
Pod Point Group, a UK electric vehicle charging network provider, has issued a profit warning, anticipating a revenue miss of over 10%. This announcement comes amid concerns over weak demand for electric vehicles in the UK, which has led to a significant decline in the company's shares, plummeting by more than a third. The company cited a lack of private buyers for electric cars as a contributing factor to the downturn. The situation has raised alarms among investors regarding the future of EV charging demand, particularly in light of potential changes to net zero targets that could further impact the market.
China's imports of #cobalt intermediates surged in 2024, with the full-year volume increasing by 64.58% compared with 2023. Prices for the material, however remained on a downward trend, lingering at low levels
South Korea imports of #nickel-#cobalt-#manganese battery raw materials fell on a yearly basis in 2024, amid slow demand growth for NCM batteries against the backdrop of falling electric vehicle growth rate in major markets outside of China
China CATL's shares dip after it warns of revenue fall, slowing profit growth - Reuters https://t.co/okbhteCveJ

