Unless there's some major news, this should be my last post on...

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.