Permanent Magnets – Business under transformation?

The below article confirms this. Mind you this about Germany only. The main points are as follows -

1. it expects sales of about 510,000 battery electric vehicles in 2023, eight percent more than last year; and sales of about 250,000 plug-in hybrid cars, a drop of 30 percent compared to 2022.

2. On balance, total EV sales will fall by eight percent this year,

The below article confirms this. This is only for China. The main point of the article is -

1. Sales of new energy cars that include pure battery EVs and plug-in hybrids also fell 6.3% in January after a blistering 90% growth in 2022, the China Passenger Car Association (CPCA) said.