EV is low risk, while oil is high risk. That's why banks and fund managers are reducing their exposure to oil. Financial institutions and investors will be shifting funds from oil, airlines, cruise, etc, into other companies, such as Saean Industries Inc.
Oil needs to be in the $30-$40 range to be profitable, other wise those oil companies go bankrupt.
With the level of advancement in EV technology, everything has changed.
Oh and the biggest factor is that this is a new company, in which SAEAN has complete control over in regards to NASDAQ listing.