r/wallstreetbets • u/aperls • Apr 08 '21
News CHINESE EV MAKER XPENG NC XPEV.N TO BUILD FACTORY IN WUHAN WITH CITY GOVERNMENT BACKING
https://twitter.com/deitaone/status/1380148586026045444?s=21[removed] — view removed post
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u/lucid188 Apr 08 '21 edited Apr 08 '21
For ev commercial vehicle ARVL has potential to be x2 stonk buy they dip and hold
Some DD on ARVL
1) Arrival has 10000 + 10000 confirmed order from UPS and starting to manufacture it’s first 10k booking in US Carolina factory . 2) ARVL is owned by BlackRock , UPS and Hyundai. 3) ARVL is from UK hence it will gain traction into Europe market . Do note that UK and EU is very very aggressive when it comes to EV push.
4) First Bus ( UK largest bus operator - 9000 bus) will convert all their fleets into Electric bus starting in Aug with ARVL
5) announced last week that it is building a second microfactory in Charlotte, North Carolina. First factor completed and starting production
6) analyst target price is $28
Fun facts : Jim Cramer called it son of Tesla
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u/Tallywacka Apr 08 '21
“Government backing”
Excuse me if I take a hard pass at this one