Top Tip 2021. EV play26 Dec 2020 17:38
Here’s why this will be big.
The contract this company has signed with Arrival is nuts .....read this info ...
Arrival, the company creating electric vehicles (“EVs”) with its game-changing technologies, has entered into a definitive business combination agreement with CIIG Merger Corp. (NASDAQ: CIIC); and the newly combined company will be listed on the NASDAQ under the new ticker symbol “ARVL”
The transaction values the combined company at an enterprise value of US $5.4 billion and is expected to provide approximately US $660 million in gross cash proceeds to the Company. As part of the transaction, CIIG raised a US $400 million fully committed common stock PIPE that was anchored by Fidelity Management & Research Company LLC, Wellington Management, BNP Paribas Asset Management Energy Transition Fund, and funds and accounts managed by BlackRock
Arrival is producing EVs competitive in price with fossil fuel alternatives and substantially lower than comparable EVs
Arrival has developed a new method of designing and producing zero-emission vehicles using its proprietary hardware, software and robotics technologies and low cost Microfactories
Arrival has signed contracts with total order value up to US $1.2 billion and its first products are planned for production in Q4 2021
Arrival has previously received investment from strategic partners Hyundai, Kia, UPS, Winter Capital, and funds and accounts managed by BlackRock
I think the above shows that we needed more factory space .... Arrival will cause twd to explode and there’s so many more co tracts coming our way.
Boom comes to mind.