here are some reasons why i have an eye for the ev sector next half year:
First, according to the news that EV sales are set to increase by 35% in 2023. Also. i have read about the news that the three-wheelrs sold in india in 2022(last year), more than half of them were electric. So, yeah, I think that would be a large market needs and demands in the future.
EV is also goibg to reduce oil demand a lot(which is also great considering the geographical tention nowadays)
Another thing is the battery of EV. The current rate of EV adoption and battery manufacture is growing largely, many are trying to enable what they called the “2023 net zero” thing.
and i would like to mention one$XPeng (XPEV.US)$. the company makes SUVs, family sedans, etc. and the company’s revenue(which i heard it from the podcast) climbed more than 20% in 2020. Another thing i would mention about Xpeng is that they target at (what they call) “tech-savvy middle class consumer”
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Silverbat : RIVN?
TeslaSmurf : Careful with XPeng…
Msjx TeslaSmurf : Why becareful with xpeng?
frank Eagle_1874 : "careful with XPeng" because Xpeng will be (already started) eating everyone's else lunch