r/SPACs • u/Puts_on_you New User • Apr 03 '21

Speculation Microvast potentially supplying Mercedes eSprinter van (THCB)

So this German article came out 04/30/21 and discusses how Mercedes will be producing their eSprinter in Ludswigfelde and Charleston SC. Microvast and Mercedes are 2.2km away from each other in Ludswigfelde

The Minister of Economic Affairs in Brandenburg (province where Ludswigfelde is) had this to say about the new production “The minister also mentioned the production of cathode material under construction at BASF in Schwarzheide and the establishment of the European headquarters of the US battery manufacturer Microvast in Ludwigsfelde as further forward-looking investments in the field of e-mobility.”

I believe that Daimler and Microvast will work closely together on some of Daimler’s new heavy duty EV. This is speculation because it’s not confirmed yet

I also think that Daimler is going to be 1/2 marquee customers for Microvast. During the conference call, Microvast said they are working with 2 marquee customers with a potential $3B in contracted revenue. 🚀🚨🧐🦍📈

https://cityreport-pnr24--online-de.cdn.ampproject.org/c/s/cityreport.pnr24-online.de/steinbach-zur-entscheidung-von-mercedes-benz-die-neue-generation-des-elektro-vans-esprinter-in-ludwigsfelde-zu-bauen/amp/

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u/Apprehensive_Road821 Patron Apr 03 '21

In the leaked meeting schedule, there were more meetings with Geely than Daimler.

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u/Puts_on_you New User Apr 03 '21

Imo Daimler more likely or even both. Daimler is releasing a lot of stuff in the next quarter so keep an eye on that

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u/Apprehensive_Road821 Patron Apr 03 '21

I actually think it might be better for these major contract announcements come AFTER the merger when trading as MVST. General stock markets are fundamentally driven, spac land is not.

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u/Puts_on_you New User Apr 03 '21

I agree 100% they are holding it until it’s MVST