Monday Stock Market Analysis Dance LordsTown WorkHorse NIO

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FTAC announced LOI PAYA Warrants Dumped Commons kinda just surfed sideways

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Merged with
GCM Grosvenor
Good Company
Sold as the market didn’t react to it

NIO announced massive amount of sales

  • NIO delivered 3,533 vehicles in July 2020, increasing by 322.1% year-over-year
  • NIO delivered 17,702 vehicles in 2020 in total, increasing by 111.3% year-over-year
  • Cumulative deliveries of ES8 and ES6 reached 49,615

SHANGHAI, China, Aug. 03, 2020 (GLOBE NEWSWIRE) — NIO Inc. (“NIO” or the “Company”) (NYSE: NIO), a pioneer in China’s premium smart electric vehicle market, today provided its July 2020 delivery results.

NIO delivered 3,533 vehicles in July 2020, representing a robust 322.1% growth year-over-year. The deliveries consisted of 2,610 ES6s, the Company’s 5-seater high-performance premium smart electric SUV, and 923 ES8s, the Company’s 6-seater and 7-seater flagship premium smart electric SUV. As of July 31, 2020, cumulative deliveries of the ES8 and the ES6 reached 49,615 vehicles, of which 17,702 were delivered in 2020.

On July 24, 2020, NIO announced the pre-subsidy price of the EC6, starting from RMB 368,000, and began taking production orders for the 5-seater premium smart electric coupe SUV. Its NEDC range of up to 615 kilometers with the 100 kWh battery pack, excellent driving experience, sporty and stylish design present a highly competitive model for a younger and broader user base. The EC6 deliveries will commence in September 2020.

“In July, we are pleased to have achieved the second-highest monthly delivery results despite the impact on productions due to a 5-day suspension of manufacturing to prepare for EC6 productions and other flood-related supply chain challenges,” said William Bin Li, founder, chairman, and chief executive officer of NIO. “More proudly, we have achieved a record-high monthly order growth, attributed to a stronger demand of the ES8 and ES6, together with the increasing EC6 orders, thanks to the continuous support of our users. We believe we will be able to increase our production capacity significantly to support higher deliveries in the third quarter of 2020.”

Steven Feng, chief financial officer of NIO, added, “NIO now offers three competitive high-performance smart electric SUV models to meet the diversified needs of users in the premium sector of the auto industry in China. We are very confident that the ES8, ES6, and EC6 are complementary to each other and will aggressively gain larger market shares from both ICE and electric vehicle market.”

Earnings August 11th

DPHC DiamondPeak LOI Announced LordsTown

Electric work vehicle maker Lordstown Motors Co. will become a public company, as it has agreed to be acquired by special purpose acquisition company (SPAC), or blank-check company DiamondPeak Holdings Corp. DPHC, 15.87% in a deal that implies a $1.6 billion equity value for Lordstown. That sent DiamondPeak’s stock soaring 17% in active premarket trading. Trading volume topped 790,000 shares, already more than the full-day average of about 110,000 shares. The combined company will remain listed on the Nasdaq exchange, but the ticker symbol will change to “RIDE” from “DPHC” when the deal is completed, which is expected in the fourth quarter of 2020. Lordstown’s flagship Endurance pickup truck has received more than 27,000 preorders, which represents more than $1.4 billion in potential revenue. DiamondPeak’s stock has been stable over the past year through Friday, as it has gained 4.3% while the S&P 500 SPX, 0.76% has advanced 11.6%.

WKHS does the technology behind the LordsTown Truck

Stephen S. Burns ( ex CEO of Lordstown,) is an American entrepreneur who founded Workhorse Group and is currently running Lordstown Motors Corporation.

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DPHC LOI Announced LordsTown

More WKHS does the technology behind the LordsTown Truck

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