Chinese drone company EHang rebounds after short reportChinese drone company EHang rebounds after short report
Yesterday, the stock had plunged more than 60% after a short sell report from Wolfpack, claiming that EHang was largely fabri-- had largely fabricated revenues based on sham sales contracts.
Now EHang today put out a statement saying that the report contains numerous errors, unsubstantial statements, and misinterpretation of information. So the stock has been rebounding a bit from yesterday.
finance.yahoo.com
Electric
Quantumscape ($QS) a Major buy at $55. Stock heading to $200Quantumscape Corporation is a "Concept stock" That has dropped off 70% from the all time high of $135. The market cap is currently sitting at $20B and is revolutionizing the battery market safer(not flammable) solid state lithium batteries with faster charge times and longer battery life. On the board sits JB Straubel the ex-CTO of Tesla. His expertise is in lithium batteries. This is a huge deal.
Many of the other board members are on the board of Google, Formerly Amazon, and Tesla.
Volkswagen group own 25% of the company and at the high of $135 not one share was issued. This is a very bullish sign which means Quantumscape does not need more money.
The company has yet to put out a product but given the board the massive share investment of Volkswagen; Quantumscape likely has a very promising prototype not seen by the public.
The TAM (Total Addressable Market) for Quantumscape is massive and goes beyond EVs.
The company can produce for consumer devices such as phones, VR wearables, watches, Medical equipment, home energy storage, aircrafts, boats etc. A market that is expected to reach well over $100B by 2030.
With strong partnerships and a killer patented solid state battery product, Quantumscape can capture a large share of the battery market and can possible have revenues of $25B+ by 2025.
This is a "Pie Castles in the Sky" "Concept" play...but given the team, investment by volkswagen, Bill Gates, protective patents and market... Quantumscape is no doubt a play that excites the imagination of the public.
SOLO, When it pops, it pops!Last run-up, we had a 400% gain over a month. therefore seeing a 300% gain by March is not out of the question.
A run-up will happen with all the consolidation SOLO has been doing, and it will be a bug one, all the way up to tap the support line, at the top fib level.
VLEEY - VALEO - LiDAR Driving the Autonomous VehiclesVLEEY
ENTRY = 17 - 20
CAD = 618@14.80
HODL 26+
EV LiDAR PLAY - Playing a Major Role in Tomorrow's Mobility
www.valeo.com
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This content is for informational, educational and entertainment purposes only. This is not in any way, shape or form financial or trading advice.
Good luck, happy trading and stay chill,
2degreez
Launches First Electric Vehicle & Hybrid Focused Shopping HubCarParts.com Launches First Electric Vehicle & Hybrid Focused Shopping Hub
This week launched a new dedicated shopping hub for the hybrid, plug-in hybrid, and electric vehicle (EV) community. The ecommerce retailer is transforming the way drivers shop for auto parts, so naturally, building an online store for EVs and hybrids is the next big investment in the company’s growth and commitment to getting drivers back on the road.
In recent months, CarParts.com’s product offering for EVs and hybrids has grown to include over 700,000 applications for the repair, maintenance, and enhancement of hybrids, plug-in hybrids, and EVs. Aftermarket parts are available for over 25 popular vehicle makes, including Tesla, Toyota, Honda, GMC, BMW, Ford, Lexus, Chevrolet, and more.
As EVs and hybrid vehicles age, consumers are more likely to buy aftermarket parts.
finance.yahoo.com
Ride$Ride Wedge. Biden talked about replacing all government vehicles with electric vehicles. We can see this one breakout in no time.
SOLO- Descending Triangle Pattern- Breakout Imminent SOLO forming a very strong descending triangle with imminent breakout. Overall trend is bullish, market is bullish, electric vehicle market is especially bullish. Very strong potential.
EVBox Group to Become Public Company via Spac TPGYEVBox Group to Become Public Company via Business Combination with TPG Pace Beneficial Finance
EVBox is a leading global provider of smart charging solutions for electric vehicles ("EV") with Europe’s largest installed base of charging solutions and the most advanced cloud-based software offering.
ENGIE to Retain 40+% Ownership
Institutional Investors Including Funds and Accounts Managed by BlackRock, Inclusive Capital Partners, Neuberger Berman Funds and Wellington Management to Invest Additional $225 Million of Equity Through Private Placement at Closing
EVBox Group to be Listed on the NYSE Following Close Expected Late Q1-2021
Following the transaction, EVBox expects to have more than $425 million of cash on its balance sheet, including a portion of the proceeds of TPG Pace’s fully committed Private Investment in Public Equity ("PIPE") of $225 million, $100 million from TPG Pace’s Forward Purchase Agreements and $350 million of cash held in TPG Pace’s trust account.
EVBox offers a portfolio of both hardware and enterprise software solutions and has built the industry’s largest installed base of EV charging solutions, with more than 190,000 charge ports across 70 countries.
The business combination values EVBox at an implied $969 million enterprise value , and a total pro-forma equity value of approximately $1.394 billion.
finance.yahoo.com
indie Semiconductor Enters Definitive Merger Agreement with THBRindie Semiconductor Enters Definitive Merger Agreement with Thunder Bridge Acquisition II, Ltd.
indie Semiconductor is a leading pure-play provider of next-generation semiconductor and software solutions for the rapidly growing Autotech market, enabling ADAS/Autonomous, Connectivity, User Experience and Vehicle Electrification applications
Business combination with Thunder Bridge Acquisition II, Ltd. (Nasdaq: THBR) positions indie to capitalize on >$2B of strategic backlog and an additional $2.5B in identified pipeline opportunities driven by deep relationships with Tier 1 automotive suppliers
Provides up to $495M in cash to the combined company before expenses, comprised of up to $345M in cash held by Thunder Bridge II in trust assuming no redemptions and an upsized $150M fully committed common stock PIPE at $10.00 per share, including anchor investments from leading long-term institutional shareholders
Estimated post-transaction equity value of approximately $1.4B based on current assumptions; expected to be listed on the Nasdaq under the ticker symbol INDI following an anticipated transaction close in the first quarter of 2021
indie shareholders will rollover 100% of their equity positions through indie’s transition into the publicly listed entity
Net proceeds from the transaction to accelerate deployment of solutions to existing customers and fund pent-up demand for additional programs
Today, indie’s automotive semiconductor portfolio addresses a $16 billion market, according to IHS, which is expected to exceed $38 billion by 2025 driven by strong demand for silicon and software content in automobiles.
indie’s best-in-class, mixed signal system-on-a-chip (SoC) solutions are currently on 12 Tier 1 approved vendor lists, contributing to a strategic backlog position of more than $2 billion, defined as projected revenues based on existing contracts, design and pricing terms and historic production trends.
finance.yahoo.com
Potential Long-Term Hold Based on Increased growth potential and electrical vehicles becoming more prominent I'm long for a long term hold opportunity at a discount. Will wait for confirmation on break and retest of either horizontal support and/or green growth channel. Will be aiming to cover my loss at break of horizontal key area.
See chart for further details.