Recent trip to Taiwan

Aptera Community Solar EV Industry News Recent trip to Taiwan

Aptera Community Solar EV Industry News Recent trip to Taiwan

  • Recent trip to Taiwan

  • Christopher Barrett

    Member
    August 8, 2022 at 7:18 am

    If arrangement are being made for a second generation of batteries, and a possible second assemble plant for the Pacific marketplace. I would think that it would warrant an announcement to the world. Maybe, if a deal in which shares in Aptera were issued to cement things, in might become complicated, as lawyers need to figure out how to say it. Not understanding why, the delay in information flow. Past Aptera has always been pretty open about the way things are going. Any thoughts?

    • This discussion was modified 1 week, 5 days ago by  bbelcamino.
  • Peter Dezendorf

    Member
    August 8, 2022 at 7:43 am

    I hope Aptera management is taking into consideration the Inflation Reduction Act requirements for a vehicle to be subject to the tax credit.

    • Paul Carlucci

      Member
      August 8, 2022 at 2:00 pm

      Christopher, Aptera isn’t eligible for any credits under the Inflation Reduction Act due to not having a forth wheel so the battery origin issue is moot. Taiwanese production is interesting because they may have to pivot from the US and almost solely focus on EU and Asia for sales. Start production in California and fine tune with local customers before moving to export mode. In the beginning other companies will have a hard time reaching the full credit, but eventually Aptera will be at too great a disadvantage to compete in the domestic market due to the credit disparity being amplified due to aiming at the most price sensitive portion of the market.

    • John Malcom

      Member
      August 8, 2022 at 2:29 pm

      Aptera is not qualified under two criteria, no fourth wheel and battery material origin. Doubtful the House review will change any of that. GM is complaining about the battery material criteria. None of their EVs will qualify because of the bacterial criteria. Looks like Feels is the only EV manufacturer that will qualify under both criteria.

  • Joshua Rosen

    Member
    August 8, 2022 at 8:04 am

    I’ve put forth the theory that Aptera was looking for an investment from Formosa Plastics and that they didn’t get it. Others have suggested that the talks might still be ongoing which is why Aptera hasn’t made an announcement yet.

    The second generation batteries won’t be coming from Formosa AdvEnergy. They were incorporated last month and they’ve been capitalized to the tune of US$230M. That’s enough money for them to start development, it’s not enough to build a battery plant. As a data point the GM/LG joint venture has just received a $2.5B loan to build three battery plants. LG already knows how to build batteries and they already have multiple plants, when they say they are going to build a plant it’s just a matter of building the plants. Formosa AdvEnergy has to learn how to manufacture a battery first. One final datapoint, Tesla announced the 4680 two years ago. At the time they already had a pilot production line. They are just beginning to ship 4680s and it will take them another year before they are in full scale production. There was no mention of Formosa AdvEnergy already having a pilot line, unless they are as far along as Tesla was in 2020 there is zero chance they can be shipping commercial quantities in 2024.

    On another thread Qiang Fu helpfully translated the Chinese press release. Autosmart said they aren’t excluding the possibility of assembling Aptera’s in Asia, that’s a far cry from saying that they have any plans to do it.

    It’s been almost a week since the press release from AdvEnergy & Autosmart. If Aptera comes to an agreement that’s more substantial than what was already printed I’d expect a statement from them, otherwise I wouldn’t be surprised if they just drop the subject.

    • Christopher Barrett

      Member
      August 8, 2022 at 12:15 pm

      Maybe a deal is still being hatched, that may include them investing, either through building an assembly plant, or capital infusion. Looking back through the filings, the intent has always been to become a public company. They might be better served by remaining a private company a bit longer, and begin production, and grow from actual cash flow. Kind of unlike others who bleed money during startup phase. If they can come to market making a small profit, then shareholders will embrace them, but the market is very volatile now, and getting a decent deal now, might be hard. Canoo, looks shaky, Lordstown is an unknow, but largely the EV car makers have not had a good first half of the year for stock prices. Lucid has some big backers, and lots of cash, but aside from Tesla, very little product is being made, and companies outside of Chine are not yet making much money doing so. Aptera has to get the thing on the streets, the faster the better, as the economic outlook is on of contraction, in the near term.

  • Vernon Sinnott

    Member
    August 18, 2022 at 11:33 am
    • John Malcom

      Member
      August 18, 2022 at 12:59 pm

      Yep. Another “Promising” battery technology on the horizon. Will believe it is commercially viable when an EV producer puts it in their vehicles.

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