Latest Electric Vehicle, Battery And EV Metal Miner Trends - May 2023 (Updated)

Jun. 08, 2023 2:38 PM ETTSLA, BYDDF, BYDDY16 Comments

Summary

  • Q1 2023 global plugin electric car sales were up ~25% YoY, well below the 2022 growth rate of 55%. This is seasonal and due to a slowdown in China sales.
  • Key May 2023 trends include - China EV sales slowdown to start to recover. Cheaper small electric car sales set to surge in 2023. China becomes a major EV exporter.
  • Stationary energy storage set to double in 2023. Sodium-ion batteries are coming, but won't replace lithium-ion for most applications.
  • EV battery metals prices to stabilize in Q2 2023, then H2 2023 will mostly depend on China EV sales. Other EV metals to remain depressed until EV sales surge again.
  • I do much more than just articles at Trend Investing: Members get access to model portfolios, regular updates, a chat room, and more. Learn More »

Tesla Update v7.0 Enables Self-driving Test In China

VCG

Image: Tesla founder Elon Musk is directing the electric vehicle ("EV") boom. This article first appeared in Trend Investing on May 4, 2023, but has been updated for this article.

For a background, investors can read our past update

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