Solar Integrated Roofing Corp.’s (OTC: SIRC) Future Strategy Is On Developing Alternative Energy, Including Solar and EV Charging Stations; EV Manufacturers Such As GM (NYSE: GM), Ford (NYSE: F) and Tesla (NASDAQ: TSLA) Running Into Sourcing Issues With Battery Makers Such As Panasonic Holdings Corp.
Solar Integrated Roofing Corp.’s (OTC: SIRC) future strategy is on developing alternative energy sources, including Solar and EV Charging Stations. Meanwhile, EV manufacturers such as GM (NYSE: GM), Ford (NYSE: F) and Tesla (NASDAQ: TSLA) are running into sourcing issues with battery makers such as Panasonic Holdings Corp. Panasonic is finding that a shortage of trained workers is having an impact on their ability to to meet production deadlines for the major EV vehicle companies. One Panasonic executive blamed, in part, an underestimation of the difficulty lithium ion battery production from East Asia into the U.S.
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).
As a result, GM (NYSE: GM) CEO Mary Berra now says that a battery plant it operates in Ohio together with South Korea’s LG Energy Solution would cause GM to miss its EV sales goals in North America through 2023.
Tesla’s (NASDAQ: TSLA) CEO Elon Musk at times blamed Panasonic for its own inability to met its own vehicle output goals. For its part, insiders say Musk handed Panasonic ‘tough deadlines,’ according to a report in The Wall Street Journal. For its part, Panasonic is now looking to $4 billion in a new battery plant in De Soto, Kansas. More plants are possible, Panasonic says, in markets with larger labor pools.
Ford (NYSE: F) is investing $3.5 billion to build a battery plant in Marshall, Michigan together with China’s Contemporary Amperex Technology Co, Ltd. The facilit will employ about 2,500 workers, Ford says, and ill help the Company reach its 2026 EV goal.
Ford’s new plant will produce lithium-iron-phosphate battery cells — a type commonly used in China. They are lower cost than the nickel-and-cobalt combination widely used in North America and Europe, a fact not widely applauded by observers. Ford says the move will help to lower the price of its EV vehicles.
Meantime, Solar Integrated Roofing Corp. (OTC: SIRC) is focusing on building and financing more EV Charging Stations domestically. As EV vehicle manufacturers struggle to meet production deadlines with battery plant issues, SIRC is working to meet a shortfall of EV Charging Stations nationwide.
Range anxiety with EV vehicles remains an issue globally. SIRC is helping fill the need for more EV charging stations in the US — and recently announced plans for its Finance Division to help beginning this month to offer fiscal solutions for EV Charging Companies that require more funding.
SIRC announced recently 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.
Source: Stock Market Press
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