If you made it to the 2018 Winter Olympics in South Korea, the buses used Microvast batteries. On the date of publication, Dana Blankenhorn did not have (either directly or indirectly) any positions in the securities mentioned in this article. Specifically designed to address the critical constraints currently facing electric vehicle development, its electric vehicle battery system solution paves the way for mass adoption of electric vehicles. Microvast was founded in 2006 and, while it may have papers for a Houston incorporation, it is really more of a Chinese company. This is intriguing because Oshkosh is one of three bidders on a huge U.S. This will be a huge risk for Microvast stock as well. If you buy THCB stock today, are you buying the Zhejiang production and Chinese revenue, or just the American revenue? The THCB SPAC will merge with Microvast, a battery company. Article printed from InvestorPlace Media, https://investorplace.com/2021/02/thcb-stock-gaining-traction-but-where-is-microvast-coming-from/. Microvast calls Texas its home, and has been around since 2006. So, what’s all this about Texas? 12603 Southwest Freeway In fact, THCB stock has become a magnet for hype. Although Microvast is headquartered in Texas, the majority of Microvast's current operations is in fact in Huzhou, China. Powering Now. THCB opened on Feb. 10 at nearly $20. It’s trading today at around $13.50. However, my recent story on Workhorse quotes OSK as being “ready to pivot”  to EVs. Tuscan noted at the time that Microvast battery technology is already installed in over 28,000 vehicles worldwide, and that the company will generate more than $100 million in sales this year. Microvast serves customers worldwide. Batteries will be a huge part of those deals. Company News Microvast In Medias. Road Map Proven Records. View Microvast stock / share price, financials, funding rounds, investors and more at Craft. Copyright © 2021 InvestorPlace Media, LLC. Microvast, the electric battery storage company, is worth considerably more than its present price. 2 months ago - InvestorPlace Why These 3 SPAC IPOs Are Collapsing Today The most intriguing of these partners is Oshkosh (NYSE:OSK), though. Microvast stock is going public after announcing a SPAC merger with Tuscan holdings. 2021 STOCKS TO BUY NOW! Then, soon after announcing its investment in Microvast, analysts began pounding the table for OSK stock. Since 2010, Nasdaq has been the exchange of choice for SPACs. Microvast, Inc. manufactures battery solutions. According to InvestorPlace’s Matt McCall, this is a slam dunk for a patient investor. Battery Maker Microvast to Go Public Via Tuscan SPAC. But I still have questions. But if we look at what happened to the Romeo Power stock price, the stock reached a maximum above $35 just before the merger. Feb 1, 2021. At one point, the share price … Vanguard High Dividend Yield ETF Is an Ideal Set-It-and-Forget-It Investment, Scoop Up Shares of Churchill Capital IV Stock on the ‘Disappointment Dip’. But after the merger, a huge pump and dump happened. Suite 210 The stock closed at $15.66 on Jan. 29 after rising 2.4 percent that day. Per the proposed transaction overview, the deal values the combined company at $3 billion. The stock is still trying to find a resistance above $18. Oshkosh’s original bid on the contract, though, was for a gas-powered truck. THCB stock is trading at a 57 percent premium to its IPO price of $10, with no merger announcement. In this video we explain why we have such high conviction on these three stocks! CEO Yang Wu is currently listed as being in Hawaii on LinkedIn, Pitchbook says Microvast has some 2,500 employees and The Motley Fool estimates the company’s 2020 revenues at $101 million. * We are proud of … Postal Service contract for 140,000 delivery vehicles. Microvast has raised $450 m in total funding. Electric-vehicle battery maker Microvast said on Monday it would go public through a merger with blank-check company Tuscan Holdings Corp, in … Investors Solutions Clean City Transit. Stafford, TX 77477 Nasdaq Oshkosh also identified Ford (NYSE:F) as its partner in the bid. All rights reserved. Microvast — and by association, THCB stock — have some powerful American friends. 1125 N. Charles St, Baltimore, MD 21201. Buy Gores Holdings VI Stock on the Pullback, Ahead of the Matterport Deal, Matt McCall and the InvestorPlace Research Staff, Luminar Stock Is Significantly Undervalued Ahead of Its Earnings Report. GAMESTOP CORP-A. Vertical Integration. These won’t be mere contracts, but negotiations, with complex national interests at stake. Join legendary investor Matt McCall on March 24 when he unveils how a new investment is set to bring Wall Street’s wealth to the everyday American. Follow him on Twitter at @danablankenhorn. Copyright © Tuscan Holdings Is Gaining Traction, But Where Is Microvast Coming From? There is a lot to like about Microvast. Soon enough, the company was being called a “billion dollar unicorn” by some and had manufacturing in Zhejiang, China as well as two European offices. If the company can bring American and Chinese interests together on the important work of making batteries better, I think it’s a win-win. Dana Blankenhorn has been a financial and technology journalist since 1978. Today we'll look at its fair price per share. THCB stock is worth between $24.62 and $28.46, or 44% to 66% more than $17.10, its price on Dec. 31. The definitive agreement with Tuscan was completed at an equity value of approximately $3 billion, the company's market capitalization currently sits at $6 billion with its share price at $20.35. Investors are pouring over the numbers, which have an implied equity value of $3 billion based on a subscription price of $10 per share. 2021 InvestorPlace Media, LLC. 3 Big Stories to Watch. View daily, weekly or monthly format back to when Tuscan Holdings Corp. stock was issued. Microvast｜Fast-Charging｜Electric Vehicle｜Energy Storage | Thinking Forward. All rights reserved. Company About Us News. