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China reintroducing sales tax on batteries, unplugging life support from tier 2 battery makers (local governments permitting). Same as with EVs earlier this year. If you are not fit by now, ngmi. Long term good for CATL and BYD. Short term let's see if this brings H share CATL price in with Shenzhen price and we can grab some at 25x PE (the tax incentive phase out is not new tho, it may be in the price).
the culling arc
China reintroducing sales tax on batteries, unplugging life support from tier 2 battery makers (local governments permitting). Same as with EVs earlier this year. If you are not fit by now, ngmi. Long term good for CATL and BYD. Short term let's see if this brings H share CATL price in with Shenzhen price and we can grab some at 25x PE (the tax incentive phase out is not new tho, it may be in the price).