Press Release
Middle Easts $9 Billion EV Opportunity Reaffirms Potential In These Stocks
–News Direct–
The Middle East, a region long known for its oil and gas riches, is transitioning to a new, more sustainable future, potentially dominated by electric vehicles.
The UAE, for instance, has launched several initiatives over the past years to encourage the adoption of EVs among its residents. Strategies like the Dubai Green Mobility Strategy 2030 aim to have around 42,000 electric cars on Dubais streets by the end of this decade. Currently, the UAE is ranked 7th globally and is the top country in the MENA region on the Global Electric Mobility Readiness Index (Gemrix), demonstrating the nations dedication to sustainable transportation and its goal of achieving carbon neutrality by 2050.
Like the UAE, the Saudi government has also taken significant steps to drive EV adoption, including funding infrastructure. Since 2021, the Saudi Electric Vehicle Charging Infrastructure Development Initiative (SEVCIDI) has been working towards a goal of installing 50,000 domestic charging stations by 2025.
According to analysts, EV adoption will gain major momentum in the Middle East thanks to growing tech-savvy urban hubs in Saudi Arabia and the UAE, in addition to a significant drop in the cost of EVs over the past years.
With EV sales looking set to continue ramping up, here are four stocks that seem well positioned to capitalize on the regions growth.
VivoPower International PLC (NASDAQ:VVPR) , a sustainable energy solutions (SES) company, is on a mission to make the cost of owning an EV much more affordable without compromising on any of the features. The companys flagship subsidiary, Tembo e-LV, supplies conversion kits containing all the parts needed to convert a vehicle from an internal combustion engine to electric. These parts include the batteries, an e-motor, a reduction box, a charger, software, and many other components that make the converted vehicle work safely and seamlessly.
In essence, the Tembo electric utility vehicle (EUV) conversion kits will transform new and second-hand diesel-powered 4×4 LandCruiser and Hilux vehicles into ruggedized EUVs that can operate in the harshest of terrains, like in mining and other industrial applications.
Tembos conversion kits have seen significant interest from not only the Middle East but also the African market, as illustrated by its recent securing of a commitment of 5000+ kits and an order pipeline of 10,000+ kits. Those included an MOU in Jordan for 1,000 kits, opening a path to the Middle East, which is the largest Landcruiser market, and a definitive agreement in Kenya for 4,000 kits, providing entry into second-hand vehicle segments, which expands the companys addressable market.
To put the opportunity in context, the Middle East and Africa EV markets were worth about $3.33 billion in 2024 and are expected to reach $9.42 billion by 2029, representing a CAGR of 23.20%, according to research from Mordor Intelligence. VVPR is well positioned to capitalize on this growth and has what could possibly be one of the best backers to help advance in the region. That is because earlier this month, Vivo received a direct investment of $10 million into Tembo at a pre-money valuation of $120 million, from a private investment office of a member of the ruling Al Maktoum family of Dubai.
At the moment, VVPR has a market cap of about $12.5 million, which implies that its valuation has significant upside potential even without taking into account its other subsidiaries, which it is divesting from.
Just this week, VivoPower International PLC (NASDAQ:VVPR) announced that it entered into a definitive asset sale agreement for the sale of one of its non-core business units, Kenshaw Electrical, to ARA Group Limited, a leading diversified industrial services group based in Australia, for a total of A$5 million. This follows another announcement that it would spin off the majority of its Caret business units portfolio, representing up to ten solar projects totaling 586 MW-DC at varying stages of development.
This is in line with VivoPowers previously announced strategy to focus on reinvesting in its strong growth businesses, including Tembo.
It is also important to note that Tembo will be going public via a merger with Nasdaq-listed SPAC Cactus Acquisition Corp. (CCTS). CCTS will issue 83.8 million shares in exchange for Tembo shares at $10 per CCTS share, which corresponds to a pre-money indicative equity valuation of Tembo of $838 million.
VivoPower shareholders will get 5 Tembo shares worth $10 each for every share held, in addition to a special dividend at $1 per share, translating to another $5 per VivoPower share held.
This deal has the potential to unlock significant shareholder value since even if the Tembo share price upon IPO is only $1, this implies a per share valuation for VVPR of $28, including the value of dividend shares.
