Next week sees the Proactive team stage a first sustainable technology and electric vehicle-themed event, which promises to be fully charged with investor interest.
The electric vehicle (EV) market is hot and growing. Despite some slow-down (understandably) due to the coronavirus (COVID-19) pandemic, sales of such vehicles are expected to reach 45 million units a year by 2040, according to the latest research from Wood Mackenzie. That is a whopping 35 times the market's current size.
The COVID-19 threat, which of course, has posed a problem for the global automobile industry generally, may prove positive for electric vehicle (EV) adoption in the long-run, as people seek alternative modes of transport and future governments invest more in charging infrastructure.
Charging points are also expected to grow to 32.5 million residential and 5.4 million public outlets in the next decade, according to the same research.
Add in the buzz surrounding a giant like Tesla (NASDAQ:TSLA), which is building huge factories to make batteries for expected demand and calling for more nickel to be mined, and you see why the EV space is so hot.
Following the now familiar virtual webinar format, the Proactive event will be hosted by the group's Steve Darling live from Vancouver. Attending will be Ideanomics Inc (NASDAQ: IDEX), Envision Solar International Inc (NASDAQ:EVSI) and Nouveau Monde Graphite Inc (CVE:NOU).
It will start at 1pm EST on Wednesday September 9, 2020, and will feature presentations from the companies' management with participants then given the opportunity to put their questions to the presenters. To register please click HERE.
Rapidly expanding and Nasdaq-quoted Ideanomics is involved in various areas, notably monetizing the adoption of commercial electric vehicles and the associated energy consumption. CEO Alf Poor will be presenting the company next Wednesday.
The group's electric vehicle division called Mobile Energy Global (MEG) provides group purchasing discounts on commercial electric vehicle fleets, EV batteries and electricity as well as financing and charging solutions (S2F2C). Meanwhile, the Ideanomics Capital division provides fintech solutions that include intelligent and innovative financial services and solutions powered by AI and blockchain.
In its recently released second-quarter results, Ideanomics reported the largest revenue from MEG since starting electric vehicle sales - at US$4.7 million - largely driven by its Sales to Financing to Charging (S2F2C) business model.
Sustainable technology innovation
Meanwhile, San Diego-based Envision Solar International Inc describes itself as a sustainable technology innovation company.
The group invents, designs, patents and manufactures advanced renewably energized EV charging, outdoor media and energy security systems and CEO Desmond Wheatley will tell us more about the firm's products and strategy on Wednesday.
The group's EV ARC solution for charging all types of electric vehicles can be deployed in minutes, while its Solar Tree product is tailored more for medium and heavy-duty vehicles.
Thirdly, Christina Lalli, director of Investor Relations (IR), will outline what is going on at Nouveau Monde Graphite Inc, which is developing a graphite deposit 150 kilometres north of Montreal, Quebec.
Graphite is a vital component of for lithium-ion batteries used in electric vehicles.
Tesla, for example, Nouveau Monde notes, will need over 100,000 tonnes of graphite a year, when its Nevada gigafactory is operating at full pelt. Plus there are 39 battery megafactories under construction or being expanded currently in the world.
A feasibility study of the firm's Matawinie project showed high profitability with a projected production of 100,000 tonnes per year of graphite concentrate over 25.5 years.
Investors will hopefully be electrified by these interesting presentations.
Proactive is one of the fastest-growing financial media portals in the world, providing breaking news and analysis on companies across the globe. The company regularly organizes large investor events in London, New York, and Sydney.
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