Wanxiang (fka WANX)

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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+