UPDATED WEEKLY
The Hysteresis
Where battery markets lag — and leadWe spent this week trying to verify things. All three Korean cell makers reported Q2 improvement. Only one disclosed enough for us to decompose the result to an ex-credit number. That gap between reported and provable kept showing up: in Chinese export growth heading into a narrowing corridor of tax changes and equipment restrictions, in a US cancellation count where a bankrupt facility and a converted production line register as the same event. The number always exists. Whether you can build a sourcing decision on it is what this issue works through.
ISSUE #8
The Hysteresis
We spent this week trying to verify things. All three Korean cell makers reported Q2 improvement. Only one disclosed enough for us to decompose the result to an ex-credit number. That gap between reported and provable kept showing up: in Chinese export growth heading into a narrowing corridor of tax changes and equipment restrictions, in a US cancellation count where a bankrupt facility and a converted production line register as the same event. The number always exists. Whether you can build a sourcing decision on it is what this issue works through.
ISSUE #8
Monday, August 3
