Thanks for this. Great localised context of why tri-wheelers...

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joeycloud

149 Posts.

405

21/09/21

18:04

Post #: 56245032
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Originally posted by Pharvest: ↑

Clearly this is an innovative Indian company that's going places. The planet is going to need India to step up it's efforts toward electrification as they are a huge poluter. These guys are going to be a part of it, and they need to get their batteries from somewhere!!

Omega Seiki M1KA Electric small commercial

Omega Seiki Electric 3 wheeler

I'd like to thank the Indian gentlemen that have been on the MNS threads lately for making all of us unenlightened Aussie investors truly aware of what a massive deal this is going to be for MNS, you've gone a funny way about it, but really but it'd been really effective.

I mean it's really made me think of all the travel I've done through Asia over the years and just the mind boggling amount of light trucks, tuk tuks and scooters etc there are in in places like India, Vietnam, Thailand..just countries with massive populations. I think some westerners only think of Tesla and the big OEM's when thinking about battery investing, but we have to keep in mind electric mobility has to happen everywhere and not everyone is going to be driving a model 3 that's just the reality of the situation.

If by investing in Magnis energy, though C4V and IM3, we are helping facilitate the transition of mass electric mobility through Asia, I think that is a great thing to be part of... and what a massive market opportunity, It has to happen, be in on the ground floor I think!

Shares are on sale cheap right now, but for how long? An American listing coming! I really wish I had more funds to put into Magnis.

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Thanks for this. Great localised context of why tri-wheelers aren't any less legitimate than sedans or semi-trucks in the US. Your target vehicle class needs to match what is compatible for the road infrastructure that the consumers will be driving in. There's a reason passenger EVs like Tesla are slow to take off in India.

Here's an introductory piece from CNBC:

MNS Price at posting: 30.5¢ Sentiment: Buy Disclosure: Held
6 Upvote

0 Great analysis

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