In other news... two of the largest conventional automobile...

In other news... two of the largest conventional automobile battery manufacturers in India - Exide & Amaraja are actively exploring options to move into the EV battery space. The Indian government has set a target of going all electric for passenger vehicles by 2030. Car sales in India is growing at around 10-12% annually. Out of 1.3 billion people, 300 million are middle class. By 2025 the middle class will grow to 600 million. The economy growing at around 7% annually (fastest growing large economy in the world), the remaining 700 million poor wouldn't take long to improve their lot. In the next 23 years car ownership in India is estimated to grow 800% from present levels (wonders of compounding!).

I missed getting into the graphite and carbon relly in the Indian stock market. As I was analysing a company its share price had shot up 200% within a month. I thought that was crazy and watched from the sidelines as it climb another 500% within months.

So when I was visiting Oz over Christmas/New Years and my brother-in-law mentioned CLA, I had enough time to analyze it and jump in, as it wasn't moving much thanks to the holidays!

I think the CLA rocket is only warming up to take off. And once it takes off who know where it will reach, Mars or an entirely new galactic system...