what's happening is EV distributors who represent EV manufacturors are signing up with EVCA for when they have the dealerships up and running. That pretty much sums it up.
They've got Tazarri, Wheego, now Zoyte, and 2 more in the works.
One of the 2 in the works is likely BYD.
Ultimately, EVCA will take any EV car on its lot, but its going to sell pre owned hybrids as its main revenue for a while, and wait and see if EV takes off. If EV does take off then its a bonus.
The rev stream for EVCA is this: 1) Pre owned hybrids, 2) Service on all EV and hybrid cars, 3/4 tied) EV and CNG sales, 5) M&A with dealerships.
It further gets hedged by the fact that EVCA wants to own the first 13 stores as corporate, and then franchise up to 40 more.