VinFast Auto Ltd. (NASDAQ:VFS) marked a significant milestone in its global expansion strategy by entering into a dealer sales agreement with Bahwan Automobiles Trading LLC (BAT) for the distribution of electric vehicles (EVs) in Oman. This collaboration not only introduces VinFast's presence in the Middle East but also underscores the company's commitment to promoting green mobility solutions worldwide.
The deal follows an Initial Memorandum of Understanding for Cooperation signed at the COP 28 conference in the United Arab Emirates (UAE) in 2023. It makes BAT the official dealer of VinFast in Oman. Under the agreement, BAT is to establish 13 VinFast stores and service locations over the next three years.
The first store is expected to launch in mid-2024, with vehicle sales commencing shortly after. VinFast will also collaborate with BAT to introduce four e-SUV models in the Omani market: VF 6, VF 7, VF 8, and VF 9.
Mr. Ta Xuan Hien, CEO of VinFast Middle East, said: "Oman presents a promising market for electric vehicles, as consumers in the nation demonstrate a growing interest in sustainable and environmentally friendly transportation solutions. We are confident that this dealer sales agreement with BAT, a leading and highly reputable dealer in Oman, will empower VinFast to swiftly establish a presence in the market and provide customers in the country with the most diverse and high-quality selection of electric vehicles available."
NWTN (NASDAQ:NWTN) is a Dubai-based pioneering green energy company dedicated to providing passenger-focused, premium electric vehicle products and green energy solutions to customers worldwide. The company has a full vehicle assembly facility in Abu Dhabi.
In January this year, NWTNs strategic partner, W Motors, a leading manufacturer of high-performance luxury cars in the Middle East, signed a partnership agreement with Manaseer Group.
Through this agreement, Manaseer Group will be the exclusive distributor for W Motors and NWTN vehicles in Jordan and the Middle East and Africa region. It will use its facilities as a factory for assembly and thereafter manufacturing operations for these new car brands, which is made possible by Manaseers strong presence and expertise of the Jordan market, and its commitment to providing environment-friendly solutions that combine innovation and luxury.
The agreement was reached following Manaseer Group's recent participation in the Higher and Executive Committees for Integrated Industrial Partnership meeting that took place in Bahrain. Manaseer Groups Vice Chairman Eng Abdel Rhman Obaid said: "We are proud to have represented Jordan in the Higher and Executive Committees for Integrated Industrial Partnership meeting and to contribute to the industry's development in Jordan and the region, as we believe in our role in the industrial sector empowerment.
Lucid Group, Inc. (NASDAQ:LCID) officially opened the first-ever car manufacturing facility in Saudi Arabia last year, making it its second Advanced Manufacturing Plant (AMP-2) and first international plant. The facility will produce Lucid's groundbreaking electric vehicles for Saudi Arabia and export them to other markets.
The AMP-2 facility received significant support from the Ministry of Investment of Saudi Arabia (MISA), the Saudi Industrial Development Fund (SIDF), and the Economic City at King Abdullah Economic City (KAEC) and is expected to play a pivotal role in accelerating Saudi Arabia's strategic goal to diversify its economy.
The AMP-2 facility has begun semi knocked-down (SKD) assembly and is expected to have an annual capacity of 5,000 cars. The initial operation re-assembles Lucid Air vehicle 'kits' that are pre-manufactured at the company's U.S. AMP-1 Manufacturing Facility in Casa Grande, Arizona. Lucid aims to transition AMP-2 to complete build unit (CBU) production after the middle of the decade, with an additional annual capacity of 150,000 cars.
Disclaimers: The Private Securities Litigation Reform Act of 1995 provides investors a safe harbor in regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, assumptions, objectives, goals, or assumptions of future events or performance are not statements of historical fact may be forward looking statements. Forward looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through use of words such as projects, foresee, expects, will, anticipates, estimates, believes, understands, or that by statements, indicating certain actions & quotes; may, could or might occur Understand there is no guarantee past performance is indicative of future results. Investing in micro-cap or growth securities is highly speculative and carries an extremely high degree of risk. It is possible that an investors investment may be lost or due to the speculative nature of the companies profiled. Capital Gains Report (CGR) owned by RazorPitch Inc. is responsible for the production and distribution of this content. CGR is not operated by a licensed broker, a dealer, or a registered investment advisor. It should be expressly understood that under no circumstances does any information published herein represent a recommendation to buy or sell a security. CGR has been retained by VivoPower International PLC. to produce and distribute this content. As part of that content, readers, subscribers, and webs are expected to read the full disclaimers and financial disclosure statement that can be found on our website capitalgainsreport.com All content in this article is information of a general nature and does not address the circumstances of any particular individual or entity. Nothing in this article constitutes professional and/or financial advice, nor does any information in the article constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. CGR is not a fiduciary by virtue of any persons use of or access to this content.
