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Friday, February 25, 2022

#Solar #Stocks in the Headlines: Solar Integrated Roofing Corp. (OTC: $SIRC) Appoints Energy Industry Veteran Gregory Craig to Board of Directors; @SIRCStock

#Solar #Stocks in the Headlines: Solar Integrated Roofing Corp. (OTC: $SIRC) Appoints Energy Industry Veteran Gregory Craig to Board of Directors; @SIRCStock

 

EL CAJON, CA / February 25, 2022 / Solar stock news from Investorideas.com Newswire and RenewableEnergyStocks.com  - Solar Integrated Roofing Corp. (OTC: SIRC), an integrated, single-source solar power, roofing systems installation and EV charging company, today announced the appointment of Gregory Craig, a veteran entrepreneur, advisor and energy industry veteran, to the Board of Directors.

 

Read this news, featuring SIRC in full at https://www.investorideas.com/news/2022/renewable-energy/02251SIRC-Board-of-Directors.asp

 

Gregory Craig is a 30-year US energy industry veteran and noted entrepreneur. Mr. Craig conceived, launched, and helmed wholesale energy trader Cook Inlet Energy, growing it to over $3 billion in US revenue, ultimately selling it to Macquarie Bank to form their US wholesale operations. He went on to lead a successful business turnaround as Chairman and CEO of publicly traded US Retailer Commerce Energy. Most recently, Mr. Craig was Co-Founder, CEO, and Board Member of Griddy Energy, a disruptive tech-based energy retailer and first to market with an app-driven, real-time wholesale, subscription-based model for retail electricity. Additionally, Mr. Craig served as CEO of Star Energy Partners, an East Coast residential electric provider. Mr. Craig was selected to advise several US Energy Secretaries and was a Presidential Appointee and 3-year advisor to US President Bill Clinton.

 

Mr. Craig has been Chairman of the Board of the Price Center for Entrepreneurship and Innovation at UCLA Anderson for over 10 years where he is "Entrepreneur-in-Residence” and is also a member of the Executive Committee of the Board of Junior Achievement.

 

“We are privileged to welcome Greg to the Board as an independent Director, bringing significant knowledge on building large scale, profitable energy companies,” said David Massey, Chief Executive Officer of Solar Integrated Roofing. “Greg joins us at an opportune time as we enter a new phase of significant expansion of our business. His industry-leading experience in the energy space closely align with our goals and objectives for SIRC and I believe he will prove to be an invaluable asset as we uplist to a national exchange.

 

“Given the rapid pace of our acquisitions and partnerships – paired with robust organic sales growth, Greg’s strategic guidance will help us to build on our momentum and accomplishments as a prominent national brand. His proven leadership experience with fast-scaling energy companies will add relevant depth and perspective to our governance structure as we accelerate our expansion,” concluded Massey.

 

About Solar Integrated Roofing Corp.

Solar Integrated Roofing Corp. (OTC:SIRC), is an integrated, single-source solar power, roofing systems installation and EV charging company specializing in commercial and residential properties throughout the United States. The Company serves communities by delivering the best experience through constant innovation & legacy-focused leadership. The Company's broad array of solutions include sales and installation of solar energy systems, battery backup and electric vehicle (EV) charging stations to roofing, HVAC and related electrical contracting work. For more information, please visit the Company's website at www.solarintegratedroofing.com.

 

Forward-Looking Statements

Any statements made in this press release which are not historical facts contain certain forward-looking statements; as such term is defined in the Private Security Litigation Reform Act of 1995, concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update the information contained in any forward-looking statement. This press release shall not be deemed a general solicitation.

 

Investor Relations Contact:
Lucas A. Zimmerman
Director
MZ North America
Main: 949-259-4987
SIRC@mzgroup.us
www.mzgroup.us

 

Paid News -Disclaimer/Disclosure: . Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure : this news release featuring SIRC is a paid for news release on Investorideas.com  More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com

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Investors can trade these stocks and other ideas on our site using our list of top stock trading apps including Robinhood, Acorn, Stash and others. 

