Oil Shock In Iran Could Be Silver Lining For Chinese EVs

The Iran-linked oil shock could become a demand catalyst for electric vehicles, with the biggest near-term winners likely to be Chinese carmakers already expanding aggressively across cost-sensitive overseas markets. Brent crude traded above US$100 per barrel on Monday, while Wood Mackenzie’s David Brown said global oil prices had already surged an “eye-watering” 50% so far […] The post Oil Shock In Iran Could Be Silver Lining For Chinese EVs appeared first on the deep dive.