Hi and Welcome, This is 'Do your Own Research, Do-ori.
Today, I did a little research about the Electric Bus Market formed in North America and beyond.
But first,
I needed to apologize again to my viewers and subscribers for misinforming you from yesterday's program,
GreenPower Motor IPO.
Since I've been overseeing it for weeks trying to buy this stock,
all of a sudden, overnight, bam, IPOed and the stock price has skyrocketed.
So I wanted to rush to my viewers to herald this news without double checking.
So GreenPower Motor put up an Initial Public Offering,
IPO,
New York Stock Exchange yesterday, August 28,2020,
as a new ticker named GP,
and daily ending price of around $20.
It started IPO price of $21 and went up once about $23 in intraday trading and cooled down to $20 mark.
But the day before, it was $3 in the Canada stock market.
That's why I was a little confused and missed out reverse split of 1 to 7.
So this is what happens.
The old stock, GPVRF, price went up 7 times higher but quantity became 1/7.
For example,
if you are holding 700 shares of GPVRF stock now you only have 100 shares and the price of stock becomes $21 instead of $3.
So there is nothing changed for stockholders,
except for the total volume of shares.
So the total stock volume becomes less.
That means stocks became more valuable for now,
but more chance for stock dilution in near future.
I will stop here for covering and correcting my previous you tube video
and go ahead and start today's program.
This actually is an extended coverage from previous GreenPower Motors cover
and researching other EV BUS competitors in the North American Market and beyond
including GreenPower Motor Company.
First, GreenPower Motor Company,
this company is based in Canada targeting North American Electric bus,
school bus, mini-bus, and cargo ban market and its market cap of $372M,
and is rapidly growing.
The 122% in revenue and 118% in gross profit have gone up compared to last year.
But This company has not made a profit yet.
The operating profit is nearly minus $5 million and net income loss of $5 million this year.
So the company itself is not in a good shape even though
we think it as a growing company for the future,
sales and marketing efficiency rate has registered
a multiple of 13.5x.
Now let's see the EV Bus market prediction for next few years in North America.
This EV market forecast came out 2018.
The U.S. electric bus market is projected to reach $1,554.5 million by 2024,
advancing at a CAGR of 23.9% during the forecast period (2019–2024).
Right now it's starting to change very rapidly by the demand of environmental concerns in every level, private, municipal, state, and federal.
Next, for the world market,
It's growing and growing fast!
The Global Electric Bus Market size is projected to reach 935 thousand units by 2027
from 137 thousand units in 2019, at a CAGR of 27.2%.
And asian market is huge compared to all other regions combined.
Here again, the government comes into play when it comes to the world EV bus market.
And here's the candidate for world EV bus market player,
the major players like BYD (China), Yutong (China),
Proterra (US), VDL Groep (Netherlands), and AB Volvo (Sweden).
Let's see California based company, Proterra.
This is a vertically integrated company,
might say something like Tesla of Bus Industry.
I think This company is still a private company seeking an IPO through SPAC merger.
I am not sure.
So I need to do further research about this.
But if any views know more and anything about Proterra please comment below.
Proterra makes not only batteries and buses,
but also building infrastructure and OEM for other car makers.
I don't know how possible this kind of company hasn't gone public yet.
This is a huge discovery for me.
I think Proterra previously talked reverse merger with SPAC company,
Hennessy Capital Acquisition Corp. IV
(HCAC IV)
in which they are doing an SPAC IPO with Canoo,
another EV startup which I will cover for my you tube video in a few days.
I don't know what happened to Proterra merger through SPAC,
negotiation gone wrong, or I don't know.
I definitely need to do more research about this.
And guess what, HCAC I was Blue Bird school bus company in 2015.
Oh I just found out that US former vice president's Generation Investment and BMW preparering for Proterra IPO!
This is huge! and I will keep track of this new until the IPO deal is done.
Blue Bird bus is US based and only for the school bus market,
and its market cap is around $300M.
This is a publicly traded company since 2015.
But at the beginning of IPO back in 2015 it's around $23,
very similar to GreenPower Motor company at the price of IPO yesterday.
But as EV bus demand grows more and more,
especially for the school bus market, Blue Bird bus has potential.
Thomas Built Buses from North Carolina. Thomas Built Buses is a subsidiary of Daimler America.
Other school bus companies, like New York based Trans Tech,
And another GreenPower Motor's Canadian competitor, Lion Electric Co., looks like they are ready for an IPO or something.
Another heavy duty EV bus company, New Flyer of America,
a vertically integrated company, can be matched with Proterra,
is now being traded at the OTC market at $13.
This one also has an uptick potencial.
Novabus, another Canadian electric bus company.
The last but not least, The chinese industry conglomerate, BYD Group.
This company is a main player in the industrial sector worldwide,
especially southeast asia.
Also BYD has american headquarters in Los Angeles,
California, rapidly expanding in the north american market.
And BYD is a huge company compared to the rest of the companies I introduced today,
market-cap around $32 billion.
And I think in the world EV Bus market,
BYD has the most growth potential.
I didn't know these many companies in the EV Bus market before.
EV market in whole will rapidly grow in the next several years.
But then again competition is also tough.
What do you think folks?
And what companies do you think they have the most potential to grow?
I will stop here and see you with more research about Proterra next time.
Thank you for watching. See you.
