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BYD sets lower sales growth & warns of looming price war

Teslarati

BYD set lower sales growth goals for 2024, warning of a looming price war and overcapacity in Mainland China’s electric vehicle (EV) sector. BYD Chairman and President Wang Chuanfu held an investors conference earlier this week. In February, it slashed the prices of all its vehicles between 5% to 20%. million units.

BYD 114
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Argus: China’s Southern Rare Earth ups Tb, Ho, Gd, Dy prices; rising magnet demand

Green Car Congress

Chinese medium and heavy rare earths producer Southern Rare Earth has continued to raise its weekly prices for terbium, holmium, gadolinium and dysprosium, supported by a shortage of spot supplies and firmer magnet demand, according to Argus. Prices for 99.5% The range for 99.5%

Price 170
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China’s CBL to invest $420 million in Indonesian nickel mining and EV battery manufacturing – Charged EVs

Baua Electric

Chinese EV battery company Ningbo Contemporary Brunp Lygend (CBL) has agreed to invest $420 million in Indonesia’s nickel mining and EV battery manufacturing industries. The deal is worth] around $420 million, so even though nickel prices have slightly dropped, progress has been made,” Luhut said during an online press conference.

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Lithium prices see biggest drop this year in China as decline accelerates

CN EV Post

NIO 's management previously said they expect lithium carbonate prices to fall back to RMB 200,000 per ton this year, boosting gross margins. The price of lithium, a key raw material for batteries, is accelerating its decline. That latest average price is down 3.85 percent, the previous biggest drop of the year.

Price 100
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GlobalData: Global automakers earmark nearly US$600B for EVs over next decade

Green Car Congress

Aggressive emission and carbon neutrality targets set by regulators worldwide entails a faster transition from traditional automakers to next-gen electric vehicle (EV) manufacturers. Prior to this, Toyota had only a few BEV models manufactured with its Chinese partner GAC Group. VW Group stays on the top of the list with a US$100.5-billion

Global 370
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Tesla bull and ARK CEO Cathie Wood names her price to sell $TSLA holdings

Teslarati

Tesla bull and ARK Invest CEO Cathie Wood has finally revealed what price $TSLA stock would have to hit for her investment firm to unload its shares of the electric automaker’s stock. During the Morningstar Investment Conference on Wednesday, Wood began to discuss what it would take for ARK to scrap its holdings of $TSLA stock.

Price 121
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BYD profits decline 47% quarter-over-quarter in Q1 2024

Teslarati

The Chinese automaker beat Tesla in terms of volume deliveries in Q4 2023 but lagged behind the US electric vehicle (EV) manufacturer in Q1 2024. BYD sets lower sales growth & warns of looming price war BYD delivered approximately 300,114 beds and 324,284 plug-in hybrid cars. year-over-year.

BYD 121