 

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Thursday, February 24, 2022

#RenewableEnergy #Stock News- Solar Integrated Roofing Corp. (OTC: $SIRC) Appoints Energy Industry Veteran Gregory Craig to Board of Directors; @SIRCStock

#RenewableEnergy #Stock News- Solar Integrated Roofing Corp.  (OTC: $SIRC) Appoints Energy Industry Veteran Gregory Craig to Board of Directors; @SIRCStock

 

Respected Energy Executive to Join Board as Independent Director; Public Company Experience to be Vital as SIRC Seeks to Uplist to a National Exchange

 


EL CAJON, CA / February 24, 2022 /
Solar stock news from Investorideas.com Newswire and RenewableEnergyStocks.com  - Solar Integrated Roofing Corp. (OTC: SIRC), an integrated, single-source solar power, roofing systems installation and EV charging company, today announced the appointment of Gregory Craig, a veteran entrepreneur, advisor and energy industry veteran, to the Board of Directors.

 

Read this news, featuring SIRC in full at https://www.investorideas.com/news/2022/renewable-energy/02241SIRC-Gregory-Craig.asp

 

Gregory Craig is a 30-year US energy industry veteran and noted entrepreneur. Mr. Craig conceived, launched, and helmed wholesale energy trader Cook Inlet Energy, growing it to over $3 billion in US revenue, ultimately selling it to Macquarie Bank to form their US wholesale operations. He went on to lead a successful business turnaround as Chairman and CEO of publicly traded US Retailer Commerce Energy. Most recently, Mr. Craig was Co-Founder, CEO, and Board Member of Griddy Energy, a disruptive tech-based energy retailer and first to market with an app-driven, real-time wholesale, subscription-based model for retail electricity. Additionally, Mr. Craig served as CEO of Star Energy Partners, an East Coast residential electric provider. Mr. Craig was selected to advise several US Energy Secretaries and was a Presidential Appointee and 3-year advisor to US President Bill Clinton.

 

Mr. Craig has been Chairman of the Board of the Price Center for Entrepreneurship and Innovation at UCLA Anderson for over 10 years where he is "Entrepreneur-in-Residence” and is also a member of the Executive Committee of the Board of Junior Achievement.

 

“We are privileged to welcome Greg to the Board as an independent Director, bringing significant knowledge on building large scale, profitable energy companies,” said David Massey, Chief Executive Officer of Solar Integrated Roofing. “Greg joins us at an opportune time as we enter a new phase of significant expansion of our business. His industry-leading experience in the energy space closely align with our goals and objectives for SIRC and I believe he will prove to be an invaluable asset as we uplist to a national exchange.

 

“Given the rapid pace of our acquisitions and partnerships – paired with robust organic sales growth, Greg’s strategic guidance will help us to build on our momentum and accomplishments as a prominent national brand. His proven leadership experience with fast-scaling energy companies will add relevant depth and perspective to our governance structure as we accelerate our expansion,” concluded Massey.

 

About Solar Integrated Roofing Corp.

Solar Integrated Roofing Corp. (OTC:SIRC), is an integrated, single-source solar power, roofing systems installation and EV charging company specializing in commercial and residential properties throughout the United States. The Company serves communities by delivering the best experience through constant innovation & legacy-focused leadership. The Company's broad array of solutions include sales and installation of solar energy systems, battery backup and electric vehicle (EV) charging stations to roofing, HVAC and related electrical contracting work. For more information, please visit the Company's website at www.solarintegratedroofing.com.

 

Forward-Looking Statements

Any statements made in this press release which are not historical facts contain certain forward-looking statements; as such term is defined in the Private Security Litigation Reform Act of 1995, concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update the information contained in any forward-looking statement. This press release shall not be deemed a general solicitation.

 

Investor Relations Contact:
Lucas A. Zimmerman
Director
MZ North America
Main: 949-259-4987
SIRC@mzgroup.us
www.mzgroup.us

 

Paid News -Disclaimer/Disclosure: . Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure : this news release featuring SIRC is a paid for news release on Investorideas.com  More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com

Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

 

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Sign up for free stock news alerts at Investorideas.com

https://www.investorideas.com/Resources/Newsletter.asp

 

Investors can trade these stocks and other ideas on our site using our list of top stock trading apps including Robinhood, Acorn, Stash and others. 

