 Hello in this video. We'll go and talk about Leon electric or lion electric, which is a SPAC merger NGA SPAC merger with no northern Genesis Merging with Leon electric. So we'll go through this what we're going to go through in the video is basically some information on the stock some background research some Research on the stock but also where I see the stock going in the future I'm going to go through a wide range of information in this video But I'm going to keep it concise and condensed as much as possible But I just want to show you my research and and what we know about the stock so far and whether I think that it's a Potential buy I do actually hold the stock. I actually got it. I can tell you in a second I got my I'm an average price of twelve dollars and fifty nine and I'm up eleven point eight nine percent already I'm up, you know nearly twelve percent already So I think that this has got a lot of potential this stock. I really do in terms of long term But also the medium term I've got to say that I'm not a financial advisor. I do Teach business in my daily life But I'm by no means an expert on the stock market or any or anything like that So obviously do your own research as I'm sure you you're all doing as well, which is which is brilliant But let's get without favor do because I respect your time. Let's get right into the information So so so about line line electric cars an innovative manufacturer of zero emission of vehicles We think design and manufacture all electric school buses midi mini buses for special needs or urban transit transit as well as urban trucks Leon positions itself as a leading OEM in transportation of electrification in North America We design manufacture and assemble all components of our vehicles In terms of the every every area of it in terms of the the chases the batteries packs cabin and power train Always actively seeking new technologies Leon vehicles have unique features that are specifically Adapted to its users and it's every day. We believe that transitioning to all electric vehicles will lead to majority To major improvements in our society environment and overall quality of life so this is this is a bit about Leon electric One of the competitive advantages you could say that this brand Has this brand of electric vehicles is that they're trying to design everything in house Now that does lead to potential research and development costs, but that also leads to potential competitive advantage by by actually Producing things in house and manufacturing up and assembling all the components as it says there So that's very that's very interesting. Oh, by the way, if you're new to the channel I am a you know small stop market channel So if you leave the video of thumbs up that'd be highly highly appreciated It gets it up in the YouTube algorithm And if you're new to the channel, please please subscribe but getting back into the information Okay, so it's market capitalization is at 1.9 billion It was founded in 2008 So this back this this merger with Leon electric that you know They've been around for quite some time. This isn't some sort of new company. That's just come out a year or two ago They have been Going for a long time, which is good to see because we'll have a lot of historical Information that we can look back on in terms of how they've Developed over time as well Now 300 current 300 vehicles are currently on the road with over six million miles driven So in terms of that, you know the operational aspect there It's showing that the vehicles are of good quality if six million miles are being driven on these vehicles It shows that they're continuously being used and that they are Hopefully as far as we are we're aware so far of good quality and that's 300 of them 250 truck and bus deliveries are planned for 2021 So in terms of the market growth and sales growth That's what they're trying to focus on there in trying to actually increase the amount of vehicles that are being sold Which is good to see So this is some pictures of some of the trucks that are available from Leon electric, okay So it says here our all electric class 6 and class 8 commercial urban trucks Combine power comfort and modern technology We have thought and designed and these heavy-duty electric vehicles to make them meet the Expectations of the industry now obviously by going electric you can reduce your operating costs in terms of you know, no gas So, you know, there is an incentives for for businesses and and institutions to go to electric vehicles because it reduces their operating costs and what Leon electric are trying to do is to provide this multitude of options here in for electric vehicles Batteries another point here is interesting which is batteries and chargers And charge a larger on-board energetic capacity amount that can supply the vehicles propulsion and equipments So that they've got a big emphasis on batteries and charging which is obviously a really important part of an EV Okay, I just thought that was just important to know on one of the slides So some of the people involved with Leon electric So we've got mark who's Foundedly on in 2008 in bodies is passioning to revolutionize the heavy-duty vehicle industry by electrification Announced the most important points are 20 years of experience in very senior positions So, you know, you got an experienced sort of CEO Who's who's been in business for a long time? And you know, it is good to to have an experienced CEO You know, hopefully makes the right decisions and you know, that reduces risks And and that's that's good Then you've got Nicholas joined in 2019 15 years of its investment banking experience So in terms of leading IPA transactions long-term track record in tech and renewable energy So you specifically in the Sort of part of the industry there that that is important for this company And you've got you're in co-founded In terms of northern Genesis and the acquisition that's going to go through there, you know, 30 years of experience there She's brilliant Okay so the mission so what is the mission of of Leon electric so what they want to do is be the leader in design and manufacturing and distribution of all electric medium and heavy Duty urban vehicles So they have got a strategic mission here and they are focused with this mission on particular types of electric vehicles These are not electric vehicles You know in terms of comes business to consumer to you know, you're out, you know, you're passing on the street sort of thing You know, they're not aiming the vehicles at consumers business to consumers They're very much linked to business to business or business, you know, it's a different industries And institutions so that they've got