Replies to post #54145 on Worksport Ltd (WKSP)

[buckyboy]

Exciting clarification from the boss regarding my question about Hyundai.

"We don’t know exactly but we know that HATCHI in USA is pitching an EV truck to Korean management. If it’s approved to move ahead, they would get the green light to develop an EV truck. While presenting the EV truck, they are presenting it with our solar solutions.

So there is equal a chance for and against the truck being “green lit” by Korea HQ, as it coming with the solar cover.

I feel that the current direction of the market is in our favour but there are no assurances. Our product provides solar power and carbon credits, which we feel is compelling enough a reason. We have another similar relationship that we’re keeping private and have forthcoming potential inroads with two other automakers. I feel it’s reasonable to expect at least one to pan out.

Regardless, we have demand enough for our product that we could see equal success with higher margins if we simply start with a direct to consumer business model, which we are prepared to do. With the information at hand, I feel we have a strong possibility for capacity issues - more demand then we can produce. My 100% focus this year is to begin domestic production. Our internal motto is “deadline or die” and those deadlines are to begin production by March 31st; even if it’s smaller scale. Then ramp and evolve.

For clarification, deadline or die doesn’t mean the company will die; we have more cash than we need to accompany our goal. Deadline or die is a motivator for management to meet deadlines or reach or forgo incentives that each manager has."