Contact Details
Mark McKelvie
+1 585-301-7700
Company Website
View source version on newsdirect.com: https://newsdirect.com/news/middle-easts-9-billion-ev-opportunity-reaffirms-potential-in-these-stocks-803034430
VVPR, VFS, NWTN, LCID
COMTEX_451713813/2655/2024-05-01T08:06:18
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
ELONXCAT Token Presale: The First Multichain SpaceX & X led by Elon Musk Meme Coin Revolution on Binance Smart Chain
The pre-sale of ELONXCAT tokens on its website and pink sale has been announced to take place on November 1st, 2024, and ending on November 30th, 2024. Experts believe that ElonXCat is poised to become the next big thing in meme tokens, offering early backers the opportunity to join a fast-growing community that can bring significant rewards with long-term potential.
About ElonXCat Token
ELONXCAT is the first multi-chain memecoin themed around ELONMUSK, his company SpaceX and X(formerly Twitter). ELONXCAT came together as close insiders and people who share in their success to start the project. ELONXCAT is the first SpaceX, X, Elonmusk & CAT Meme token built on a multichain network spanning BNB, Ethereum, Polygon, Solana, and Tron. ELONXCAT is a meme coin that blends humor, community, and true value in a way that sets it apart from the sea of ordinary Elon meme coins. they are a movement designed to create a strong, engaged community while offering real utility within the crypto space.
ELONXCAT provides multi-chain with unique technology. token-to-token transactions will be possible freely through the X Bridge. Through a bridge technology called X, which was created with special technology, multi-chains will be supported, and tokens from various chains will be traded freely.
Why ElonXCat Token?
ElonXCat stands out from other meme tokens for several reasons:
– Built on Binance Smart Chain (BSC): Leveraging BSC’s low transaction fees and fast speeds, ElonXCat ensures a smooth and affordable trading experience.
ELONXCAT is different from other trendy meme coins. There have been many meme coins like dogs, cats, and frogs. However, ELONXCAT is different.
Some of the unique features of ELONXCAT that sets it apart from the crowd:
1. Most notable are Elon Musk, SpaceX and X-themed meme coin
Elon Musk and his company X, SpaceX is the first company to encompass all three. This is not a trend of the moment but rather one that will grow with these companies for a long time. When X is doing well, SpaceX is doing well. When there is good news for Elon Musk, this coin can react. The upside for this coin is endless. This coin is not just a trendy coin. It has been meticulously designed for a very long time.
2. Unique homepage design and high-quality photos and videos
Compared to other meme coins, the design level of this coin’s homepage is truly unparalleled. This is a quality that has never been seen on any other meme coin homepage. They are all ELONXCAT team members themselves. The ELONXCAT company team posts videos and photos of exceptional quality on Twitter and Instagram every day. Their high design level indirectly shows the potential of this team. Fans cheer and support them for their amazing designs and video production skills. And they trust them.
Most meme coin homepages have designs that can be made in just a day or two. Also, if you look at their official Twitter account, it is full of low-quality GIFs and photos, but ELONXCAT’s official channels upload high-quality images and videos. They are a team on a different level in terms of design.
3. Unique Multi-Chain Bridge ‘X’ Technology
Our proprietary technology called ‘X’ supports this multi-chain. X supports chain migration functionality, allowing ELONXCAT holders to move freely between the best cryptocurrency chains. ELONXCAT is a Meme token built on a multi-chain network spanning BNB, Ethereum, Polygon, Solana, and Tron. ELONXCAT strives to unite the cryptocurrency meme community and become a pioneer in multi-chain utility. ELONXCAT is to have our name shine on every DEX, every CEX, and everywhere else. Leveraging X’s superior bridging technology that graces the 5 most active blockchains other than Bitcoin, $ELONXCAT becomes seamlessly multi-chain in just a few clicks, with almost no gas fees to worry about. X will continue to expand this multi-chain in the future.
