CREV-2025, page-103

Unless there's some major news, this should be my last post on CREV. The financial data for FY2024 is extremely poor: Q1 revenue was $11.3M, Q2 $14.8M, Q3 $10M, and Q4 $8M, totaling $44M in revenue, which corresponds to the sale of about 22,000 wheels. This falls far short of their own profitability target of 45,000 units. I don’t see any possibility of profitability in the foreseeable 1–3 years.

What truly deals a fatal blow to CREV is likely BYD’s 5-minute supercharging technology. If EVs can be charged in five minutes, CREV’s claimed 5%–10% range increase becomes meaningless.

The only ways I can think of to save CREV are:

1. Business transformation — expand into aerospace or military sectors (they’ve designed wheels for helicopters before).

2. Hype the stock — stir up rumors about partnerships with Tesla, BYD, or similar companies.

I’ve run out of things to say. That’s it. Goodbye everyone.