bullish
Nitto Kogyo Corporation (6651 JP) - News and Imprecation
SUMMARY
- News: The Nikkei on April 25th reported, "A dark cloud is hovering over the future of the electric car (EV) market.
- The low prices of Chinese EV manufacturers, backed by Chinese government subsidies, are adversely affecting the performance of related companies such as motor giant Nidec Corporation (TSE Prime: 6594).
- The spread of low-cost EVs will substantially change the structure of the industry, and investors are beginning to look out for companies that will benefit from the commoditization of EVs.
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