Small production run sports cars were always a thing, and with the technically much simpler electric drive those small production runs can be sold for the price of a normal car instead of sports car prices.
In addition they seem to have gotten a Chinese company with lots of automatization experience on board, so that should improve margins a bit as well.
I think they have a good chance to survive in a niche market.
Small production run sports cars were always a thing, and with the technically much simpler electric drive those small production runs can be sold for the price of a normal car instead of sports car prices.
In addition they seem to have gotten a Chinese company with lots of automatization experience on board, so that should improve margins a bit as well.
I think they have a good chance to survive in a niche market.
As much chance as Bollinger, Canoo, Nikola, Fisker, Lordstown, Faraday…it’s a niche of a niche market. Guys who work at health food stores.