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Lion Electric $NGA weekend speculative DD: Why Amazon might be a factor in their new US factory location. (THREAD)
Upon the announcement of the definitive agreement, Lion announced that they plan on using the proceeds from the transaction for their new US factory.
(1/14)
Upon the announcement of the definitive agreement, Lion announced that they plan on using the proceeds from the transaction for their new US factory.
(1/14)
In the Dec 2020 investor presentation, Lion $NGA announced that they're evaluating different sites for their US factory (to announce by EOY).
Amongst other states, Michigan was one of the choices for evaluation.
(2/14)
Amongst other states, Michigan was one of the choices for evaluation.
(2/14)
Marc Bedard (Lion $NGA CEO), announced that they plan on buying and updating an existing factory as part of their plans.
https://financialpost.com/technology/how-lion-electric-scrapped-plans-for-a-solo-ipo-jumped-on-the-spac-bandwagon-and-ended-up-with-a-us1-9b-valuation
(3/14)
https://financialpost.com/technology/how-lion-electric-scrapped-plans-for-a-solo-ipo-jumped-on-the-spac-bandwagon-and-ended-up-with-a-us1-9b-valuation
(3/14)
In the investor presentation, Lion $NGA highlighted that they have a multi-year purchase agreement of 2,500 Lion6 and Lion8 trucks to a mystery customer.
This agreement was executed in June 2020.
(4/14)
This agreement was executed in June 2020.
(4/14)
In September 2020, Lion $NGA confirmed an order from Amazon to deliver 10 Lion6 trucks for middle-mile trucking operations.
Within the same announcement, Lion hinted at the possibility of establishing a new manufacturing site in the US.
https://insideevs.com/news/445466/lion-electric-pilot-order-amazon/
(5/14)
Within the same announcement, Lion hinted at the possibility of establishing a new manufacturing site in the US.
https://insideevs.com/news/445466/lion-electric-pilot-order-amazon/
(5/14)
Marc Bedard (Lion $NGA CEO) announced that the Lion6 trucks will be used for transporation between distribution centers in the Amazon network (from one warehouse to the other).
https://www.trucknews.com/sustainability/lion-electric-not-afraid-to-step-into-spotlight-with-amazon-order/1003145544/
(6/14)
https://www.trucknews.com/sustainability/lion-electric-not-afraid-to-step-into-spotlight-with-amazon-order/1003145544/
(6/14)
Let's take it a couple months back.
In Aug 2020, Amazon announced that they will open a new 3.8 million square foot distribution center in Michigan.
https://www.freep.com/story/news/local/michigan/detroit/2020/08/11/amazon-fulfillment-center-detroit-state-fairgrounds/3342702001/
(7/14)
In Aug 2020, Amazon announced that they will open a new 3.8 million square foot distribution center in Michigan.
https://www.freep.com/story/news/local/michigan/detroit/2020/08/11/amazon-fulfillment-center-detroit-state-fairgrounds/3342702001/
(7/14)
In September 2020, Amazon announced that they will hire for 3,600 new jobs in Michigan (warehouses and delivery stations).
https://www.detroitnews.com/story/business/2020/09/14/amazon-hire-3600-new-jobs-michigan/5793176002/ $NGA
(8/14)
https://www.detroitnews.com/story/business/2020/09/14/amazon-hire-3600-new-jobs-michigan/5793176002/ $NGA
(8/14)
In July 2020, Lion Electric $NGA registered a business (as foreign profit corporation) in Plymouth, Michigan.
https://michigan-company.com/co/the-lion-electric-co-usa-inc
(9/14)
https://michigan-company.com/co/the-lion-electric-co-usa-inc
(9/14)
Guess who is based in Plymouth, Michigan?
Rivian!
https://detroit.curbed.com/2020/1/7/21055304/rivian-office-headquarters-plymouth-albert-kahn $NGA
(10/14)
Rivian!
https://detroit.curbed.com/2020/1/7/21055304/rivian-office-headquarters-plymouth-albert-kahn $NGA
(10/14)
Amazon is one of the biggest investors in Rivian.
In September 2019, Amazon announced it would purchase 100,000 electric vans from Rivian as part of their Climate Pledge.
https://www.cnbc.com/2020/10/08/amazon-new-electric-delivery-vans-created-with-rivian-unveiled.html#:~:text=Amazon%20debuts%20electric%20delivery%20vans%20created%20with%20Rivian,-Published%20Thu%2C%20Oct&text=In%20September%202019%2C%20Amazon%20announced,of%20100%2C000%20vehicles%20by%202030. $NGA
(11/14)
In September 2019, Amazon announced it would purchase 100,000 electric vans from Rivian as part of their Climate Pledge.
https://www.cnbc.com/2020/10/08/amazon-new-electric-delivery-vans-created-with-rivian-unveiled.html#:~:text=Amazon%20debuts%20electric%20delivery%20vans%20created%20with%20Rivian,-Published%20Thu%2C%20Oct&text=In%20September%202019%2C%20Amazon%20announced,of%20100%2C000%20vehicles%20by%202030. $NGA
(11/14)
In June 2020, Rivian announced that they are moving most of their Michigan operations to Irvine, California.
https://carbuzz.com/news/rivian-is-moving-into-teslas-backyard $NGA
(12/14)
https://carbuzz.com/news/rivian-is-moving-into-teslas-backyard $NGA
(12/14)
Another article that discusses Rivian's announcement.
https://www.crainsdetroit.com/manufacturing/rivian-plans-ship-most-product-developers-plymouth-california $NGA
(13/14)
https://www.crainsdetroit.com/manufacturing/rivian-plans-ship-most-product-developers-plymouth-california $NGA
(13/14)
Finally, Michigan would make the most sense for Lion Electric $NGA.
- Proximity to their Canadian HQ + potential battery factory
- Proximity to Amazon warehouses
- Location in a legacy automaker state
DISCLAIMER: All this is pure speculation and for fun!
(14/14)
- Proximity to their Canadian HQ + potential battery factory
- Proximity to Amazon warehouses
- Location in a legacy automaker state
DISCLAIMER: All this is pure speculation and for fun!
(14/14)