 


RenewableEnergyStocks.com
: investing ideas in renewable energy stocks - solar, wind, batteries and more - Environmental, social and governance (ESG) investing tools

Like Renewable Energy Stocks? View our Renewable Energy Stocks Directory 

 Get News Alerts on Renewable Energy Stocks  

Wednesday, February 23, 2022

#Solar #Stocks in the Headlines: Solar Integrated Roofing Corp. (OTC: $SIRC) Secures $45 Million Co-Development Agreement for Georgia School Solar Projects; @SIRCStock

#Solar #Stocks in the Headlines: Solar Integrated Roofing Corp. (OTC: $SIRC) Secures $45 Million Co-Development Agreement for Georgia School Solar Projects; @SIRCStock

 

EL CAJON, CA / February 23, 2022 / Solar stock news from Investorideas.com Newswire and RenewableEnergyStocks.com  - Solar Integrated Roofing Corp. (OTC: SIRC),  an integrated, single-source solar power, roofing systems installation and EV charging company, has secured a co-development agreement with Lux Power for the installation of 17 solar projects at private high schools across the state of Georgia.

 

Read this news, featuring SIRC in full at https://www.investorideas.com/news/2022/renewable-energy/02231Solar-Integrated-Roofing-Georgia-School.asp

 

The projects in aggregate total 17 Megawatts of solar capacity with a contract value exceeding $45 million. SIRC subsidiary USA Solar Networks will manage construction, the structuring of capital solutions and facilitate all materials procurement for these projects.

 

Pablo Diaz, President of Solar Integrated Roofing Corp., said: “This contract represents a significant project win not only for our company and valued shareholders – but for the schools themselves. As the son of a former principal, I know how many educational institutions often face budget shortfalls. This project is expected to save hundreds of thousands of dollars per year for each school, allowing necessary funds to better contribute to an improved educational experience. In addition, we will partner with the schools to enable their solar installations to serve as an invaluable educational tool, promoting the importance of sustainability and green energy.”

 

David Massey, CEO of Solar Integrated Roofing Corp., concluded: “This is yet another example of how our projects make a real world impact for the better – a firm testament to the impact we have on our local communities. We look forward to working with the Lux Power team to make these projects a reality, providing value for all stakeholders.”

 

About Solar Integrated Roofing Corp.

Solar Integrated Roofing Corp. (OTC:SIRC), is an integrated, single-source solar power, roofing systems installation and EV charging company specializing in commercial and residential properties throughout the United States. The Company serves communities by delivering the best experience through constant innovation & legacy-focused leadership. The Company's broad array of solutions include sales and installation of solar energy systems, battery backup and electric vehicle (EV) charging stations to roofing, HVAC and related electrical contracting work. For more information, please visit the Company's website at www.solarintegratedroofing.com.

 

Forward-Looking Statements

Any statements made in this press release which are not historical facts contain certain forward-looking statements; as such term is defined in the Private Security Litigation Reform Act of 1995, concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update the information contained in any forward-looking statement. This press release shall not be deemed a general solicitation.

 

Investor Relations Contact:
Lucas A. Zimmerman
Director
MZ North America
Main: 949-259-4987
SIRC@mzgroup.us
www.mzgroup.us

 

Paid News -Disclaimer/Disclosure: . Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure : this news release featuring SIRC is a paid for news release on Investorideas.com  More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com

Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

 

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Sign up for free stock news alerts at Investorideas.com

https://www.investorideas.com/Resources/Newsletter.asp

 

Investors can trade these stocks and other ideas on our site using our list of top stock trading apps including Robinhood, Acorn, Stash and others. 

 

RenewableEnergyStocks.com: investing ideas in renewable energy stocks - solar, wind, batteries and more - Environmental, social and governance (ESG) investing tools

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Tuesday, February 22, 2022

#RenewableEnergy #Stock News- Solar Integrated Roofing Corp. (OTC: $SIRC) Secures $45 Million Co-Development Agreement for Georgia School #Solar Projects; @SIRCStock

#RenewableEnergy #Stock News- Solar Integrated Roofing Corp.  (OTC: $SIRC) Secures $45 Million Co-Development Agreement for Georgia School #Solar Projects; @SIRCStock

 

SIRC Subsidiary USA Solar Networks to Manage Construction, Capital Structuring and Materials Procurement Spanning 17 High School Solar Installations

 


EL CAJON, CA / February 22, 2022 /
Solar stock news from Investorideas.com Newswire and RenewableEnergyStocks.com  - Solar Integrated Roofing Corp. (OTC: SIRC),  an integrated, single-source solar power, roofing systems installation and EV charging company, has secured a co-development agreement with Lux Power for the installation of 17 solar projects at private high schools across the state of Georgia.

