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As a global EV leader, China has far surpassed other countries in terms of both sales and export ratio, and the entire ecosystem is already very mature. More and more car manufacturers are seizing this piece of cake. The imbalance between supply and demand is getting bigger. The Chinese EV market is already facing a “never-ending” wave of price cuts
Among them, Tesla took the lead in announcing price cuts in 2022 in order to stabilize its market position, causing a chain effect of “price cuts”. As the biggest competitor, BYD also completely lowered prices soon after. Other major brands such as Ideal, SAIC, NIO, and Chery responded. This has triggered wave after wave of “price reduction waves”, forming the internal phenomenon seen so far
In order to stand out from the harsh competitive environment, the price cuts made by some car manufacturers are even more dumbfounded. With the attitude of “I would rather lose or not lose”, they quickly run out of breath when beating other peers. The entire field is already heating up, and everyone is leaving China one after another, so where will the next battleground be? Southeast Asia
Due to the impact of the price war, EVs of various brands are becoming more and more affordable, and consumers in emerging markets are becoming more and more accepting of EVs. For example, Thailand, Indonesia, the Philippines, and Malaysia have all “doubled” in the past few years. Not only dealers, but the supply chain required for the EV ecosystem, such as cables, electricity, distribution systems, charging piles, and battery replacement, will continue to benefit. With the help of the government actively promoting energy transformation, I believe more companies will seize this egg in the future...
Among them, Tesla took the lead in announcing price cuts in 2022 in order to stabilize its market position, causing a chain effect of “price cuts”. As the biggest competitor, BYD also completely lowered prices soon after. Other major brands such as Ideal, SAIC, NIO, and Chery responded. This has triggered wave after wave of “price reduction waves”, forming the internal phenomenon seen so far
In order to stand out from the harsh competitive environment, the price cuts made by some car manufacturers are even more dumbfounded. With the attitude of “I would rather lose or not lose”, they quickly run out of breath when beating other peers. The entire field is already heating up, and everyone is leaving China one after another, so where will the next battleground be? Southeast Asia
Due to the impact of the price war, EVs of various brands are becoming more and more affordable, and consumers in emerging markets are becoming more and more accepting of EVs. For example, Thailand, Indonesia, the Philippines, and Malaysia have all “doubled” in the past few years. Not only dealers, but the supply chain required for the EV ecosystem, such as cables, electricity, distribution systems, charging piles, and battery replacement, will continue to benefit. With the help of the government actively promoting energy transformation, I believe more companies will seize this egg in the future...
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Moomoo is thrilled to announce a global strategic partnership with Nasdaq. This collaboration unlocks an exclusive opportunity for our users: a limited-time offer to access up to 3 months of Nasdaq TotalView Level 2 real-time streaming quotes for free*.
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Images provided are not current and any securities are shown for illustrative purposes only and is not a rec...
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Images provided are not current and any securities are shown for illustrative purposes only and is not a rec...
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$Canopy Growth Corp(WEED.CA$ Schumer is going to allow a floor vote on the FAA bill over the next 2 weeks
SAFEB anking for cannabis can be attached to this bill
Do you think we should ALL be calling Chuck's office daily, urging him to include SAFE, until this bill gets passed?
SAFEB anking for cannabis can be attached to this bill
Do you think we should ALL be calling Chuck's office daily, urging him to include SAFE, until this bill gets passed?
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Rio Tinto have released their first quarterly production report for 2024. This news comes before the market opens, so we’ll see their movement as the days goes on!
Production for all commodities are down in comparison in Q4 of 2023. However, if you look back at this time last year - aluminium, copper, IOC, and especially bauxite production has increased.
This can be attributed to the stabilisation of mines like Weipa, Gove, and Kitimat.
Copper has been a hot...
Production for all commodities are down in comparison in Q4 of 2023. However, if you look back at this time last year - aluminium, copper, IOC, and especially bauxite production has increased.
This can be attributed to the stabilisation of mines like Weipa, Gove, and Kitimat.
Copper has been a hot...
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From YouTube
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$ProShares Ultra VIX Short-Term Futures ETF(UVXY.US$ $Direxion Daily Semiconductor Bear 3x Shares ETF(SOXS.US$ $Direxion Daily Semiconductor Bull 3x Shares ETF(SOXL.US$ $ProShares UltraPro Short QQQ ETF(SQQQ.US$ $ProShares UltraPro QQQ ETF(TQQQ.US$ The intraday excitement of doing these four checks is fun
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📉💼 It's rough out there for Telus and BCE stocks. The Canadian market's bouncing back, fueled by hopes for lower rates and tech sector mojo. But banks and telecoms are still struggling, facing headwinds that won't quit in 2024. Still, for dividend lovers, there's a silver lining—if you're game to weather the storm! 💪💸
📈🔍 As April rolls in, it might be time to tiptoe back into the dividend game. Some giants are at multi-year lows. But remember, low ...
📈🔍 As April rolls in, it might be time to tiptoe back into the dividend game. Some giants are at multi-year lows. But remember, low ...
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