Japan’s Honda and Sony To Team Up With New Electric Vehicle By 2025, With Honda Contributing Plant Manufacturing And Sony Contributing A Mobility Services Platform; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Refocuses Itself On Fast-Growing EV Charging Station Business
They say politics makes strange bedfellows. So how do you explain the newest joint venture partners Honda and Sony teaming up to produce an all electric vehicle by 2025. The two tech giants will jointly produce the new EV. They have produced hybrid vehicles prior — but together they will now develop and sell an all-electric model. Solar Integrated Roofing Corp. (OTC PINK: SIRC) refocuses itself on addressing the fast-growing EV Charging Station business.
stockmarketpress.com features specialized coverage of related stocks in the solar, roofing, EV charging stations and battery charging energy industry such as Solar Integrated Roofing Corp. (OTC PINK: SIRC), Sunrun, Inc. (NASDAQ: RUN), Blink Charging Co. (NASDAQ: BLNK), Tesla, Inc. (NASDAQ: TSLA), GM (NYSE: GM), ChargePoint (NYSE: CHPT), EVgo (NASDAQ: EVGO), SolarEdge Technologies, Inc. (NASDAQ: SEDG), First Solar, Inc. (NASDAQ: FSLR), SunPower (NASDAQ: SPWR), Gibraltar Industries, Inc. (NASDAQ: ROCK), Spartan Acquisition Corp. II (NYSE: SPRQ). and Canadian Solar Inc. (NASDAQ: CSIQ).
Japan’s Honda and Sony To Team Up With New Electric Vehicle By 2025, With Honda Contributing Plant Manufacturing And Sony Contributing A Mobility Services Platform; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Refocuses Itself On Fast-Growing EV Charging Station Business
Honda and Sony seem like unlikely partners for an EV vehicle. But they have reached agreement to do so.
Kenichiro Yoshida, Sony Group CEO, says Sony showed an electric car concept at the CES gadget show in Las Vegas two years ago. Ever since, it has been looking for an auto partner, he said.
“The joint venture with Sony will be separate, meant to produce unexpected value,” says Honda Chief Executive Toshihiro Mibe.
The two companies did not rule out a future stock listing of the joint venture.
Funny that might be an issue. Ford (NYSE: F) is creating an ‘e’ division internally from its legacy auto business. ‘e’ may also become a separate stock.
The ‘Ford Model e’ will come complete with its own P&L to house its now unprofitable but fast-growing electric car business — currently producing the Mustang Mach-E and F-150 Lightning pickup truck. Will it be a separate publicly listed stock. No one knows for sure right now.
Meanwhile, Solar Integrated Roofing Corp. (OTC PINK: SIRC) refocuses its efforts on the EV Charging Station business.
Ford Motor Co.’s (NYSE: F) is thinking of ways to separate its electric car operations from its legacy business, according to a report by BloombergThe internal move could enable it to raise more capital to produce ‘e’ vehicles in the future. The Wall Street Journal says it may be simpler than all that: hiring tech talent for a new division with its own stock.
Whatever the reason, it will split Ford (NYSE: F) does the middle and make it P&L accountable for its own performance. It could be a stand out, or its otherwise performance can stand out. Either way, model ‘e’ will have to stand out on its own — fully analyzed performance.
And, yes, if ‘e’ does well, Tesla (NASDAQ: TSLA) like valuations can be driven in the future, satisfying corporate goals. If TSLA earns a $1 trillion valuation and a soaring stock price, why shouldn’t Ford’s ‘e’ be a standalone public stock if it can perform as well. Japan’s Honda and Sony To Team Up With New Electric Vehicle By 2025, With Honda Contributing Plant Manufacturing And Sony Contributing A Mobility Services Platform; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Refocuses Itself On Fast-Growing EV Charging Station Business.
To Solar Integrated Roofing Corp. (OTC PINK: SIRC), the heightened awareness, reporting structure and model launches in electric vehicles only brings a higher profile to supporting EV Charging Stations.
SIRC not only competes in that industry through its PLEMCo.,subsidiary, parent SIRC recently announced it has signed an LOI to acquire three LA-based complementary EV Charging Station companies in that industry.
The Company’s goal is simply separating the company internally. Internal experts say the Ford family, which controls the company through a special class of stock and maintains three seats on the Board, still is not fully sold.
A move to separate electric car operations from its legacy business would give the company greater access to the capital markets, which have been generous in valuing Tesla (NASDAQ: TSLA). Japan’s Honda and Sony To Team Up With New Electric Vehicle By 2025, With Honda Contributing Plant Manufacturing And Sony Contributing A Mobility Services Platform; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Refocuses Itself On Fast-Growing EV Charging Station Business.
Ford Motor (NYSE: F) reported a record-breaking net profit of $17.9 billion for 2021 — yet roughly half of that profit was a paper gain made on Ford’s equity in the successful Rivian Automotive (NASDAQ: RIVN) electric car IPO last Fall.
General Motors (NYSE: GM) is not making a similar move. Although EV is represented in various company divisions — from Chevrolet to Cadillac — it is represented within the company, not as a separate electric unit by itself.
Meanwhile, in a move that will soon drive demand for EV Charging Stations in North America, General Motors (NYSE: GM) has now raised its sales target for electric vehicles to 400,000 in North America in 2022-2023 compared to only 25,000 Bolt models sold last year. If the target sales are met, it could mean a spectacular opportunity for Solar Integrated Roofing Corp. (OTC PINK: SIRC) and its PLEMCo. Subsidiary that builds EV Charging Stations.
Electric charging stations are projected to reach $111.90 Billion by 2028 with a 30.26% CAGR jump, says Fortune Business Insights.
Japan’s Honda and Sony To Team Up With New Electric Vehicle By 2025, With Honda Contributing Plant Manufacturing And Sony Contributing A Mobility Services Platform; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Refocuses Itself On Fast-Growing EV Charging Station Business
Learn more about SIRC at https://www.solarintegratedroofing.com/corporate-governance/leadership/.
Source: Stock Market Press
Join Stock Market Press’ newsletter for the latest in IPO, market commentary and company profiles.
Stock Market Press is a financial news company that delivers up to date stock news, introduces private and public companies to a wide audience of investors, consumers, journalists and the general public via social media and a rapidly expanding network.
Contact:
Stock Market Press
110 Wall St.
New York, NY 10005 info@stockmarketpress.com https://twitter.com/PressStock
Safe Harbor Statement:
Statements in this news release may be ”forward-looking statements.” Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions or any other statements relating to our future activities or other future events or conditions. These statements are based on current expectations, estimates and projections about our business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and are likely to, differ materially from what is expressed or forecasted in forward-looking statements due to numerous factors. Any forward-looking statements speak only as of the date of this news release and Stock Market Press undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this news release.
See Stock Market Press disclaimer: https://stockmarketpress.com/disclaimer/ SOURCE: Stock Market Press
