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2022 has been an interesting year for the electric vehicle market, according to Iola Hughes of Rho Motion. Headwinds for the sector came following Russia’s invasion of Ukraine and China’s lockdowns in the first few months of the year.
But the market didn’t stay down for long. “As we’ve progressed throughout the year, we’ve seen a much stronger recovery than anticipated, largely coming from the Chinese market and significant ramp up of OEMs,” she said.
In Hughes’ opinion, the sector has strong upside in 2023, primarily due to China.
#Investing #Lithium #ElectricVehicles
0:00 – Intro
1:09 – EV market sales trends in 2022
2:44 – Impact of higher raw materials prices
4:04 – Consumer acceptance of EVs
5:08 – China’s role in the EV space
8:04 – EV sales outlook for 2023
9:05 – Trends in battery chemistry
11:06 – Risks for lithium battery industry
12:03 – Outro
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The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.