The #EV Wave Continues: #Stocks to Watch (TSXV: $NBM.V) (OTC:
$NBMFF)
(NYSE: $F) (NASDAQ: $RIVN) (NASDAQ: $TSLA) (OTC:
$VWAGY) @neo_battery @Ford @Rivian @Tesla
@VW
Positive Financials, Government Grants and #BatterySolutions
Drive Institutional #Investing
Vancouver, Kelowna, Delta, BC – February 9, 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/02091EV-Stocks.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:
NBMFF) recently 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.
A 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: TSLA) was
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: F) announced 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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