I can't see a Tesla or BYD contract in the foreseeable future. There has been no mention of new customers for over a year, based on the little detail they have published I think they've been focused on surviving rather than expanding.
I can't find the presentation right now but they mentioned a new European customer some time ago, as I've posted elsewhere here I believe this is the Lambo wheels based on the timing and the heat protective coating seen in some pictures, but it is very odd that there has not been a press release on it. So without a teaser of a new customer I just can't see it happening in the next 2-4 years which seems to be the development period if we look at historical announcements.
There has been mention of new programs which are still confidential, so I can only assume this is with existing customers; Ford, GM, Ferrari or JLR, maybe a combination. The new Ferrari F80 announced late last year for delivery in 2025 has carbon wheels as an option on the configurator but that's only 799 cars, 3,196 wheels, assuming 100% uptake of the option. Not exactly a game changer.
Also, to the first post in the thread, "2025 will likely be the most critical year for CREV. With the new $25M funding from OIC (and possibly $40M later)" I think the $25 mil announced is part of that $40 mil, so there is only $15mil left to draw down on from the initial deal. If they draw down at the same rate they did last year then the $25 mil is gone by May/June, and the remaining $15 Mil gone by Sep/Oct unless revenue changes substantially in the next 8-10 months. Having been a share holder since prior to the ASX float, they've been assuring investors of profitability within "12-18 months" for at least 6 years which makes me skeptical.
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