 

Read this news, featuring SIRC in full at https://www.investorideas.com/news/2022/renewable-energy/02221SIRC-Georgia-School-Solar-Projects.asp

 

The projects in aggregate total 17 Megawatts of solar capacity with a contract value exceeding $45 million. SIRC subsidiary USA Solar Networks will manage construction, the structuring of capital solutions and facilitate all materials procurement for these projects.

 

Pablo Diaz, President of Solar Integrated Roofing Corp., said: “This contract represents a significant project win not only for our company and valued shareholders – but for the schools themselves. As the son of a former principal, I know how many educational institutions often face budget shortfalls. This project is expected to save hundreds of thousands of dollars per year for each school, allowing necessary funds to better contribute to an improved educational experience. In addition, we will partner with the schools to enable their solar installations to serve as an invaluable educational tool, promoting the importance of sustainability and green energy.”

 

David Massey, CEO of Solar Integrated Roofing Corp., concluded: “This is yet another example of how our projects make a real world impact for the better – a firm testament to the impact we have on our local communities. We look forward to working with the Lux Power team to make these projects a reality, providing value for all stakeholders.”

 

About Solar Integrated Roofing Corp.

Solar Integrated Roofing Corp. (OTC:SIRC), is an integrated, single-source solar power, roofing systems installation and EV charging company specializing in commercial and residential properties throughout the United States. The Company serves communities by delivering the best experience through constant innovation & legacy-focused leadership. The Company's broad array of solutions include sales and installation of solar energy systems, battery backup and electric vehicle (EV) charging stations to roofing, HVAC and related electrical contracting work. For more information, please visit the Company's website at www.solarintegratedroofing.com.

 

Forward-Looking Statements

Any statements made in this press release which are not historical facts contain certain forward-looking statements; as such term is defined in the Private Security Litigation Reform Act of 1995, concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update the information contained in any forward-looking statement. This press release shall not be deemed a general solicitation.

 

Investor Relations Contact:
Lucas A. Zimmerman
Director
MZ North America
Main: 949-259-4987
SIRC@mzgroup.us
www.mzgroup.us

 

Paid News -Disclaimer/Disclosure: . Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure : this news release featuring SIRC is a paid for news release on Investorideas.com  More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com

Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

 

About Investorideas.com and http://www.renewableenergystocks.com/

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Sign up for free stock news alerts at Investorideas.com

https://www.investorideas.com/Resources/Newsletter.asp

 

Investors can trade these stocks and other ideas on our site using our list of top stock trading apps including Robinhood, Acorn, Stash and others. 


RenewableEnergyStocks.com
: investing ideas in renewable energy stocks - solar, wind, batteries and more - Environmental, social and governance (ESG) investing tools

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 Get News Alerts on Renewable Energy Stocks  

Thursday, February 10, 2022

#GreenerCars and #Battery #Stocks in the Headlines: (TSXV: $NBM.V) (OTC: $NBMFF) (NYSE: $F) (NASDAQ: $RIVN) (NASDAQ: $TSLA) (OTC: $VWAGY) @neo_battery @Ford @Rivian @Tesla @VW

#GreenerCars and #Battery #Stocks in the Headlines: (TSXV: $NBM.V) (OTC: $NBMFF) (NYSE: $F) (NASDAQ: $RIVN) (NASDAQ: $TSLA) (OTC: $VWAGY) @neo_battery @Ford @Rivian @Tesla @VW

 

Vancouver, Kelowna, Delta, BC – February 10, 2022 - Investorideas.com, a leading investor news resource covering EV and battery technology stocks releases a special report featuring NEO Battery Materials Ltd. (TSXV: NBM) (OTC: NBMFF), a Vancouver-based company focused on battery materials.

 

Read this article, featuring Neo Battery in full at https://www.investorideas.com/news/2022/renewable-energy/02101Greener-Cars-Battery.asp

 

As we move forward in 2022, the market is seeing a string of positive financials from EV manufacturers and battery producers which, combined with Government grants and new innovations, is bolstering institutional investor sentiment.

 

This is further solidifying the EV sector as a growth category that is here to stay.

NEO Battery Materials Ltd. (TSXV: NBM) (OTCQB: NBMFFrecently shared a January corporate update regarding the Company’s commercialization development of its proprietary silicon anode materials for electric vehicle lithium-ion battery applications.