4. Steady growth potential through donations to SpaceX
Elonxcat coin is a meme coin themed around SpaceX. They plan to donate development funds to SpaceX after the project is successful. They will work with SpaceX led by Elon Musk and further develop X. As SpaceX and X grow, ELONXCAT will continue to grow. SpaceX and X will constantly receive attention from people around the world, and naturally, ELONXCAT will also receive attention. ELONXCAT’s growth potential is limitless.
5. The most unique and meaningful campaign
Their community is very strong. Subscribe to their Twitter to get real-time updates and join their Telegram group to get the same information and Also, the AIRDROP service is being prepared It will be on the website within a week.
6. The Strongest Community
This project is the first meme coin themed around SpaceX and X led by Elon Musk. Holders of this meme coin are enthusiastic users of X. And they are people who like SpaceX. ELONXCAT is a meme project themed around SpaceX, the most notable social platform in the world, and X, the most used social platform. Their community members are growing exponentially over time. They all support SpaceX and X, and the more successful SpaceX and X become, the more holders they will have.
Join ELONXCAT on social media:
Telegram: https://t.me/ELONXCAT
To learn more about ELONXCAT, visit: https://elonxcat.com/
Media Contact:
Company Name: ELONXCAT
Contact Person: Jaden, Founder of ELONXCAT
Email: contact@elonxcat.com
Website: elonxcat.com
City: Panama City
Country: Panama
There are only 5 days left until the pre-sale begins. Come into the community! Buy it right away!
An airdrop event is currently underway on the official website and the presale ends on November 30th.
Website | https://elonxcat.com
Buy Presale
The presale will begin on a grand scale on the official website on November 1st.
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Press Release
Christina Taft Takes a Stand for Witnesses and Artists Affected by Hollywood Power Players
Los Angeles, California, 24th October 2024, ZEX PR WIRE, Christina Taft, CEO of Rescue Social Inc., has taken a bold step in advocating for those wronged by powerful figures in Hollywood. Filing a federal case in the U.S. District Court for the Central District of California (Taft v. Paul Barresi and Adam Waldman, Case No. 5:24-cv-01930-TJH-DTB), Taft is calling for protections for witnesses and former clients, particularly in the entertainment industry, where coercion and intimidation often go unchecked.
The complaint alleges that Hollywood fixers Paul Barresi and Adam Waldman engaged in a scheme to manipulate and intimidate individuals within the film, music, and arts sectors. Taft, an entrepreneur, videographer, and humanitarian from Hawaii, claims the defendants’ actions have harmed witnesses, former clients, competitors, and herself, causing emotional distress and professional damage.
Advocating for Justice and Integrity in the Arts
Christina Taft, whose family has long-standing ties to Hollywood’s Golden Era, has dedicated her career to public safety and the protection of vulnerable individuals in the arts. Her organization, Rescue Social Inc., works to create transparency and accountability across various industries, including film and music, where the power dynamics often leave smaller players vulnerable.
In the lawsuit, Taft alleges that Barresi and Waldman orchestrated a series of unlawful actions designed to silence witnesses and suppress testimony. This scheme, which allegedly began in April 2020 and continued into 2024, involved harassment, exploitation of audio recordings, and financial manipulation. The impact on Taft’s work—especially her efforts to improve public safety systems in entertainment—has been significant.
Calling for Legislative Change
In addition to seeking relief for herself and others affected, Taft is advocating for new legislation in California to protect individuals from harassment and coercion. She is pushing for laws that mirror those already in place in New York, which offer stronger protections for witnesses and small businesses facing intimidation related to legal proceedings.
“We need to protect those who stand up for the truth, especially in industries where power and influence can silence important voices,” said Taft. Through this case, she aims to raise awareness about the lack of protections for witnesses and drive changes in California law that will benefit many.
Championing Public Safety After Personal Loss
Taft’s commitment to public safety is deeply personal. After losing her mother, Victoria Taft, a former socialite and model, in the devastating 2018 Paradise, California wildfire, Taft became passionate about improving safety systems for individuals in high-risk situations. Through Rescue Social, she works with interns from Chicago and other collaborators to analyze cases and implement solutions that protect people in the arts from harassment and exploitation.
Taft hopes this case will shine a light on the ongoing challenges faced by individuals in the entertainment industry and spur much-needed reforms.
