Monday, March 15, 2021

ETF composition - Invesco QQQ

Invesco QQQ correspond to the price and yield performance of the NASDAQ–100 Index®

The Index includes 100 of the largest domestic and international nonfinancial companies listed on the Nasdaq Stock Market based on market capitalization. The Fund and the Index are rebalanced quarterly.

Sunday, February 28, 2021

Electric cars : News

  • 17 May 2021: Canoo (GOEV) opened its reservations and is taking preorders: Starting today, the lifestyle vehicle, MPDV and pickup truck can be reserved in the United States, with a $100 deposit per vehicle at The Lifestyle Vehicle will be the first vehicle to market in 2022, and has targeted pricing starting from $34,750 -$49,950i for Delivery, Base and Premium models, before incentives, or optional equipment. Deliveries for the Pickup Truck and scaled production for MPDV are scheduled to begin as early as 2023.
  • 15 May 2021: Ford (F) hosts an event to reveal the all-electric F-150 Lightning. The automaker says the F-150 Lightning will bring stunning innovation, technologies and capabilities to the popular F-Series, without sacrificing power, payload and towing capability. Production of the F-150 Lightning begins next spring at the company's Ford Rouge Electric Vehicle Center.
  • 26 Jan 2021: (PRTS)  Announced its launch of a new dedicated shopping hub for the hybrid, plug-in hybrid, and electric vehicle community; the hub will also feature news, guides, blog content, and maintenance insight for the community.
  • Dec 2020, Tesla: Despite the impact of the pandemic, Tesla produced and delivered half a million EVs in 2020. It ended the year by finally getting included in the S&P 500 Index after five profitable quarters. Deliveries of Model Y that is being produced in Shanghai's Gigafactory are expected to begin shortly. Tesla Cybertruck, Semi, and Roadster are due to be launched this year. Tesla's revenue increased 45.3 percent to $8.77 billion in Q3 2020. Its non-GAAP net income increased 155.5 percent YoY to $874 million, while its EPS rose 105.4% from last year's $0.76. 
  • 19 Nov 2020: General Motors (GM) announced more aggressive plans to pivot toward electric cars as it accelerates efforts to challenge Tesla (TSLA). GM stock rose. The No. 1 U.S. automaker now plans to spend $27 billion on electric cars and autonomous vehicles through 2025, up from a prior target of $20 billion. Also by 2025, GM plans to launch 30 electric cars around the world, with two-thirds of them available in the U.S. Previously, it planned at least 20 new models by 2023.
  • The Lyriq, Cadillac's first all-electric vehicle, which will arrive in Q1 2022, nine months ahead of its prior schedule.
  • 19 Nov 2020: GM will develop two electric cars for Honda (HMC) using the Ultium platform and anticipates others will want to license the new proprietary battery technology. The Ultium will allow electric cars to go 400 miles on a single charge, GM has said. That would top Tesla's projected range of 322 miles for its Model 3 sedan.
  • 16 Nov 2020Lordstown Motors (RIDE) released updates on commercial, operational, and strategic developments; as a highlight among those updates, co indicated that it remains on track to begin production of its full-size, all-electric pickup truck, the Lordstown Endurance, in September 2021, with full production ramping through 2022. Co has received approx. 50,000 non-binding production reservations from commercial fleets for the Lordstown Endurance.
  • 2 Nov 2020: NIO reports October deliveries increased 100% yr/yr. NIO delivered 5,055 vehicles in October 2020, a new monthly record representing a strong 100.1% year-over-year growth. The deliveries consisted of 2,695 ES6s, the Company's 5-seater high-performance premium smart electric SUV, 1,477 ES8s, the Company's 6-seater and 7-seater flagship premium smart electric SUV, and 883 EC6s, the Company's 5-seater premium electric coupe SUV. NIO delivered 31,430 vehicles in 2020 in total, representing an increase of 111.4% year-over-year. As of October 31, 2020, cumulative deliveries of the ES8, ES6 and EC6 reached 63,343 vehicles.
  • 2 Nov 2020: Li Auto (LI) reports deliveries of 3,692 Li ONEs in October, representing a steady increase compared to September.
  • 2 Nov 2020: Xpeng Inc (XPEV) reports October deliveries increased 229% yr/yr to 3040 vehicles. 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.
  • 10/26/20: DiamondPeak Holdings Corp (DPHC) completes business combination with Lordstown Motors; starts trading on the Nasdaq under ticker symbol "RIDE".
  • 10/10/20: Renault (OTC:RNSDF) is expected to unveil a new electric SUV concept alongside the production version of the Dacia Spring next week. The French automaker is charging in late with a strong electrification push.
