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The Under the Radar minute is a nationally aired radio
segment providing information and awareness of publicly traded
companies currently "Under the Radar"
This week on Under the Radar we look
at the Electric Vehicle sector.
With EV auto sales increasing by over 40% annually which
public companies will benefit the most?
Most of Europe,
China, and 10 states in the US have already mandated that 100% of
motor vehicles will be zero emissions by either the year 2030 or
2035. Worldwide car sales were around 66.7 million vehicles in 2021
and that number continues to rise. With EVs attributing to only
around 5% of new vehicles it is estimated that by the year 2035
over 100 million zero emissions vehicles will be being manufactured
annually.
The success of
Tesla both as a profitable company leading the EV revolution, and
as a stock that has seen mind boggling valuations making it the
most valuable automotive manufacturer in the world (and its founder
Elon Musk the richest man in the world) has spawned a number of new
companies entering the space. Tesla stock (TSLA) is however widely
considered to be grotesquely overpriced and is volatile to herd
selloffs as was illustrated by it losing over 125 billion in value
in just one day last week. It may be a better idea to buy a Tesla
vehicle than to purchase its stock.
Although some newcomers are backed by major manufactures such
as Volvos Rivian (RIVN) who has struggled, most of the newcomers
will not be successful. One very new company E-Cite Motors (VAPR)
however, has significant advantages over the others giving it a
much better chance to thrive. Even though it is just beginning to
be discovered Year to Date E-Cites stock (VAPR) has significantly outperformed Tesla,
Lucid, Rivian, Nikola, Nio, Canoo, Ford, GM, Volvo, Volkswagen, and
all other EV Auto companies that we have found.
This is due to
three major factors.
1. The cost and
time required to meet and certify all of the safety and emissions
regulations are very cost prohibitive requiring many vehicles to be
destroyed in the process. This is a high contributor in the time
and expense required to bring a new design from inception to
showroom which is typically 3 to 5 years. Under a special exemption
E-Cite (VAPR) is not required to meet any of the safety
or other costly certifications of a traditional auto manufacturer
making the ease and timeline of offering new vehicles to market
significantly more favorable.
2. Building a
manufacturing facility capable of mass-producing vehicles is
extremely capital intensive and time consuming. Once a facility has
been built, the fixed overhead is very large and does not change
much based on actual vehicles produced.
E-Cite does not need to build a traditional plant to produce
its vehicles but rather they are using modern micro-factories and
on demand production techniques that will scale up or down
depending on the actual demand and or supply issues
3. With all
major manufacturers developing EV versions of their popular models,
it will be difficult for new companies to stand out against
established brands. We will see how the rather dull Rivian pickup
fares against the less expensive, better performing, Ford F-150
Lightning electric or the Chevy Silverado EV. Perhaps of most
interest is that E-Cite (VAPR) is building stylish vehicles reminiscent
of nostalgic iconic cars from the past designed by legendary
designer Gene Langmesser. In addition to leading design and
product development teams and prototyping for automobile
manufacturers such as Porsche, Mercedes, Lexus, Ford, Hyundai, and
others, he has also created or built many movie cars or props. Most
notably the futuristic Lexus 2054 driven by Tom Cruise in "Minority
Report", Queen Latifas' transforming taxi in "Taxi", fighter ships
in "Battlestar Galactica", the Batmobile driven by George Clooney
in "Batman and Robin", and Arnold Schwarzenegger bodies in
Terminator 3! One thing is for sure, given Genes
background and reputation, E-Cites cars will not only differentiate
themselves from the mundane but stand out and inspire a passion
that has been void from much of the cookie cutter vehicles of
today. For more on E-Cite and an interview with Gene Langmesser
visit www.ecitemotors.com
Do your research now on VAPR
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