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Suncor Energy Inc. T.SU

Alternate Symbol(s):  SU

Suncor Energy Inc. is a Canada-based integrated energy company. The Company's segments include Oil Sands, Exploration and Production (E&P), and Refining and Marketing. Its operations include oil sands development, production and upgrading, offshore oil and gas production, petroleum refining in Canada and the United States and its Petro-Canada retail and wholesale distribution networks, including Canada’s Electric Highway, a coast-to-coast network of fast-charging electric vehicles (EV) stations. Petro-Canada has a network of over 1,800 retail and wholesale locations across Canada, providing customers with a wide variety of fuel and service offerings including low-carbon fuel options. It is developing petroleum resources while advancing the transition to a low-emissions future through investment in power and renewable fuels. It also wholly owns the Fort Hills Project, which is located in Alberta's Athabasca region, approximately 90 kilometers north of Fort McMurray.


TSX:SU - Post by User

Comment by MigraineCallon Mar 03, 2023 1:57pm
153 Views
Post# 35318083

RE:RE:EV Sales Collapse Globally as Subsidies Dry Up

RE:RE:EV Sales Collapse Globally as Subsidies Dry UpNo, I don't think it is cherry picking.

If that is true for China, I don't recall Europe and the rest of the world (which includes the US) being shut down in January for lunar new year that also suffered similar sales drops.

Overwhelmingly, ICE vehicles still maintain top sales position globally.

I do know there are about 1000 new Chinese Teslas parked at the docks in Southern Thailand, so one day I might see one in the flesh. 

Obscure1 wrote: This is a perfect example of cherry picking a stat to make a statement.

China accounts for 27 million auto sales per year and they ended one of their never ending subsidies in January so sales backed off so the actual numbers are correct. However, what the article fails to mention is that China shuts down for a minimum of 10 days in January for its main holiday of the year. 

In January, Tesla slashed prices mid month and their sales since then have been double their production capacity.  Feb sales for Tesla Shanghai were up 32% YoY. 

The following article talks about how all of the Chinese automaker sales popped in February:  https://www.investors.com/news/china-ev-sales-february-2023-nio-li-auto-xpeng-byd/

Last year, world wide auto sales were down 8%.  During the same period, EV sales were up 49%




How do you like them apples?....Good Will Hunting




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