  • August 2020: The Lucid Air is slated to be revealed on Sept. 9, 2020. Lucid expects to achieve a driving range of about 500 miles per charge.
  • August 2020: The Nikkei Asian Review reported that Panasonic (6752.Japan) will invest another $100 million in its joint-venture Tesla (TSLA) Gigafactory in Nevada. The report says plant capacity will rise about 10%, to 39 gigawatt-hours year.  A 39 gigawatt-hour a year plant can make 39,000,000 kilowatt-hours of batteries, or enough to power 400,000 to 500,000 EVs.
  • August 2020: Nikola (NKLA) is designing a pickup truck called Badger to get 600 miles of range through a combination of a battery pack and a hydrogen fuel cell to power its electric motors. It’s a little like having a portable generator on board.
  • When trying to compare the efficiency of battery power versus gasoline engines, the discussion around miles per gallon gets a little strange. The EPA is the entity converting values for U.S. drivers, and the agency decided that about 34 kilowatt-hours of energy is the same as a gallon of gas. So an EV that goes 100 miles using 34 kWh gets about 100 miles per gallon.
  • June 2020: Volkswagen (OTCPK:VWAGY) is scheduled to start taking binding orders for its "first edition" ID.3 electric car at a list price of €40K ($45.5K). The German automaker expects to start making some European deliveries in September and sending out full-featured ID.3s by the end of the year as the company's broad goal to be a mass EV producer accelerates. EV buzz is picking up in general after Tesla (NASDAQ:TSLA) crossed the $1,000 per share threshold and Nikola (NASDAQ:NKLA) soared in its public debut. Investors also have been putting a charge into EV-related stocks like Electrameccanica Vehicles (NASDAQ:SOLO), Arcimoto (NASDAQ:FUV), Workhorse Group (NASDAQ:WKHS), Kandi Technologies (NASDAQ:KNDI) and Nio (NYSE:NIO), Aptiv (NYSE:APTV), Delphi Technologies (NYSE:DLPH) and to name a few. Of course, chipmakers like Nvidia (NASDAQ:NVDA), Maxim Integrated Products (NASDAQ:MXIM), NXP Semiconductors (NASDAQ:NXPI) and TE Connectivity (NYSE:TEL) also benefit from the increased focus on EVs.
  • September 2019: Michigan-based Rivian Automotive landed an order from Amazon to purchase as many as 100,000 electric delivery vans over the next decade, with the first ones showing up on the road in 2021.
  • Jan 7, 2019 Shanghai:  Tesla (TSLA) broke ground on its Chinese Gigafactory where it plans to mass-produce Model 3 and Model Y electric vehicles. "We think with the resources here we can build the Shanghai Gigafactory in record time and we’re looking forward to hopefully having some initial production of the Model 3 towards the end of this year and achieving volume production next year," Elon Musk stated at the event. The local Gigafactory is the first wholly-owned car plant in China operated by a foreign company. 
  • Jan 2018: Tesla (TSLA) has started to roll out its all-electric Model 3 vehicles, while Volvo last year announced plans to phase out gas-only cars and launch new electric and hybrid vehicles in 2019.
  • Dec 2017:  Panasonic is considering jointly developing batteries for electric vehicles with Toyota (NYSE:TM), a move that would cement its position as the world's leading producer of automotive batteries. Panasonic (OTCPK:PCRFF) already supplies lithium-ion assemblies for Toyota's hybrid vehicles, but has also carved out a name for itself as the major battery supplier to Tesla (TSLA).
  • July 2017:  Toyota (NYSE:TM) is working on an electric car with improved driving range and a fast-charging battery. The Japanese automaker is expected to build the new EV on a new platform and use solid-state batteries that can be recharged in minutes. The new model could arrive as early as 2022.  Other automakers such as BMW are also working on developing all-solid-state batteries, eyeing mass production in the next 10 years.
  • March 2015:  Mercedes is launching its first plug-in hybrid-electric midsize sedan, the C350e, in U.S. dealerships in September 2015, according to reports. Chatter on the street suggests that the German auto-making powerhouse plans to deeply undercut Tesla stickers, with a price around $42,000 before $5,250 worth of federal and state incentives. The 85 kWh Tesla starts at twice that level. And the brash young automaker will not have a competitive product until at least 2017. Mercedes can undercut the pricing because it has a lot more experience at mass production and sourcing; will make the car in low-cost Alabama instead of high-cost California; and it can subsidize the vehicle with its other vehicles, just to gain market share. The market for electrics is growing dramatically; this is just the start.

