Nemaska Lithium Inc fka NMKEF

[Twister]

Bad omen, even for those respected lithium producers!

"Sales of new energy vehicles — all-electric, fuel-celled autos and plugin hybrids — declined 16% from a year earlier to 85,000 units in August, the China Association of Automobile Manufacturers said Wednesday. That followed a 4.7% drop in July."

"China accounts for about half of the world’s electric-vehicle sales, so any weakness is likely to ripple beyond its shores. In July, global EV sales fell for the first time on record because of China, according to Sanford C. Bernstein."

“China is basically a healthy market, but because of the trade war, the car market is basically in a recession,” Volkswagen AG Chief Executive Officer Herbert Diess said in an interview with Bloomberg TV at the Frankfurt Auto Show this week. “So that’s a new situation. That’s scary for us.”

https://www.yahoo.com/finance/news/chinese-electric-car-sales-drop-063147184.html