[sgbuffett]

Hope the China PMI advance probably due to EV sale pickup will be lasting..

https://finance.yahoo.com/news/china-ev-...00966.html

There are 100 EV companies in China more than the number of donut outlets in Singapore in 2000...when any one with money wanted to open donut stall.

There will be a shake out. Many will fail and few will be left.

So the hit rate when you allocate capital without imagination will be low. Everyone is just following Tesla to build EVs....only a handful will make money,  the others wasted their money.

Even after the winners take the market they will realise it is the good old car market low margin, high competition, cyclical and capital intensive. The car business employs many but is never a a good business.   Nissan, Chrysler, etc all has hard times ..

There is nothing good being in the EV business.