RE:Lion Electric battery plant ...Lion Electric market valuation ... 1.9B$ for only 300 EV on the road ... so far.
So you can see that it's all about expectation of future growth, now.
HPQ and PYR's turns are approaching. We just need officially solid commercial contracts to see the market valuation spike.
Lion Electric ...
(11/30/2020) – The Lion Electric Company announced today it intends to combine with Northern Genesis Acquisition Corp. (NYSE: NGA), a publicly traded special purpose acquisition company (SPAC). Upon closing of the transaction, a wholly-owned subsidiary of Lion will merge with and into Northern Genesis, and Lion is expected to be listed on the New York Stock Exchange (NYSE) under the new ticker symbol “LEV.”
Founded in 2008, Saint-Jrme, Quebec based Lion is an established industry leader in all-electric medium and heavy-duty urban vehicles, with over 300 vehicles currently on the road and an impressive operational track record of over 6 million miles driven.
Transaction includes a $200 million fully committed private placement of common shares in Lion (PIPE). The pro forma implied market capitalization of the combined company is $1.9 billion, at the $10.00 per share per share PIPE subscription price.