January 19, 2017
YOUR NEXT CAR WILL BE A VOLT:
40% Price Drop On Chinese EV Batteries Spells Trouble For Tesla (Bertel Schmitt, Jan. 19th, 2017, Forbes)
An analyst note by Morgan Stanley says that Chinese battery suppliers may cut vendor prices by 35-40% in 2017, while still making a profit. On Thursday, shares of electric vehicle battery maker Samsung SDI dropped 4% on the news, while competitor LG Chem was down 1.8%.
Posted by Orrin Judd at January 19, 2017 5:24 AM