a different target market that they got they're going after after and that and that is There's also very lucrative target market as well so their 20 24 vision is 20,000 annual vehicle sales, which is a lot more than what it is now The next bit is 50% Vehicle cost reduction So I think that's in terms of that the manufacturing of the vehicles because with economies of scale as they're able to Manufacture more of these vehicles that can get the costs down Which means a cheaper price for potential buyers and that just as a snowball effect If you can get it cheaper price Then you go you're more likely to even sell even more of the vehicles as well So that's what's part of that vision there And here 3.5 billion annual revenue is what they're hoping for in 2024 it's good that they've got a long term strategic vision there, but we have to be you know cautious You know that they're obviously putting this in their investor presentation, you know I've taken screenshots and excerpts from it just to the key points Don't make this into too long of a video Okay, so some of the key areas here in terms of the investments So it's a leading medium and heavy-duty of an electric vehicle platform Targeting 110 billion annually Winning commercial strategy, so it's trying to establish Relationships with top tier players so in terms of building business Relationships with people who are going to need or with businesses that are going to need these electric vehicles 10 plus years of all electric vehicle Research and development and manufacturing experience and providing in-house industry expertise That is incredibly important because the success of Electric vehicle company particularly in this space the success of it is very much predicated on their research and development They need to provide high quality vehicles that are As a high quality essentially and a way to do that is by you know putting money into research and development so that they can innovate and create Vehicles that are better than anything else on the market in that particular space Strategic initiatives for US manufacturing advanced battery system and new customers favorable total cost of ownership Today and significant improvements by 2024 So in terms of getting the ownership cost of the vehicle down which is which is good and You know, there's there's a lot of aspects there as you can see that they're working on or or a building towards So some of the positives to quickly go through these Good leadership team. So as we can see from that from what we saw it does seem that they've got Experienced people involved in the company, which is which is important. The next bit is it's a solid strategic direction They've got they know what their target market is they know what they need to produce and it's just about building towards that strategy So they've got a strong strategic direction They're not competing with Tesla and EO and a lot of these that you know business to consumer sort of vehicles mainly business to consumer business to customer So they're not competing with them, which I mean both area, you know, these kind of business to business kind of truck Electric vehicles there is some competition out there But maybe a bit less competition compared to the business to consumer. So so that's that's that's good less competition means higher potential profitability possibly Product availability Well, yeah, so they've actually got a product built some of these SPAC mergers they don't sometimes they don't even have a working product and You know and that's not great So, you know the fact that they've actually got a product and they're available and it's being used on a daily basis by You know, however, however many was it 300. I'm sure it's more by now So it's been used and they've got the product available, which is good. And that's a positive history of sales in terms of selling these Vehicles which is brilliant. It's an emerging industry and sector in terms of electric vehicle You know, it's government backed in the sense of, you know, we want to go more environmentally friendly So it's kind of a government backed industry It's an emerging industry because you know in the future, we're only going to see more electric vehicles be it vans be it You know be it trucks be it Normal, you know cars will we're going to see more electric vehicles? And it's got expansion plans as well in terms of trying to always expand and scale up the business So there's quite a few positives to this stock. We have to bear in mind the price But it's that at the minute But just some negatives I want to be fair it because you know, I want to give I don't want to be one of these youtubers that is just hyping up a stock, you know some great youtubers out there, but you know I don't want to be one of those that is is all sort of just hyping a stock up just for the sake of it I do want to be real realistic here and and you know provide a balanced approach to this So there is some some negatives potential negatives. So we've got EV hype first of all So, you know, a lot of people have been investing in electric vehicle stock We've had this massive spike in the stock price So we've had this kind of EV hype here now You can say it's justified because it is an emerging industry absolutely But it's something that we do have to bear in mind in terms of what Price do we want to enter on the stock? Okay, so we've got to bear that in mind when thinking of this The second part is it's speculative. So it's quite the speculative area. Okay, and the third part is Volatility in terms of the stock price at the minute is is is up and down quite a lot There's a bit of volatility with the stock. Okay So there is some some stuff to consider there, but there is more positives that outweigh the negatives there So that's the main point there So the stock price right now is sat at $14 and 74 on the Pre-market, so it's actually up 3% 3.44% on the pre-matte After hours, so that is that's you know, sir That's really good for me because that means I'm close to what like nearly 15% up now, so Yeah, so this might drop slightly again and and you know just monitor the stock I'd put it on your watch list tried to get it You know under 14 if you can if it goes like 1350 or something Maybe try get it get it at that if it goes below there again or 1380 maybe Or just buy it buy a little bit now But I think this is stock has got a lot of potential to grow 50 60 70 percent certainly within the next day You know a few weeks or so so and certainly keep this on your radar this stock I hope this video helped you out if it did, please leave the video a thumbs up It will really appreciate it as a small channel. 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