A Differentiated and Compelling Investment Opportunity
Market Capitalization / Volume Benchmarking
Market Capitalization at IPO / Announcement versus Current
Recent Electric Vehicle SPACS
$17.00
$14.86
$23.66
Recent Battery SPACS
$1,043,775
Electric Vehicle OEMs
$109,434
$48,632
ぶ
$32,131
$21,263
ΝΑ NA
Faraday Future
$2,448 $4,420
$2,940 $4,916
$1,640 $4,282
$4,476
$1,334 $2,685
$7,127
$8,956
$7,778
$1,503
Canoo
Fisker
Lordstown
Quantum Scape
Romeo
Tesla
ΝΙΟ
Xpeng
Li Auto
@ IPO /
Announcement
Current
Unit Volumes at IPO / Announcement versus Current
(Units in thousands)
|
Recent Electric Vehicle SPACS
Recent Battery SPACS
Electric Vehicle OEMs
I
491.0
12 months to
start of sales
Faraday Future
18 months to
start of sales
24 months to
start of sales
9 months to
start of sales
Canoo
Fisker
Lordstown
4 years to
start of sales
Quantum Scape
NA
43.1
0.5
11.0
21.8 24.1
30.0
29.7
Romeo
Tesla
ΝΙΟ
Xpeng
Li Auto
Excluding Tesla, market volumes for electric vehicles remain relatively low today
Source:
Note:
Companyfilings, investor presentations, Wall Street Research and FactSet as of 01/22/2021.
Assumptions used to calculate market capitalization at announcement:
Faraday Future: share price $10, 303.4mm shares outstanding.
Fisker: share price $10, 294mm shares outstanding.
Lordstown: share price $10, 164mm shares outstanding.
Quantum Scape: share price $10,447.6mm shares outstanding.
Canoo: share price $10,244.8mm shares outstanding.
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