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  CarParts.com   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

SPACS
  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.
  • https://lucidmotors.com

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

Education
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.
  • https://xostrucks.com/

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.

Monday, February 1, 2021

Uranium stocks

Uranium is a silvery-white metallic chemical element in the periodic table, with atomic number 92. It is assigned the chemical symbol U. Uranium has the highest atomic weight (19 kg m) of all naturally occurring elements.

Uranium is used to power commercial nuclear reactors that produce electricity and to produce isotopes used for medical, industrial, and defense purposes around the world.

(by market cap)                        
Ticker  Company name Mkt Cap (USD)

ETFs: URNM, URA

  1. NXE  NexGen Energy 1.396B; Canada
  2. DNN   Denison Mines  508.567M; Canada
  3. UUUU  Energy Fuels   573.871M; Colorado, USA
++URG
++UEC

Sunday, January 31, 2021

Silver miners

Silver is valued both as an industrial metal and as a precious metal. It is used in jewellery, electronics, and photography. Many investors use it as a safe haven in times of economic turmoil and sometimes as a hedge against inflation.

(by market cap)                        
Ticker  Company name Mkt Cap
SLV - Silver Trust, the oldest ETF containing physical silver; managed by BlackRock subsidiary iShares  
SIL - Global X Silver Miners ETF
  1. FNV  Franco-Nevada  22.654B; Canada
  2. WPM  Wheaton Precious Metals  18.389B; Canada
  3. PAAS  Pan American Silver  6.776B; Canada  
  4. AG    First Majestic Silver   3.978B;  Canada
  5. SSRM  SSR Mining  3.845B; Canada
  6. HL  Hecla Mining  3.022B;  USA
  7. MAG  MAG Silver  1.844B; Canada
  8. FSM  Fortuna Silver Mines  1.42B; Peru
  9. SVM  Silvercorp Metals  1.126B;  Canada
  10. SILV  SilverCrest Metals  1.298B;  Canada
  11. EXK  Endeavour Silver   779.486M; Canada
  12. MUX  McEwen Mining  503.98M; Canada
  13. AXU  Alexco Resource  391.016M;  Canada
  14. GPL  Great Panther Mining  293.026M;  Canada  
  15. ASM   Avino Silver & Gold Mines  110.285M;  Canada
++GATO

 

Wednesday, January 27, 2021

Electric cars: Rivian

Rivian is an American manufacturer of electric vehicles. 

  • Founder & CEO: RJ Scaringe (2009–) 
  • Founded: 2009 
  • Headquarters: Plymouth, Michigan
  • More than 3,600 employees split across offices in Michigan and California and its production facility in Illinois.
  • Privately held company (Limited liability company)
  • The startup was valued at $27.6 billion in a funding round in January.
  • Looking to go public as soon as September 2021.
  • Current investors in the electric-vehicle startup include Amazon, Ford, T. Rowe Price, BlackRock, Soros Fund Management and Fidelity.
  • Rivian has a deal with Amazon to build 100,000 custom electric delivery vans by 2030. 
  • https://rivian.com/
The R1T is an all-new model from Rivian, and the company says it'll start delivering to customers in June 2021. It kicks off with a Launch Edition that starts at $75,000.

The truck will be sold directly to consumers, although Rivian says that it also will set up a network of service centers and Tesla-like stores. Going on sale soon after the R1T truck will be the R1S, a seven-passenger SUV with similar specs.

The company has retrofitted a former Mitsubishi Motors plant in Normal, Illinois, where it also plans to build the EV delivery van for Amazon.

Electric 2021 Rivian R1T



Founder Robert "RJ" Scaringe
He grew up in Melbourne, Florida, and has a doctorate in mechanical engineering from MIT's Sloan Automotive Lab.