 

As per the news release dated January 24, 2022, NEO Battery Materials Korea Co., Ltd,a wholly-owned subsidiary of NEO, had received final approval by Gyeonggi-do’s Provincial Government and the Foreign Investment Review Board for the usage of 106,700 square feet or approximately 2.5 acreages of land to construct NEO’s Silicon Anode Commercial Plant. The facility will be located within an industrial complex designated as a Foreign Investment Zone by the Province.

 

The Company has undergone a strict due diligence process with the Province to qualify as a foreign investment company and may access various tax incentives and provincial financial support for equipment purchases, employment subsidies, and favorable lease rates for the facility. NBM Korea has received a long-term agreement for the site usage from the Province for the first 10 years with an option to extend up to 50 years. NEO has furthermore submitted an intention to append another lot of 106,700 square feet for further expansion, but the Company will not have to undergo an additional review process to secure the additional land.

 

On August 31, 2021, the Company announced the strategic decision to upscale the originally planned pilot plant to a semi-commercial scale facility, effectively increasing production capacity by 12-folds from 10 tons to 120 tons per annum. Most recently, with the final site approval, NEO has additionally doubled the initial target annual silicon anode production capacity to 240 tons on the same mass-production lines and has consequently renamed the semi-commercial plant into a commercial-scale plant facility to accommodate for industry capacity standards. The full-fledged facility, after installing the maximum number of mass-production lines through expansion, will have the capacity to manufacture 2,000 tons of NBMSiDE per year.

 

The commercial-scale expansion can be attributed to a more lean and optimized manufacturing method with cost efficiencies to be realized through converting into a continuous process compared to a batch process. With a 5% loading of NEO’s silicon into the anode material of the lithium-ion battery, which implies a 19-to-1 ratio between graphite and silicon, the initial capacity of the commercial plant will be able to supply to 160,000 electric vehicles.

 

Moreover, NEO has initiated the architecture and design process of the plant and has currently received proposals from multiple architect offices in South Korea. The Company, concurrently, has been negotiating with a third-party for the EPC (Engineering, Procurement, and Construction) contract to both facilitate and accelerate the commercialization process as a turn-key basis.

 

NEO has also shipped NBMSiDE samples to 3 parties in January and is preparing to supply additional NBMSiDE products with the same parties in February as mutually agreed. Simultaneously, work is underway to target the initial operation of NBM Korea’s R&D Scale-Up Centre at Yonsei University by the second week of March. Upon commissioning the Centre, NEO will possess an increased output capability to better prepare the 3 prototype products, NBMSiDE-P100, NBMSiDE-P200, and NBMSiDE-C100, and provide continuous samples to any demands from NDA counterparties and incoming new parties.

 

The Company also shipped NBMSiDE samples to a third-party institution in South Korea for evaluation testing and performance validation. The institution will be executing a full breadth of tests with stacked pouch cells by applying NBMSiDE to their standardized cell manufacturing process.

 

Mr. Spencer Huh, President and CEO of NEO said, “At NEO, we retain the obligation to remain transparent through our commercialization developments and to provide necessary updates that we deem as significant to the progress of the Company. We are now planning to schedule webinars regularly to enhance our communication with shareholders and the global investment community.” 

 

A recent news article discussed Morgan Stanley’s position on the EV space, specifically its attention to Rivian Automotive Inc. (NASDAQ: RIVN) when Morgan Stanley asked its customers this question: "RIVN ($60bn) or LCID ($50bn): What Would You Rather Own Right Now?"

 

The response from the investment bank's clients was equally as clear. By a margin of 87% to 13%, the 46 big Morgan Stanley clients answering the survey voted that they would rather own Rivian stock than Lucid Motors.

 

Why do Morgan Stanley clients prefer Rivian? Here are just a few of the responses tendered:

"I think Lucid aims to compete in the luxury sedan segment, which has a small TAM and big competitors including Tesla."

 

In contrast, "Rivian R1s do not yet face Tesla competition, particularly as Cybertruck is delayed."

"RIVN ... the Company has real products that are actually moving down the production line, whereas LCID doesn't have full scale delivery capabilities at this point in time. Add in the investments from AMZN/F ... it's hard to ignore."

 

And "RIVN ... because of the Amazon order and the support they are getting."

