Non-ferrous

Base Metals

Rare Earth

Scrap Metals

Minor Metals

Precious Metals

Ferrous Metals

Iron Ore Index Iron Ore Price Finished Steel Coke Coal Pig Iron Silicon Steel

New Energy

Solar Lithium Cobalt Ternary Precursor and Material Anode Materials Chemical Compound Lithium-ion Battery Used Lithium-ion Battery Sodium-ion Battery Hydrogen Energy Energy Storage

Dashboard DatabasePro Reports Events Car Insight

Home / Metal News / Citigroup Says Tesla Unlikely to Abandon CATL and Turn to Other Suppliers for Full Tax Credits

Citigroup Says Tesla Unlikely to Abandon CATL and Turn to Other Suppliers for Full Tax Credits

Jun 8, 2023 10:30

Source:SMM

According to Bloomberg on June 8, Citigroup said that investors are worried that Tesla may abandon CATL and turn to other suppliers to meet the requirements for full tax credits.

SHANGHAI, Jun 8 (SMM) – According to Bloomberg on June 8, Citigroup said that investors are worried that Tesla may abandon CATL and turn to other suppliers to meet the requirements for full tax credits. Citigroup believes that is unlikely to happen.

More popular news:

SMM Daily Comments (Jun 2): All Metals Closed Higher with SHFE Nickel Leading Gains, Coke Surged

SMM Daily Comments (Jun 5): Base Metals Mostly Fell, Ferrous Metals Bucked the Trend to Surge, Oil Gained Further on Saudi Arabia Output Cuts in July

SMM Indonesia Nickel and Cobalt Industry Chain Conference: Global Nickel & Cobalt Supply and Demand Prospect, Impact from NEV Development

Glencore to Aggressively Expand Copper Capacity

World Bank Raises Forecast for Global Economic Growth in 2023 with Significant Increase for China, Emphasises Dangers of A High-Interest Rate Environment, But Lowers Forecast for 2024

Changan Automobile Denies Rumours of "Withholding Payment": NOT True and Has Reported to Public Security Authority

Commerzbank Lowers Price Forecast for Copper, Aluminium, Zinc and Nickel for 2023 and 2024

Rumours Say Glencore Will Raise Takeover Bid for Teck Resources, but Another Big Obstacle Lies Ahead

Commodity Price Bubble Finally Burst, but Metals Demand Will Surge

Market forecast

Macro economy

For queries, please contact Michael Jiang at michaeljiang@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

SHANGHAI, Jun 2 (SMM) – HRC futures extended its rally today, closing up 2.68% at 3,722 yuan/mt.

Jun 2, 2023 17:30

Industry

HRC Prices Extend Rally, Market Is Anticipating Economic Stimulus From Chinese Government

Kenyan President Calls for Ending of Dependence on Dollar

According to CCTV, on May 29 local time, Kenyan President Ruto said that African countries should end their dependence on the US dollar in mutual trade and switch to local currencies.

May 31, 2023 11:08

Industry

Kenyan President Calls for Ending of Dependence on Dollar

Sino-China Relations Will Begin To Thaw Soon, Us President Biden Says At G7 Summit

US President Joe Biden said at the G7 Summit: we are not looking to decouple from China.

May 26, 2023 11:00

Industry

Sino-China Relations Will Begin To Thaw Soon, Us President Biden Says At G7 Summit

Industry insiders Say International Bulk Commodities Prices Will Hardly Improve in the Second Half of the Year as Demand Dropped Significantly

"Don't hoard goods." Recently, some industry insiders have suggested on social media that the commodity market can hardly improve amid oversupply, and it is not advisable to hoard goods.

May 24, 2023 16:48

Industry

US Treasury Department’s Higher Cash Balance Provides a Buffer

The amount of money available to pay bills in the US has increased, providing a respite for the government as it struggles to maintain spending until it finds a solution to the debt ceiling.

May 24, 2023 16:46

Industry

US Treasury Department’s Higher Cash Balance Provides a Buffer

Global Macro Environment Is Still Highly Uncertain

SHANGHAI, May 16 (SMM) - The US non-farm payrolls rose 253,000 in April, far exceeding expectations, and its unemployment rate was 3.4%, hitting a new low since 1969.

May 16, 2023 13:57

Industry

Global Macro Environment Is Still Highly Uncertain

SMM Daily Aluminium Price Review And Forecast

SHANGHAI, May 16 (SMM) - The most-traded SHFE 2306 aluminium contract opened at 18,185 yuan/mt overnight, with its low and high at 18,100 yuan/mt and 18,245 yuan/mt before closing at 18,155 yuan/mt, up 40 yuan/mt or 0.22%.

May 16, 2023 10:31

Industry

PBOC: Money Supply M2 up 12.4% YoY in April

The People's Bank of China (PBOC) data showed that at the end of April, the balance of broad money (M2) was 280.85 trillion yuan, up 12.4% year-on-year.

May 11, 2023 17:08

Industry

PBOC: Money Supply M2 up 12.4% YoY in April

Dollar, Crude oil, Gold, Dow Jones Industrial Average Went down across the Board

The US dollar closed at 101.42 and fell 0.21; crude oil fell 0.68 and stood at 72.76;

May 11, 2023 10:19

Industry

Dollar, Crude oil, Gold, Dow Jones Industrial Average Went down across the Board

CPCA: China Passenger Car Sales Increased In April

According to preliminary statistics from the China Passenger Car Association, from April 1 to April 30, the retail sales of passenger vehicles reached 1.652 million, a year-on-year increase of 58% and a month- on-month increase of 4%.

May 11, 2023 11:45

Industry

CPCA: China Passenger Car Sales Increased In April

SMM Events & Webinars

All

Oct
09
- NET ZERO EUROPE - Solar & Energy Storage Summit
  Oct 09 - 10,2024
  THE EGG BRUSSELS, BELGIUM
Oct
08
- 2nd Li-ion Battery Europe 2024
  Oct 08 - 10,2024
  THE EGG BRUSSELS, BELGIUM
Jun
24
- 2024 Global Renewable Metal Industry Chain Summit
  Jun 24 - 25,2024
  To foster international cooperation and dialogue among industry colleagues
  Kuala Lumpur , Malaysia

Citigroup Says Tesla Unlikely to Abandon CATL and Turn to Other Suppliers for Full Tax Credits

SMM Events & Webinars

NET ZERO EUROPE - Solar & Energy Storage Summit

2nd Li-ion Battery Europe 2024

2024 Global Renewable Metal Industry Chain Summit