Monday, February 22, 2021

Electric vehicle (EV) stocks

(by market cap)                        
Ticker  Company name Mkt Cap
  • TSLA  Tesla  783.118B
  • LI   Li Auto  29.262B; China; premium electric SUVs, one of the fastest-growing segments of the Chinese auto market
  • NIO  NIO Inc.   87.72B; China
  • XPEV  XPeng 34.104B; China
  • QS   QuantumScape   19.65B; develops solid-state lithium-metal batteries for electric vehicles
  • NKLA  Nikola  7.582B
  • EH  EHang Holdings  4.137B  China; manufacturer of electric drones
  • FSR   Fisker   4.178B; California-based
  • RIDE   Lordstown Motors  3.997B
  • GOEV Canoo   3.983B; California-based
  • NIU  Niu Technologies 3.446B; China;  electric-scooters
  • WKHS  Workhorse Group  2.813B
  • HYLN  Hyliion  2.77B; Texas; heavy-truck drivetrains
  • XL   XL Fleet  2.617B; EV conversions for commercial vehicles 
  • BLNK   Blink Charging   1.96B; charging network
  • RMO  Romeo Power  1.888B; California;  lithium-ion  batteries for big trucks, buses, construction equipment
  • PRTS   967.161M; shopping hub for the hybrid, plug-in hybrid, and electric vehicle community; 
  • IDEX  Ideanomics  883.334M
  • GP  GreenPower Motor  605.537M; Canada
  • SOLO    Electrameccanica Vehicles  594.261M; Canada
  • KNDI  Kandi Technologies  572.507M; China
  • FUV  Arcimoto  541.248M; Oregon-based; maker of electric three-wheeled EVs
  • AYRO  Ayro  226M
  • EZGO  EZGO Technologies 191.966M; China;  e-bikes

  1. Arrival Group (Nasdaq:ARVL); IPO end of Q1 2021; (SPAC is CIIG Merger (NASDAQ:CIIC); U.K.-based company; UPS have put in an order for 10,000 electric delivery vans, with production slated to kick off in 2022.
  2. Faraday Future (SPAC is Property Solutions Acquisition (NASDAQ:PSAC))
  3. Lion Electric (SPAC is Northern Genesis Acquisition (NYSE:NGA))
  4. Ree Automotive (SPAC is 10X Capital Venture Acquisition (NASDAQ:VCVC)) - powertrain components and platforms for EVs
  5. ChargePoint (SPAC is Switchback Energy Acquisition (NYSE:SBE)); charging network
  6. EVBox (SPAC is TPG Pace Beneficial Finance (NYSE:TPGY)); charging network
  7. Nuvve (SPAC is Newborn Acquisition (NASDAQ:VCVC)); charging network
  8. Volta (Nasdaq:VLTA); IPO end of Q2 2021; (SPAC is Tortoise Acquisition II (NYSE:SNPR)); charging network
  9. NextGen Acquisition (NGAC), which will merge with electric truck maker Xos

©Artremis / EAS (2/21)

Sunday, February 21, 2021

Electric cars: Lucid Motors

Another luxury electric vehicle is coming to market with hopes of dethroning Tesla.  It is the Lucid Air, a premium electric sedan, revealed on Sept. 9, 2020.
  • Founded: 2007
  • Owner: Public Investment Fund of Saudi Arabia (67%)
  • Headquarters: Newark, California
  • Founders: Sheaupyng Lin, Bernard Tse, Sam Weng
  • CEO: Peter Rawlinson, a former chief engineer of Tesla
    To go public in Feb 2021 via a SPAC, Churchill Capital Corp IV (CCIV) 
  • Lucid Air is priced at $169,000 and will be built at the company’s new Casa Grande, Arizona, factory.

Origins: Founded as Atieva in 2007 by Bernard Tse, a former Tesla director, Sam Weng and Sheaupyng Lin. The company initially focused on battery packs for vehicles in China but pivoted in 2014 to building its own car.

