SG 88
2022-04-05

EV now are mostly sort after either from influences of high fuel costs or for the betterment of future environment. 

But with supply chain challenges on Chips sets and batteries to meet current demand be it RIVN or NIO. EVs have to cut their forecast production output by half: 

RIVN (from 50,000 to 25,000) and LCID (20,000 to ranging from 12,000 to 14,000).

With EV market forecast 41% CAGR (2020 to 2026), this might form a opportunity for ChargePoint to grow its top line revenue to half a billion by end of 2022. With total revenue of $241 millions in 2021, its possible.

Current ChargePoint's active charging ports as at 2021 stands at 174,000 in North America and 11,500 in Europe.

Raiding the tailwind of EV demands, charging ports would be the future 'oil' for EVs [Doubt] 

# 💰 Stocks to watch today?(19 Dec)

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  • CrystalRose
    ·2022-04-05
    The recent surge in electric vehicle sales may indeed be affected by the surge in gasoline prices, which feels like impulsive consumption, and people will soon calm down.
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  • CyrilDavy
    ·2022-04-05
    At present, charging stations are still one of the factors restricting the rapid popularity of electric vehicles, and such companies still have huge room for growth.
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  • littlesweetie
    ·2022-04-05
    Traditional automakers such as Ford have stopped production because of a shortage of chips. Xilai, Tesla and others may encounter similar problems.
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  • SG 88
    ·2022-04-05
    thanks for your feedback. much appreciated [smile]
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