this marks an impressive 41.5%

Price 243
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Tesla reports net profit, positive cash flow and better margins for Q3 2018 on Model 3 successes

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For the third quarter of 2018, Tesla reported GAAP net income of $312 million; free cash flow of $881 million, supported by operating cash flow of $1.4 Q3 2018 was a truly historic quarter for Tesla. Tesla is also trying to bring down the Model 3 pricing to the originally teased $35,000 mark.

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Trade group asks administration to reinstate tariffs on Chinese graphite, critical material for EV batteries

Baua Electric

In 2018, the Office of the United States Trade Representative imposed tariffs of 25% under Section 301 of the Trade Act of 1974, in response to China’s “unfair trade practices.” According to NAGA, China’s graphite supply surpasses global demand, allowing it to flood markets with cheap graphite and manipulate prices.

Chinese 52
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Opinion: Why Lithium Will See Another Price Spike This Fall

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Although the price trajectory of the metal has been subdued in recent months, the fundamentals behind the long-term trajectory suggest strong potential for long-term growth. Given this new investment, plug-in electric vehicle (PEV) sales are expected to experience 62% year-over-year growth in 2016 , 60% in 2017, and likely 100% in 2018.

Price 150
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Ballard closes strategic collaboration with Weichai Power; heavy-duty fuel cell vehicles

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interest in the company, through the subscription and purchase of shares from treasury at a price of $3.54, which reflects a 15% premium to the 30-day VWAP of $3.08 on 29 August 2018. —a current Ballard strategic investor and Chinese partner—has invested a further approximately $20.2 million, representing a 19.9%

Fuel 223
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Ballard enters strategic partnership with Weichai Power; 19.9% stake in Ballard and new JV; fuel cell commercial vehicles

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In addition, Zhongshan Broad-Ocean Motor —a current Ballard strategic investor and Chinese partner—has agreed to invest a further approximately $20 million at the same 15% premium to maintain its 9.9% Ballard Power Systems has entered into a strategic collaboration with Weichai Power Co., ownership position in Ballard.

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Tesla’s biggest retail shareholder is voting against Elon Musk’s $55 billion package

Baua Electric

The Indonesian-born Chinese American businessman is better known for founding SHI International Corp, a large private IT company that made him a billionaire. In comparison, Musk’s net invesment in Tesla is now negative after he sold tens of billions of dollars worth of stocks to buy Twitter. Rowe Price. Koguan hasn’t sold.

Tesla 52