Aside from all of this, my first thought when I saw the announcement re the hyper car was the inherent lack of volume. Even if you were supplying the EV version of a Lamborghini Aventador (one of the higher volume sellers in that price range) they just don’t sell enough units to really be a company maker for MNS.
Of course I wasn’t going to say anything for fear of being hammered by a barrage of holders. However I think if shareholders are honest with themselves they’d much rather see a deal with a high volume, low-mid price range vehicle that say a Toyota or Nissan would sell. A deal that would actually get Magnis pumping out batteries and needing to expand. It’s hard to get excited about hyper cars in this context except as a cool talking point. The deal just won’t generate enough business based on the information we currently have.
We wait...
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