The electric vehicle boom is only accelerating. In fact, according to NBC News, “The auto industry is shifting from internal combustion technology to emissions-free battery and hydrogen powertrains. Several traditional brands have also committed to a complete transition, with Bentley recently laying out a target date of 2030 to switch entirely to battery-electric vehicles, or BEVs. Nissan this week said it will electrify all models by the ‘early 2030s,’ but that will include gas-electric hybrids as well as BEVs.” Plus, as governments all over the world go green, leaders want millions of electric vehicles on the roads as of yesterday. Even better, analysts tell us that by 2030, the world will see 125 million EVs on the road, as noted by CNBC. All could be substantial news for companies, such as Datametrex AI Limited (TSXV: DM) (OTCQB: DTMXF), Tesla Inc. (NASDAQ: TSLA), General Motors Co. (NYSE: GM), Ford Motor Company (NYSE: F), and Nio Inc. (NYSE: NIO).
Look at Datametrex AI Limited (TSXV: DM) (OTCQB: DTMXF), For Example
Datametrex AI Limited announced that its wholly-owned subsidiary, Datametrex Electric Vehicle Solutions, has partnered with real estate developers and commercial landlords in B.C. and secured seven (7) commercial properties such as commercial retail plazas, multi residence apartments and golf clubs to install its EV charging platforms. The Company has commenced its first deployment of charging stations at a commercial plaza in North Vancouver with plans to expand EV further into the commercial and real estate space in Canada. This partnership will generate significant growth and SaaS revenue growth for the Company.
The Company’s focus has been on eliminating range anxiety, so drivers feel comfortable in their electric vehicles (EV). Expanding operations into the deployment of installing smart EV charging platforms across Canada, along with its upcoming mobile charging vehicles, will expedite bringing EVs to everyone.
DM EVS is now eligible for the following two (2) important programs:
1) EV incentives with Green Economy Canada’s EV Charger Incentive Program, which allows 50% refunds for installing EV charging platforms.
2) The Federal and Provincial EV Charger Rebate Program which includes the Green Energy Credit (GEC) as the Company is making headway in improving fossil fuel emissions and using green energy to help cut Canada’s carbon pollution. (Source: https://greeneconomy.ca/evchargerincentive/)
The latest data reports that some of the largest car manufacturers, such as Polestar, reported a 125% increase in electric car sales (Source: https://electrek.co/2022/07/13/polestar-reports-125-increase-electric-car-sales-quiet-success-ev-space/).
Hyundai and Genesis EV car sales also ramp up and improve over 30% in June 2022. (Source: https://insideevs.com/news/597981/hyundai-plugin-car-wholesale-shipments-june2022/) With EV sales soaring, the market for EV charging stations is a necessity. The Company is confident in the choice to expand EV operations as the latest Canadian data shows growth in the Canadian EV charging network rapidly increasing with fast charger installations up 39%. (Source: https://electricautonomy.ca/2022/03/31/canadas-public-charging-networks-2021/)
“With Canadian and the US initiatives being put in place to grow the EV market and install more charging stations to help cut carbon pollution, it was a no-brainer to expand DM EVS from roadside assistance to also providing charging stations for EV drivers. Building a recharging environment to provide EV solutions to all is a priority, and this is the first step!” said Marshall Gunter, CEO of the Company.
“We are pleased to have established a partnership with real estate developers. This partnership allows the Company to build a strong, fast, and secure charging platform for all-electric vehicles. This will be a great SaaS model for the Company’s revenue, which will boost shareholder value”, said Gregory Lee, President of DM EVS.
Other related developments from around the markets include:
Tesla Inc. just reported, “In the second quarter, we produced over 258,000 vehicles and delivered over 254,000 vehicles, despite ongoing supply chain challenges and factory shutdowns beyond our control. June 2022 was the highest vehicle production month in Tesla’s history. Tesla will post its financial results for the second quarter of 2022 after market close on Wednesday, July 20, 2022. At that time, Tesla will issue a brief advisory containing a link to the Q2 2022 update, which will be available on Tesla’s Investor Relations website. Tesla management will hold a live question and answer webcast that day at 4:30 p.m. Central Time (5:30 p.m. Eastern Time) to discuss the Company’s financial and business results and outlook.”
General Motors Co. just announced, “To accelerate the widespread adoption of EVs, increase access to charging and help enable long-distance electric travel of people and vehicles across the U.S., GM and Pilot Company (Pilot and Flying J) are collaborating on a national DC fast charging network that will be installed, operated and maintained by EVgo through its eXtend offering. This project demonstrates how public and private entities can come together to build out the nation's charging infrastructure, particularly along American highways, connecting urban and rural communities, the East and West Coasts and different metropolitan areas. This network of 2,000 charging stalls, co-branded "Pilot Flying J" and "Ultium Charge 360", will be powered by EVgo eXtend and open to all EV brands at up to 500 Pilot and Flying J travel centers. GM customers will receive special benefits like exclusive reservations, discounts on charging, a streamlined charging process through Plug and Charge and integration into GM's vehicle brand apps providing real-time charger availability and help with route planning. This collaboration is expected to enhance America's EV driving experience.”
Ford Motor Company in Europe announced another important stride toward an all-electric future, confirming that it has chosen its plant in Valencia, Spain, as the preferred site to assemble vehicles based on a next-generation electric vehicle architecture. Pending product approval, the Valencia plant could produce breakthrough electric and connected vehicles beginning later this decade. Ford is also moving forward with a $2 billion conversion of its Cologne, Germany, operations to begin producing electric passenger vehicles starting in 2023. Ford’s European strategy calls for an exciting line-up of electric vehicles, including an electric version of the popular Ford Puma and extending its leadership in the commercial segment with electric Ford Pro vehicles and connected services. By 2026, Ford in Europe plans to sell 600,000 electric vehicles annually.
Nio Inc. announced its June and second quarter 2022 delivery results. NIO delivered 12,961 vehicles in June 2022, representing a strong increase of 60.3% year-over-year. The deliveries consisted of 8,612 premium smart electric SUVs, including 1,684 ES8s, 5,100 ES6s and 1,828 EC6s, and 4,349 ET7s, the Company’s flagship premium smart electric sedan. NIO delivered 25,059 vehicles in the second quarter of 2022, increasing by 14.4% year-over-year. Cumulative deliveries of NIO vehicles reached 217,897 as of June 30, 2022. On June 15, 2022, NIO unveiled the ES7, a brand new mid-large five-seater smart electric SUV. The ES7 is the first SUV product based on NIO Technology 2.0 (NT2.0), the latest technology platform of the Company. NIO also launched the 2022 ES8, ES6 and EC6 equipped with the upgraded digital cockpit domain controller and sensing suite, enhancing the computing and perception capabilities as well as digital experience of the vehicles. The Company expects to start deliveries of the ES7 and the 2022 ES8, ES6 and EC6 in August 2022.
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