So far EV manufacturers are still hungry for lithium as their batteries in dire need of the mineral while graphene batteries still require new technology to enter the mass market. Even though Kandi (NASDAQ: KNDI) is partnering with CBAK (NASDAQ: CBAT) not big attention from investors is seen from CBAT shares as they are growing over 14% only.
Piedmont (PLL) crazily soared when Tesla partnered for getting a continuous supply of lithium to make EV batteries. Stock traders are crazed by Elon Musk’s tweets and Tesla news while other EV makers are silently competing against pioneering EV company of the South African migrant. Not many days left for Nio, Xpeng, Li, Kandi, Lucid, Fisker, and Rivian to become mass-production EV companies of the world.
Perhaps, CBAT will rise slowly despite spectacular news from its media. However, long-term traders will benefit from it anytime as its revenue will surely rocket drastically in upcoming January when Kandi will pay millions of dollars to maintain a solid supply chain.
Editor and Computer Expert
A hardcore tech enthusiast and computer expert Uson Abdilazhanov who holds a degree in communications started writing in his personal blogs since 2012. That time he was interested in the technical part of the computer. But now the software aspect plays an important role in his career. Currently, he runs a PC building and repairing shop which helps a lot of designers and gamers who always like to try new things.