Interest is dead In here.
Was digging on the Worksport news of a $70mm OEM deal.

https://ih.advfn.com/stock-market/USOTC/worksport-qb-WKSP/stock-news/83193594/current-report-filing-8-k

From the digital crumps, looks like to me it’s Karma Automotive
Wanxiang bought the dead bones of Fisker EV Company. Fisker died because they could not source batteries for their EV thing.
Fisker took the name and went on to try again.
Karma Automitive bought the factory in California and has a kick ass super car line up Hitting the sector.
Ferrari’s designers at Pininfarina have created one hot looking car. It’s a cool relationship that has marketing appeal.,

https://www.autoweek.com/news/green-cars/a1714891/karma-and-pininfarina-are-teaming-make-hopefully-beautiful-electric-cars/

Wanxiang also purchased A123 battery Company that was also on the skids.
https://www.sharecast.com/equity/A123_Systems_Inc

Now what is fun, we got Worksport tonnue covers breaking into the solar power tonnue cover for pick up. First to market with a launch last week and already getting great eyes from the EV sector with their Terravis Line.
I’m talking Atlis, Ford and even attention from Elon Musk. The entire EV thing is on fire.
Worksport is going to gain many OEM deals.

https://www.goterravis.com/

Worksport dropped this nugget



So we have a $70mm OEM contract being inked with an EV truck company, made in the USA and designed by Pininfarina.
Only one I can find is Karma.

https://www.karmaautomotive.com/#tomorrow

https://www.google.com/amp/s/www.caranddriver.com/news/amp30691202/karma-automotive-electric-truck-teaser/

This is PR gold for Worksport. A .30 stock with a loyal group of long shareholders. OTCQB on a 20-25mm float

We know the tonnue cover market is $1.5B a year! and owned by two large corporations, TAG and Truck Hero. These two have bought up all the competition years ago. All the big names we grew up with.
Then comes Worksport with a fresh innovative competitively priced covers. They are just chewing into that $1.5B
WS is enjoying building their own Brand of covers and killing it on The private label contracts side. Taking profits off the top of the big Two.
Then comes the Solar power thing. It can be used for the EV and NonEV pick up. Hot looking cover too.

I came in looking for info on Wanxiang.
What kind of $$$$$ backing they have.
$45-15Billion

Any info on the A123 battery thingy. Battery technology will be the make or break from any EV
Tesla didn’t buy Naxwell technology because it was a good investment. They want a better battery. The Lithium Ion is not going to cut it.,solid state and ultra capacitors is the future.

We start to see 15min full recharge times, good bye gas cars.,
Technology is just not there yet. It’s good and doable, but it’s got to get better..

So I’m hot on Worksport been buying it like a drunken Sailor.

CEO Steven Rossi hinting on Twitter we might see more news. On what? No one knows
I think more on this deal.
I hope they name Karma and a location for the solar cover factory in Mi.

If MMs leave it alone, it might hit .75+

repost from yahoo:


A Tipping Point
By gogotron2 . Oct 29, 2012 8:00 AM . Permalink

Wanxiang has successfully negotiated with CFIUS for years. They are effectively a conglomerate of US cast-off cos. When they asked CFIUS how to buy AONE, they were told "Don't buy the Military &
Govt. product lines & allow US stockholders to participate so it will be a Chinese/US joint venture".

So they brought in JCI & gave them the Military & Govt. lines at a discount. The BK was voluntary so the 3 cos have kept control, effectively making it a prepackaged deal co-authored with the arbitrators There will be twists & turns - that's the nature of the process - and some creditors will be squeezed out because of the BK, but most creditors & stockholders should be OK.

Shorts will be hurt but there's not that many any more.

Wanx has gone from -0- to a billion dollars in revenue in one generation mostly in a commie country.
The founder is still alive & kicking & his son in law runs the US ops - be good to invest with them on general principals.

They probably will get less then 80% control but will get more then 50% & will have to produce in the MI facilities for 8 to 10 years under extremely heavy penalties, but most US cars have the "stop/start or crossover" batteries designed in the '14s & '15s as a gas saving option anyway, so that's no problem.

Most stocks sell on expectations, not book value. Most funds budget in losses as a statistical mandate in their business model. When they see a stock with a down-side of a quarter and an upside of 10 to 20 dollars, it exceeds their best expectations. Unlike individuals, they are less time orientated...as long as it goes up some every year, they're in good shape as that's their business.

As long as Bk is out of the way, which it appears to be, this stock is like buying a call option with an infinite expiration date. Like the movie "The Endless Summer", this is a call option with an endless expiation date & is extremely undervalued, IMO.

Sentiment: Buy

http://www.reuters.com/article/2012/10/26/a123-bankruptcy-johnson-wanxiang-idUSL1E8LQEVA20121026?feedType=RSS&feedName=bankruptcyNews&rpc=43

I agree in the end we all have to work together. That's when we can break through as a world community. And they are seeing the power of a free market and we are seeing the power of a strong labor force. Its a good time to make friends with the Chinese, they are profitable unlike us and don't have 35% of their population sitting on the sidelines collecting "unemployment".

The Chinese always take good ideas and make them affordable to the masses hell if they buy them out and promise to allow us the rights to buy for gov purposes I don't see anything wrong we still should be able to use the batteries if we allow them to buy it out!!!

Let's hope the u lets our Chinese friends buy this