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Electric Last Mile to List on Nasdaq Through Merger With FIIIEV Company Electric Last Mile to List on Nasdaq Through Merger With Forum Merger III Corporation Pro forma implied equity value of the combined company is approximately $1.4 billion at closing, at a $10.00 per share price and assuming no redemptions by Forum shareholders. ELMS expects to launch its Urban Delivery van as the first electric Class 1 commercial vehicle in the U.S. market in the third quarter of 2021 Transaction supported by approximately $155 million in fully committed PIPE and related financing anchored by institutional investors including BNP Paribas Asset Management Energy Transition Fund and Jennison Associates LLC Approximately $379 million of gross proceeds expected from the transaction to be used to fund operations and growth Anticipated proceeds from the proposed business combination expected to sufficiently fund initial product launches ELMS has over 30,000 pre-orders from customers including leading brands and some of the largest fleet managers and dealers in the country. The boards of directors of both Forum and ELMS have unanimously approved the proposed transaction, which is expected to be completed in the first quarter of 2021. finance.yahoo.com
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by AlenCiken
2
EV Company Last Mile to List on Nasdaq Through Merger With FIIIEV Company Electric Last Mile to List on Nasdaq Through Merger With Forum Merger III Corporation Pro forma implied equity value of the combined company is approximately $1.4 billion ELMS expects to launch its Urban Delivery van as the first electric Class 1 commercial vehicle in the U.S. market in the third quarter of 2021 Transaction supported by approximately $155 million in fully committed PIPE and related financing anchored by institutional investors including BNP Paribas Asset Management Energy Transition Fund and Jennison Associates LLC Approximately $379 million of gross proceeds expected from the transaction to be used to fund operations and growth Upon closing of the transaction, which is expected to occur in the first quarter of 2021, the combined company will be named Electric Last Mile Solutions, Inc. and will continue to be listed on the Nasdaq Capital Market under the new ticker symbol, “ELMS To date, ELMS has over 30,000 pre-orders from customers including leading brands and some of the largest fleet managers and dealers in the country. www.businesswire.com
FLong
by AlenCiken
CAN'T SPELL GAINS WITHOUT NGAWho amongst us likes the color red? If you're color blind don't answer. I know I don't, so I READ into NGA's chart a little more. This thing is so solid the words liquid and gas literally are not in its vocabulary. And I know what you're thinking, oh wow another EV company, NKLA did so well. Well let me put those fears to rest much like Nikola Tesla himself was put to rest many years ago. It's ELECTRIC. Don't be SHOCKED to see $20 soon. I literally reCOIL at anyone who doubts its potential energy. tl;dr buy buy buy (no backstreet boys)
NLong
by thestonks
Cramer Says Arrival Has The 'Best Claim To Be The Son Of TeslaCramer Says This EV Startup Has The 'Best Claim To Be The Son Of Tesla,' Gives Blessing To Buy SPAC Stock The “Mad Money” host said on his CNBC show that if the stock “comes down below $17.50, you can buy it hand over fist, because this one has the best claim to be the son of Tesla — or daughter, to break the tyranny of that awful cliche.” The automaker, backed by United Parcel Service, Inc (NYSE: UPS), Hyundai Motor Company (OTC: HYMTF), and BlackRock Inc (NYSE: BLK) is “revolutionizing the entire auto industry, and they own a ton of intellectual property,” according to Cramer. “They make all their own components, they’ll be cost competitive with gasoline and diesel, and that’s why Arrival got that $5 billion valuation from the get-go,” explained Cramer. Cramer said Arrival’s microfactory concept could have an impact beyond auto industry and it could “revolutionize manufacturing.” “If they can make an electric van or truck with a lower cost of ownership than the fossil fuel-powered alternatives, that’s a whole new ballgame,” the former hedge-fund manager theorized. Why It Matters: The merger between CIIG Merger and Arrival was reported last month. The former is backed by Peter Cuneo, the former CEO of Remington and Marvel. BlackRock has pumped in 8 million into Arrival, which would allow the London-based company to open a manufacturing facility in the United States. stock UPS has placed an order of 10,000 electric vans with Arrival, worth approximately $500 million.
