Solar Integrated Roofing Corp. (OTC: SIRC) Reaffirms Commitment To EV Charging With Expansion Of Finance Division; Ford (NYSE: F) And New Management At Toyota (NYSE: TM) Intensify Focus On Electric Vehicles Industry
Solar Integrated Roofing Corp. (OTC: SIRC) reaffirms commitment to EV Charging with expansion of its Finance Division — which will beginning in March offer EV Charger companies equipment leasing and finance solutions, the Company announced yesterday. Meantime, Ford (NYSE: F) and new management team at Toyota (NYSE: TM) are intensifying their focus on the Electric Vehicles industry.
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).
SIRC announced yesterday it is expanding its SIRC Finance Division with a suite of new fiscal products. One is equipment leasing and finance solutions for EV charging companies. SIRC’s focus, according to David Massey, CEO, is on becoming the premier alternative energy company nationally. SIRC is active in the residential and commercial solar industries as well as EV charging. It is also focused on all alternative energy and home efficiency projects.
Reinforcing SIRC’s decision to concentrate on EV charging and alternative energy projects, major players like Ford (NYSE: F) and Toyota (NYSE: TM) are committing to the electric vehicle business.
Ford is spending $3.5 billion to build a new vehicle battery plant with the help of China’s Contemporary Amperex Technology Co., Ltd. The Marshall, Mich., facility will have a wholly-owned subsidiary manufacturing its new battery cells.
Ford’s goal is to produce two million electric vehicles per year globally by the end of 2026. Currently, Ford has about 70% of the battery capacity to meet that deadline. The new plant will supply the rest. The new plant will produce lithium-iron-phosphate battery cells, a type commonly used in China.
Most dramatic is the announced intention of a new management team at Toyota to push an EV-first strategy. Prior, Toyota was a laggard in the EV car manufacturing industry — with previous management only mildly interested in all-electric vehicles. The new team, led by CEO-designate Koji Sato, said it will be aggressive in building all-electric vehicles and has set a goal of producing a totally new all electric line of vehicles by 2026. It will be led by the Lexus brand, he said.
That turnaround in branding, marketing and thinking by Toyota only reinforces SIRC’s strategy to financially support alternative energy in general and EV vehicle chargers in particular.
Source: Stock Market Press
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