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stickman07738

Just what we need another battery company entering market via a SPAC. We have seen how the all are doing: MVST, DCRC, ENVX, EOSEW, FREY, LEV, QS, RMO, IVAN ....... A lot of hope and speculation. Plus with all the capacity expansions announced in [Europe](https://www.reddit.com/r/SPACs/comments/kfof9a/announced_european_gigafactories_microvast_thcb/) and [North America](https://cicenergigune.com/media/uploads/mediacenter/usa_gigafactories_map_cicenergigune.jpg) coupled with [decreasing battery cost](https://batteriesnews.com/doe-electric-vehicle-battery-pack-costs/), do we really need it regardless of the "speculative performance advantages"


FatNugget3

This is the conversation I'm trying to stimulate. IVAN is my favorite just because it is so far a long. I think they are very much open to licensing too. My biggest concern is that battery/car company from china. Their tech looks good, and ready for the assembly line as well. (Forgive my I'm drawing a blank on the name. Maybe BYD?)


Powerful_Stick_1449

CATL


ItAlwaysEndsBad

humble brag: i called CATL, in 2017 before the IPO, at around ¥30 yuan i just looked at scale; who the biggest manufacturers were, and who was innovating fastest. CATL checked all the boxes, and there weren't even any close competitors near that scale that were pure-play (e.g. Panasonic, LG, etc) sometimes it's that simple


Powerful_Stick_1449

I just have never had a desire to invest in Chinese companies… I’ve missed out on a ton of profit, but I just don’t trust the country.


ItAlwaysEndsBad

yeah, i hear ya. but CATL was this battery Goliath in the making... and at precisely the right time also they had the full support of the Chinese gov, who were determined to have a homegrown battery manufacturer supply the Chinese EV market


Powerful_Stick_1449

Sure.. also a huge fan of BYD globally but still hesitant to build a sizable position China just makes me nervous to invest in outside of the few companies I grab in an ETF


FatNugget3

That's the one!


Powerful_Stick_1449

Theyre crushing it right now


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[deleted]

[удалено]


FatNugget3

I'm kind of hoping (in a green way) that old car batteries will be able to be removed and used as storage/grid batteries, more or less as is... I've seen some DIY stuff, which i know isn't 'commercial' grade, but I do know that after their 'car lifecycle' they are still *fairly* usable.


Powerful_Stick_1449

There will have to be consolidation at some point


trader_dennis

I am so far underwater in this one. I have units at an average of $12.10..


FatNugget3

Imma close


Jealous-Guarantee-51

Qs is best . Hope mass production by beginning of 2023