Seeking Accountability
Taft’s lawsuit also demands accountability from Barresi and Waldman for their actions, which allegedly caused lasting harm to individuals within the entertainment sector. The case is currently pending in the U.S. District Court, Central District of California, Eastern Division. A trial date has not yet been set.
More information about the complaint can be found here.
Lucy Hana
Public Safety and Victims
+1 757-744-2527
email us here
Disclaimer: The above content is for informational purposes only and is neither endorsed nor promoted by us. The purpose of this release is not to defame or discredit any individual or entity. Please conduct your own research and due diligence before engaging with any platform or service.
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Felix Markets Signed Official Sponsorship Agreement with Levante UD: A Powerful Combination of Football and Finance
Felix Markets, a company known for its solutions related to global financial markets, has taken an important step in the world of sports. The company brings football and finance together with its sponsorship agreement with Levante UD, one of Spain’s well-established football clubs. This cooperation creates strategic opportunities for both parties and lays the foundations of a new partnership in the world of sports and finance.
Significance of the Sponsorship Agreement with Levante UD
Felix Markets has signed a sponsorship agreement with Levante UD football club, becoming the club’s official sponsor. With this agreement, Felix Markets, in addition to being the sponsor of Levante UD, gets a wide visibility on the club’s digital platforms and social media accounts. This sponsorship aims to increase the awareness and impact of the brand by reaching the club’s fan base.
Levante UD is a club that competes in Spain’s La Liga and has a strong fan base, reaching a large international following. For FelixMarkets, this sponsorship deal offers a great opportunity not only to promote the brand, but also to create new opportunities by collaborating with the club’s large and loyal fan base.
The Meeting of Football and Finance
The sponsorship between Felix Markets and Levante UD is an important collaboration that combines the universal appeal of soccer with the professionalism and dynamism of financial markets. Football is a sport watched and passionately followed by billions of people around the world. This sponsorship allows Felix Markets to join the ranks of brands with a strong presence in the financial world.
Through this collaboration, Felix Markets, which reaches a wide audience through the influence of football, aims to meet with Levante UD fans and raise awareness of financial services and the world of investment. This sponsorship agreement provides significant strategic benefits for both parties: FelixMarkets will strengthen its global promotion, while Levante UD will support the club’s financial structure by increasing sponsorship revenues.
Sponsorship Strategy: Globalization of the Brand
Felix Markets’ sponsorship agreement with Levante UD stands out as an important step forward in increasing the brand’s recognition on a global level. As football speaks a universal language, such sponsorship deals offer brands the opportunity to expand their influence in international markets. Felix Markets’ collaboration with Levante UD is part of this strategy.
Felix Markets will be present at Levante UD’s matches, digital and social media platforms, aiming to reach the club’s global audience. With this collaboration, the brand will be promoted not only in Europe but also in different parts of the world. Felix Markets, which meets with a large audience of football, will contribute to the promotion of financial services to a wide audience by reaching the fans.
Investing in the Future: The New Frontiers of Sport and Business
Felix Markets’ sponsorship deal with Levante UD opens the doors for new collaborations at the intersection of sports and finance. When the global impact of sport and the professionalism of finance come together, a great synergy can be created for both brands and audiences. This sponsorship will not only create a strong impact in different areas in the world of sports and finance, but will also enable both brands to invest in the future.
Through its sponsorship with Levante UD, FelixMarkets aims to reach not only the club’s fans, but also a wider audience in the sports world. Fans will start to gain financial awareness through this sponsorship and show interest in different areas of sports while watching the club’s matches.
A New Beginning
The sponsorship agreement between Felix Markets and Levante UD symbolizes the combined power of soccer and finance. This strategic collaboration will both increase the global awareness of Felix Markets and provide an additional financial support to Levante UD. In the future, such sponsorships are expected to become even more common and strategic collaborations between different brands are expected to increase.
Through this collaboration with Levante UD, FelixMarkets aims to open the doors of a new era in the world of sports and create a wider sphere of influence in the global market by taking advantage of the universal appeal of football. This sponsorship will consolidate the success of both brands and offer great opportunities for the future.
Start Forex Trading with Felix Markets.
Media Details:
Company Name: Felix Markets LTD
Contact Person: Milos Zemunovic
Contact E-Mail: milos@felixmarkets.com
Country: United Kingdom
City: Solihull
SOURCE: Felix Markets LTD
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