Maxwell's 54% Q2 Growth: An Outlier, Not A Trend: Filed under: Energy News
Such growth looks impossible to achieve even on an annual basis in 2013. The main recent source of growth, ultracapacitors for Chinese hybrid buses, has almost completely dried up. These customers are waiting on new subsidies from the Chinese central government. The Chinese press currently has been predicting these subsidies will be released in late August or early September . August is now over, and the continued delay of their release is eroding Maxwell’s earnings potential for 2013. Without the hybrid bus subsidy, Chinese bus operators will currently be buying more buses with conventional drive-trains rather than hybrids, so many of these sales will be lost forever, not merely delayed.