Point Roberts, WA and Delta, BC - September 2, 2020 (Investorideas.com Newswire) 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.
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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
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