Market: Initially aimed at the U.S. with some exports to Europe. Lucid sees a huge market in China but will likely need a plant there to make the vehicles cost-effective.

Lucid recently made headlines with a claimed driving range of 517 miles for its upcoming Air model. That’s currently more than any other mass-produced EV on the market by a long shot. It achieved this with a 113-kilowatt-hour battery.
That is much better than Tesla’s longest-range Model S—which in June was the first EV to earn a 400-mile plus rating from the Environmental Protection Agency.

Charging time for the Air hasn’t been released, but we expect it to charge faster than any current mass-produced EV, thanks to its 900-volt electrical architecture. That’s more than the Porsche Taycan’s 800-volt system and more than double that of Tesla’s 400 volts. When Lucid unveiled the Air in 2016, it said it would have 1,000 horsepower with its dual-motor setup. That hasn’t changed, and it’s possible the number could increase a little when the production version debuts. That’s a lot of power, more than most supercars. And there’s more: A tri-motor model with a mind-numbing 1,800 hp is in the works. Lucid says the upcoming Air can hit 60mph in 2.5 seconds.

We expect the Air to come with a long list of driver-assist tech, thanks to its semi-autonomous system called Lucid Dream Drive. Unlike the Model S, the Air will have a driver monitoring system and lidar sensor (short for Light Detection and Ranging). In addition to the lidar sensor, the Air will also come equipped with 32 sensors. These consist of camera, radar, and ultrasonic sensors. Driver-assist features include a surround-view camera, blind spot monitoring, cross-traffic protection, traffic sign recognition, automatic braking, adaptive cruise control, lane centering, headlight assist, traffic drive-off alert, and a self-parking system. At its debut, we should learn if these sensors and features will be standard or optional.
CEO Peter Rawlinson (CNBC, Feb. 5, 2021)

Update 22 Feb 2021: Saudi-owned electric carmaker Lucid Motors to go public tomorrow via a SPAC
Churchill Capital Corp IV (CCIV)

 The Churchill Capital SPAC is the largest fund run by Michael Klein, a former Citigroup Inc. rainmaker

Klein has played a prominent role in guiding the Saudi kingdom’s investments, serving as an adviser to its Public Investment Fund. Among other deals, he advised on the Saudi Aramco initial public offering.

Born 1963 – US citizen

1985    Bachelors of Science in Economics (Finance and Accounting), The Wharton School, University of Pennsylvania

Work history
1985-2008    Citigroup
2010-present    M Klein & Company, Managing Partner; Churchill Capital Corp., chairman and CEO

Saturday, February 20, 2021

Electric vehicles: Xos

Xos Inc., a North Hollywood, California-based manufacturer of large electric commercial vehicles, will go public by merging with the blank check firm NextGen Acquisition Corp. (Nasdaq: NGAC) in a deal valuing Xos at $2 billion.
  • Xos Co-Founder & CEO Dakota Semler, Co-Founder & COO Giordano Sordoni, and NextGen Co-Founder & Co-Chairman George Mattson will join a newly formed board of directors.
  • The electric truck startup was formerly known as Thor Trucks, and rebranded itself in 2019. 
  • Xos estimates the market for electric commercial vehicles at as much as $100 billion.
  • Xos vehicles have been deployed in field operations since 2019, with a customer base that includes UPS, Loomis, Lonestar, and Wiggins; 6,000+ unit backlog of contracted andoptional orders.

Co-Founder & CEO Dakota Semler (CNBC, Feb 22, 2021)
NextGen Co-Founder & Co-Chairman George Mattson 

George Mattson, a former Goldman Sachs (GS) banker who launched NextGen, said the proceeds raised in this SPAC deal will expand Xos’s vehicle assembly and battery making capacity and to continue work on the next generation of battery technology.

Semler will remain CEO. Giordano Sordoni will continue as chief operation officer and the existing team, including Chief Technology Officer Robert Ferber and Chief Financial Officer Kingsley Afemikhe, will remain intact.

Since 2019, when it changed its name from Thor, Xos has had vehicles on the road with United Parcel Service (UPS), Wiggins Lift Co, Lonestar Truck Group and Loomis US, the operator of armored vehicles for the banking industry.

In a press release, the company said it has a backlog of more than 6,000 vehicle orders, both contracted and optional.