#Cleantech and #ClimateChange #Podcast – #EV Industry Charging Ahead, Tesla (NASDAQ: $TSLA) Stock splits and XPeng Inc. (NYSE: $XPEV) Starts Trading following IPO, NIO (NYSE: $NIO) Announces Launch of Battery as a Service
Point Roberts WA, Delta BC, September 2, 2020 – Investorideas.com, a global news source and leading investor resource covering cleantech and renewable energy stocks issues today’s edition of the Cleantech and Climate Change Podcast, talking about today's problems and solutions for the future.
Listen to the Podcast:
https://www.investorideas.com/Audio/Podcasts/2020/090220-CleanTech.mp3
Read this in full at http://www.investorideas.com/news/2020/cleantech-climatechange/09021TSLA-XPEV.asp
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Transcript/overview
Today we are looking at the ever-growing investor
and consumer appetite for Electric Vehicles.
XPeng Inc. (NYSE: XPEV) a smart electric company, announced on August 26th ,the pricing of its
initial public offering of 99,733,334 American Depositary Shares
("ADSs"), each representing two Class A ordinary shares of the
Company, at a public offering price of $15.00 per ADS. In addition, XPeng has
granted the underwriters a 30-day option to purchase up to an aggregate of
14,959,999 additional ADSs. The gross proceeds from the offering, before
deducting underwriting discounts and commissions and other offering expenses
payable by XPeng, will be approximately $1.5 billion, excluding any exercise of
the underwriters’ option to purchase additional ADSs. The stock began trading
on the New York Stock Exchange, on August 27th and instantly traded
up as high as $25, then falling back to the low 20’s in the next few days. .
Tesla, Inc. (NASDAQ: TSLA) the coolest of
the EV stocks has gained over 1000% in the past year. Tesla announced on August 11th that the Board of Directors
had approved and declared a five-for-one split of Tesla’s common stock in the
form of a stock dividend to make stock ownership more accessible to employees
and investors. Each stockholder of record on August 21, 2020 received a dividend of four additional shares of
common stock for each then-held share, to be distributed after close of trading
on August 28, 2020. Trading began on
a stock split-adjusted basis on August 31, 2020 and of course the
stock was up yet again.
NIO Limited (NYSE: NIO) a pioneer in
China’s premium smart electric vehicle market, announced on August 20th
the launch of the innovative Battery as a Service subscription model and the
establishment of Wuhan Weineng Battery Asset Co., Ltd.
The BaaS model allows users to purchase electric
vehicles and subscribe the usage of battery packs separately. If users opt to
purchase an ES8, ES6 or EC6 model and subscribe to use the 70 kWh battery pack
under the BaaS model, they can enjoy the vehicle purchase price with an RMB70,000
deduction off the original price and pay a monthly subscription fee of RMB980
for the battery pack. Meanwhile, the users will continue to enjoy the existing
favorable policies such as purchase tax exemption and government subsidies for
EVs. The first vehicle under the BaaS model has completed the process of
license plate registration, insurance purchase, and auto financing. All users
who purchase NIO vehicles are now eligible to place orders with the BaaS model.
NIO stock has moved from a low of $1.19 to a high
of $20.97 in the last year … Quite a ride!
If you would like to be a guest on this podcast and
tell your story please call me at 800 665 0411
For investors following EV stocks we do have a
directory of publicly traded stocks – visit https://www.investorideas.com/Companies/RenewableEnergy/Stock_List.asp
Thanks, that’s it for today. Do something good for this beautiful planet
each and every day.
Podcast host: Dawn Van Zant
The Investorideas.com podcasts are also available
on iTunes, Spotify, Tunein, Sticher, Spreaker.com, iHeart.com and Google Play
Music.
Visit the Cleantech and Climate Change Podcast page at Investorideas.com
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