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. The press release on the deal, however, says Microvast was “founded in 2006 and headquartered in Houston, TX.” That’s true, but it’s not the whole story. That puts the trailing price-sales ratio of THCB stock at about 43. But, that valuation is based upon this SPAC’s initial offering price of $10 per share. And how much of the deal are American investors really getting, especially when Microvast has so many Chinese connections? Press Release Microvast, a Leading Innovator of EV Battery Technologies, to List on Nasdaq Through Merger with Tuscan Holdings Corp. Lots of investors are excited about Tuscan Holdings (NASDAQ:THCB) and its plans to take a Houston-based battery company called Microvast public. ET THCB opened on … As the merger approaches, it may even go to $30. None of this is secret — it’s all publicly available online. Cardano (ADA) Price Predictions: What Comes Next After Coinbase Pro News? quotes delayed at least 15 minutes, all others at least 20 minutes. On top of that, there are also big deals coming down the road — like the postal deal — to rebuild the United States’ fleets of buses and delivery vehicles. A date will be set for a vote to merge and the stock price will move in anticipation to this. GameStop Stock Is No Longer a Short Squeeze – So What’s Left? Microvast, meanwhile, is valued at around $6.6bil at the current price of around $24 per share. And with so much business abroad, where will Microvast’s batteries for American contracts be made? Investors are pouring over the numbers, which have an implied equity value of $3 billion based on a subscription price of $10 per share. 1125 N. Charles St, Baltimore, MD 21201. Technology … United States, Battery Maker Microvast to Go Public Via Tuscan SPAC. The "Chinese" stigma: Microvast is often regarded as a "Chinese" company and there is a bit of investor apprehension reflected in its current share price owing to that fact. Finally, is all this going to fly with President Joe Biden and his administration? Since spiking on the announcement, THCB stock has fallen about 21%. After 10 years of work, the company announced its first non-flammable lithium-ion battery at an event in Beijing. Most Popular. 219.00. The Main Street Revolution Event will begin in…. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. EUR. Microvast deal has an implied equity value of $3 bln Feb. 1, 2021 at 7:14 a.m. Founded in 2006 Microvast have established themselves as market leader in the development and manufacture of fast charging, … THCB stock … ET by Ciara Linnane EV battery maker Microvast to go public via merger with SPAC Tuscan Holdings By that time, its batteries had gone into over 10,000 buses. In 2020, we welcomed 71% of U.S. business combinations, including Opendoor, DraftKings and Luminar Technologies. He is the author of Technology’s Big Bang: Yesterday, Today and Tomorrow with Moore’s Law, essays on technology available at the Amazon Kindle store. The Company develops and delivers charge batteries for electric vehicles, as well as wide range of other applications. +5.40 +2.53%. After all, they want a green revolution powered by American workers at American companies. The overall valuation of the deal was at $3b (when the stock was at $10) so the valuation is currently between 5b-6b. Lakin may be right. The company considers itself a leader in developing ultra-fast and long-lasting battery power systems for electric vehicles. MICROVAST. About Microvast Stock Microvast is an energy company that designs, develops, and manufactures ultra-fast charging, long-life battery power systems with superior safety for electric vehicles. THCB stock looks like a good bet as EV adoption grows. Similarly, contributor Robert Lakin writes that you may want to wait on the best price, but the long-term prospects are excellent. The deal is so big, in fact, that investors are already anticipating which company will win — for instance, electric vehicle (EV) maker Workhorse (NASDAQ:WKHS) has been rocketing upward while it waits for the news. Where will these batteries be made and where will the intellectual property reside? Shares of MicroVision (NASDAQ: MVIS) have plunged today, down by 15% as of 11:10 a.m. EST, after the company announced a new at-the-market (ATM) offering. So, THCB stock could be a big winner. Since its inception in 2006, Microvast has raised $450 million from two funding rounds. Microvast forecasts revenue of approximately $230 million in 2021, $460 million in 2022, and $874 million in 2023. Real-time trade and investing ideas on Microvision Inc. MVIS from the largest community of traders and investors. Discover historical prices for THCBU stock on Yahoo Finance. 296:GR. What Will the Stock Market Do Today? Published: Feb. 2, 2021 at 3:23 a.m. Still, I’m left wondering: what exactly are investors buying? Following its announced deal to merge with EV battery play Microvast, and the overall euphoria for EV SPACs, THCB stock was flying high. That company put $25 million into the $540 million private-equity portion of the deal. GS2C:GR. But here's something to consider first. Microvast, whose batteries powered the electric buses used in the 2018 Winter Olympic Games in Pyeongchang, South Korea, expects to generate more than $100 million in … Company profile page for Microvast Power System Co Ltd including stock price, company news, press releases, executives, board members, and contact information The EV market is set to boom. (RTTNews) - Shares of special purpose acquisition company, Tuscan Holdings Corp. (THCB) are rising more than 32% Monday morning after the EV battery maker, Microvast … Or monthly format back to when Tuscan Holdings Corp has fallen about 21 % Microvast batteries and! 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