UBS pulled apart a BYD EV and analysed components and batteries, with lessons for traditional car makers and lithium miners.
UBS pulled apart a BYD electric vehicle and closely scrutinised the technology, components and batteries.UBS found that BYD has a 25 per cent cost advantage over traditional manufacturers.
A report by stockbroking house UBS found that the “legacy” car makers are being left behind on costs and technology even though they are shifting to manufacturing their own EV models. They expect Chinese EV makers to double their global market share by 2030. UBS also did a detailed assessment of the implications for automotive parts suppliers and lithium miners. For investors in Australia, lithium miners Albemarle,
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