 

From the article: Granted, the voting was not unanimous, and as Morgan Stanley analyst Adam Jonas observed, "the market appears to be making the case that LCID can scale its award-winning Air into new segments and far lower price points to achieve many hundreds of thousands or potentially millions of units of EVs at some point in the future." When combined with the belief (voiced by some Morgan Stanley customers surveyed) that "LCID tech is better" than Rivian's, there's actually the potential for both these stocks to outperform over time.

 

Zack’s article published, “Investors should also note any recent changes to analyst estimates for Rivian Automotive, Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.”

 

Last week it was announced that Volkswagen AG (OTC:VWAGY) (XETRA:VOW3.DE) will be able to build 1 million electric vehicles a year in China in 2023 according to CEO of the Volkswagen Passenger Cars brand, Ralf Brandstaetter, boosted by a new plant in Anhui province.

 

The plant, a joint venture with China's Anhui Jianghuai Automobile Co (JAC) first announced in 2019, is set to produce 300,000 electric cars a year, with production starting in 2023.

 

“Together with production from two further joint venture plants - one with FAW Group, and one with SAIC Motor - this should bring total capacity to the 1 million mark,” Brandstaetter said.

Volkswagen was not immediately available for comment.

 

The German automaker sold 70,625 of its ID electric vehicles in China last year, missing its goal of selling 80,000 to 100,000 cars, with production also affected by regional COVID-19 outbreaks in addition to chip-related issues.

 

"In the past, our approach was to develop in Germany and localize in China," he was quoted as saying. "But this approach will be changed significantly by setting up more local resources for R&D, especially for software, to be faster, to be more independent in China."

 

While some companies are finding innovative pathways to deal with the chip and battery shortage, major EV manufacturer Tesla Inc. (NASDAQ: TSLAwas reported to have decided to remove one of the two electronic control units included in the steering racks of some made-in-China Model 3 and Model Y cars to meet fourth-quarter sales goals while coping with global chip shortage.

 

The electric-car maker did not disclose the exclusion, which already affected tens of thousands of vehicles being shipped to customers in China, Australia, the United Kingdom, Germany and other parts of Europe, the report said, citing two employees and an internal correspondence.

 

Tesla decided against notifying customers as the part is considered a redundant backup and was not needed for the level 2 driver-assistance features, the report said, adding it was not clear if Tesla would make similar changes to the cars built in or shipped to the United States.

Tesla has fared better than most automakers in managing supply chain issues by using less scarce chips and quickly re-writing software.

 

It expects chip shortages to last through this year before easing next year. Chief Executive Elon Musk told an earnings call last month the shortage was not a long-term issue, with factories increasing capacity and automakers guilty of panic buying of chips which slowed the supply chain.

 

Also last week, Ford Motor Company (NYSE: Fannounced solid fourth-quarter and full-year operating results for 2021 despite persistent supply chain disruptions – a year the company said is most notable for rapid progress carrying out the ambitious Ford+ plan for growth and value creation, and establishing itself as a leader in must-have connected, electric vehicles.

 

“Financial performance is obviously critical,” said President and CEO, Jim Farley. “We’re also proud that customers see how Ford is taking EVs mainstream, and have already ordered or reserved more than 275,000 all-electric Mustang Mach-E SUVs, F-150 Lightning pickups and E-Transit commercial vehicles – and we’re breaking constraints to deliver every one of them as fast as we can.”

 

Customers made Ford the No. 2 seller of electric vehicles in the U.S. in 2021, what Farley called “an important early step toward eventually being the true EV leader.” Earlier, he said that the company will double worldwide EV manufacturing capacity to at least 600,000 by 2023 – and for fully electric vehicles to represent at least 40% of its product mix by 2030.

 

“Our team did a fantastic job working with partners to maximize component availability,” said John Lawler, Ford’s CFO. “We allocated those volumes to in-demand new vehicles like the Bronco (SUV) and Maverick (small pickup), profitable models like F-Series (trucks) and Transit, and customer orders.”

 

For example, Ford worked with LG Energy Solution to improve battery supply for the Mustang Mach-E, expanding capacity three times over the past 10 months. Benefits from those increases will continue to accrue – to more than double originally contracted volumes by 2023.

 

As more institutional attention is paid to this sector we can see the EV space, and subsequently the battery and semiconductor industries poised to continue to snowball momentum in 2022 and into 2023.

 

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