They are also in unannounced concept and research vehicles which I suspect may include Jaguar and Range Rover vehicles. They were in the tracked vehicle Wozniak was involved in to travel to the South Pole, the world's fastest electric motorcycle, hybrid racecars, the world's fastest manned electric airplane, Neil Young's Lincvolt, and (in the marine market) electric powered yachts. They power city buses in Denver as well as Proterra and Hino and are helping startups in the airport shuttle market. They powered London cabs during the summer Olympics. They power vehicles being built and tested for fleets such as for the Post Office, and UPS as well as some smaller local companies' fleets for plumbing and electric services. In the military arena they are used for vehicles being tested at Ft. Carson for their huge grid independence project and were in the competition for humvee class hybrids. They also power trucks used to run perimeter security for military bases. For competitive reasons they have to keep many projects protected with confidential non-disclosure agreements. They may also be in the construction equipment marketplace. Their technology is based on permanent magnet motors and have a design for motors which do not use rare earths in case there is another huge runup in prices for rare-earth permanent magnets which was funded by the DoE.
Electric powered high altitude drone airplane. UQM has been in electric planes and Eric said the UQM aircraft market was in drones. FB wants to use it to re-transmit the web from high altitude, but there are other applications as well.
Old news. The Electric drive they were referring to was actually the batteries. Now they are using the batteries made in China by NEVS' sister company. Last I heard they were still using UQM motors in all their development. The SaabsUnired blog is a somewhat reliable source of later information.
San Francisco Chronicle reported that the 2 were in talks. Some speculate that Apple wants to buy Tesla, others that they may do a joint venture to build a giga-factory to build lithium batteries that would double the world's production. Do a search.
EVS has finished the development of the electric car. There are several ways of fitting the batteries the car but not many ways to do it in order not to compromise the driving experience. One of the key factors for the engineers at Saab has been to maintain or even improve the drivers experience of the car and thus the batteries have been placed in the car in such a manner that it wont affect the passenger space nor deteriorate the driving experience. A lot of focus has thus been placed on the weight and balance of the car.
Tuesday I visited NEVS and had the honor of taking a few laps on Saabs test-track together with their lead-testdriver Kjell Olofsson, who is a former rally driver and part of the Saab Performance Team. One of the things he told me was, just because its an electric car, it can still be a lot of fun to drive! Even a lot more fun than a conventional gasoline car.
In a few weeks the base-plate of the car is ready for production and thus the production line needs to be rebuilt in order to accommodate the new product that is to be built on the production line. Both the electric and gasoline version of the 9-3 will be produced on the same line and the electric cars will be shipped of to China to have the batteries installed. Having the batteries installed in China is both financially and more environmental friendly than first shipping the batteries to Sweden for complete assembly.
200 Electric cars will built before April to be part of a test-fleet in China, some electric cars will also stay in Sweden for further testing. This also means that an increase in the production rate will take place.
Saab. Look at Saabsunited and "Saab is alive again – it will become an electric car". They are practicing in the factory, but there are a lot more employees than just the factory workers.
Waiting for Godot?
So, the way I think about is that if the big boys are willing to pay $1.85 share for a stock that the market says is worth ~1.60 then the warrant is worth about .25. The warrant allows them to buy 1/2 share at 2.125/share six months from now. So the market is saying that for the warrant to be redeemable at the rate of 2 warrants per share, the stock should be selling for more than .50 plus 2.125 or over $2.65 plus the risk factor that it doesn't get that high. So I think the market is saying that the stock will be somewhere above 2.75 to 3.00 a share in the period beginning 6 months from now until the warrants expire. At least that's what the big boys expect.