Fair valuations for EV sector
$NIO Inc (NIO.US)$ $XPeng (XPEV.US)$ $Li Auto (LI.US)$ Fair valuations for EV sector according to Morningstar. Top 3 most undervalued are small caps:
GOEV Market cap: 139m
VLCN Market cap: 8m
ZAPP Market cap: 36m
VLCN Market cap: 8m
ZAPP Market cap: 36m
VLCN has recently received 12m from institutional investors and has stated they now have almost no debt and shareholder equity in excess of 15m. Company has agreed not to issue shares till October. Is working with US Army R&D division
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Winner takes all : vlcn going to bankrupt soon
AnaiAnai : Nio undervalued by almost 100%? Really? Still loss making company one can fetch so high price?