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by AlenCiken
#TSLA to $780 Goldman Sachs upgradeIll be looking for #TSLA above 599.10, with a possible target at the the top trend line which coincides with Goldman Sachs new price target of $780. This area also corresponds with the S&P 500 listing. Real clear trend running into the top of an older resistance line and the $599.10 resistance. Looking for volume on the upside running into that area if we continue this direction. Should we find support above $599.10 and above that trend line, we could see some a big upside. The top trendline would be resistance for me, with support below it, but we may start trading into the bullish megaphone formation created from our current resistance trend and the longer term resistance line coming from earlier in November.
NASDAQ:TSLALong
by TradingNomadic
1
My NIO shortLast week on November 23rd I took a short trade on NYSE:NIO . I also talked about the trade and the additional confirmation of what was going on in the EV sector in the video linked below. I wanted to have this trade marked for posterity as it was just a great example of the same strategy I use on all instruments and all timeframes. It's very simple... Break of Support/Resistance Pullback to confirm that Support/Resistance for entry A target that can gives 3-to-1 Reward/Risk This is the recipe I have used all year playing stocks and making consistent gains. It makes me respect Support and Resistance and stay PATIENT for setups rather than jumping in.
NYSE:NIOShort
by norok
4
Significantly Increased Sales to the Rising Chinese EV MarketChina Automotive Systems Significantly Increased Sales to the Rising Chinese EV Market in 2020 - 120,000 steering units shipped for electric vehicle ("EV") models so far in 2020; may reach over 140,000 units by year end 2020 - targets sales of over 200,000 steering units for Chinese EV vehicles in 2021 - - Sales of Chinese EVs approximately doubled year-over-year to 144,000 units in the month of October 2020. With this rapid growth of EVs occurring in China, the outlook is for booming growth as the Chinese government has set an EV car target of 25% of all new cars by 2025. - Other new products are under development to meet the future needs of the surging Chinese EV market." - Our portfolio of EPS products has the potential to become a major growth channel over the next few years as we further capture market share in the burgeoning market for Chinese electric vehicles. finance.yahoo.com
NASDAQ:CAASLong
by AlenCiken
$WKHS Workhorse Group INCYTD VIEW Auto Fibs MA on 20 for length MACD looking VERY BULLISH Well, what can I say?? BUY WORKHORSE!!!! I've held from the 16th till now. Huge mistake not really checking out my move but I held strong and now above my mark of $23. Still waiting on the greatest news ever I assume but at the same time, watching to see if this can continue on its roll. I would love to see $46 to be honest. Patience would be KEY! Very Proud of workhorse. I actually love the company idea and what they've accomplish. Good Stuff Work Horse! NASDAQ:WKHS The nerve of my friend calling this company pony horse... lol ASSHOLE jp! #WORKHORSEGROUPINC #TradeSafe #InvestSmartWAAS
NASDAQ:WKHSLong
by CriptoWild1
12
XPeng Announces Vehicle Delivery Results for October 2020XPeng Announces Vehicle Delivery Results for October 2020: • XPeng delivered 3,040 vehicles in October 2020, a 229% increase year-over-year • XPeng delivered 17,117 vehicles year-to-date 2020, a 64% increase year-over-year • XPeng delivered a total of 3,040 Smart EVs in October 2020, consisting of 2,104 P7s, the Company’s smart sports sedan, and 936 G3s, its smart compact SUV. The Company’s October deliveries represented a 229% increase year-over-year. • As of October 31, 2020, year-to-date deliveries of the Company’s Smart EVs reached 17,117 units, representing a 64% increase year-over-year. • Despite China’s Golden Week holiday in early October which affected deliveries, the Company sees strong business momentum supported by fast production ramp up and robust demand for its Smart EVs. • It achieved a new milestone this month, completing the production of 10,000 P7s on October 20, 2020, just 160 days after starting mass production in late May. finance.yahoo.com
NYSE:XPEVLong
by AlenCiken
Electric Vehicle Company Canoo 421M Market CapCanoo has announced a merger agreement with Hennessy Capital Acquisition Corp. IV (HCAC), a special purpose acquisition company (SPAC), that would result in Canoo becoming a publicly listed company. Canoo is a Los Angeles-based company that has developed breakthrough electric vehicles, reinventing the automotive landscape with bold innovations in design, pioneering technologies, and a unique business model that defies traditional ownership to put customers first. Distinguished by its experienced team – numbering over 300 employees from leading technology and automotive companies. (prnewswire.com) The indicators are looking bullish on every timeframe, the market cap is very low and the company looks promising. If you are interested to test some amazing BUY and SELL INDICATORS, which give the signal at the beginning of the candle, not at the end of it, just leave me a message.
HLong
by TopgOptions
12