ATIF Holdings Signs Definitive Agreement with Solarever Ltd., a Leading Solar Energy Company in Mexico
About Solarever:
- Leading designer and manufacturer of solar products, including photovoltaics (PV) panels, energy storage systems, electric vehicles (EV), and other zero-emission solutions operating in solar and electric vehicle sectors
- Solarever is the first and currently only domestic electric vehicle company in
Mexico that has been granted electric vehicle safety certification and an EV dealer's license. Solarever is qualified to import electric vehicles toMexico . - Owns
Latin America's largest solar panel manufacturing plant inTecoman, Colima, Mexico , and has a total of three plants inMexico that are considered some of the largest inLatin America - Solarever is considered one of the largest producers of solar panels in
Mexico and currently does business in over five countries, including theU.S . - Launched its first EV in 2022 and is licensed to sell EVs in
Mexico fromUS$14,500 - PV design facility in
Chino, California , and warehouse facilities inLaredo, Texas , andSan Diego, California
Why it matters:
- Solarever is seeking an initial public offering to scale production across its PV, energy storage solutions, and EV operations
- Solarever is a highly-respected leader in PV-based solar technologies and energy storage solutions and has grown revenues since its founding in 2012
- Solarever is well-positioned to operate in fast-growing industry sectors related to energy decarbonization and decentralized energy
- Global solar capacity installations totaled about 158 GW in 2021, up from about 130 GW of new capacity in 2020[1]
- Solarever has begun production of the SEV e-Wan EV with sizable customer interest and purchase orders
- In 2021, global EV sales accelerated in volume and market share, where 6.6 million plug-in vehicles were sold in 2021, a greater than 100% increase compared to three million sold in 2020 and 2.2 million in 2019. Including hybrids, EV sales represented about 9% of the global new-car market in 2021, up from 4.1% in 2020 and 2.5% in 2019[2]
- It is anticipated that as compared to 2021, worldwide EV production will increase by 37% in 2022[3]
- Global EV market penetration rates are forecast to rise from 4% in 2020 to 30% by 2030, while global electric vehicle sales are forecast to increase ten-fold from 3.2m units in 2020 to 36.0m units in 2030[4]
"We believe that solar energy development and infrastructure are vital to maintaining energy security and removing harmful CO2 emissions. Solarever has been doing business in
"In turbulent capital markets like we're witnessing today, experience matters more important than ever. I invite everyone to visit ipoex.com to review the companies that have successfully gone public with our IPO advisory services. Our model simply works - we provide a 'one-stop-shop' platform that allows innovative companies like Solarever to focus on growing their business. At the same time, our team helps lay the foundation for a well-received IPO and life as a publicly-traded company," concluded
[1] according to S&P Global Commodity Insights |
[2] according to the |
[3] according to IHS Markit |
[4] according to BloombergNEF |
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Forward-Looking Statements
Certain statements made in this release are "forward looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words "estimates," "projected," "expects," "anticipates," "forecasts," "plans," "intends," "believes," "seeks," "may," "will," "should," "future," "propose" and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantee of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company's control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, are: future financial and operating results, including revenues, income, expenditures, cash balances and other financial items; ability to manage growth and expansion; current and future economic and political conditions; ability to compete in an industry with low barriers to entry; ability to obtain additional financing in the future to fund capital expenditures; ability to attract new clients, complete projects for clients, and further enhance brand recognition; ability to hire and retain qualified management personnel and key employees; trends and competition in the financial consulting services industry; a pandemic or epidemic; the occurrence of any event, change or other circumstances that could affect the Company's ability to continue successful development and launch of its NFT collection; the possibility that the Company may not succeed in developing its NFT platform and business due to, among other things, changes in the business environment, competition, changes in governmental regulation, or other economic and policy factors; the ability of the Company to continue compliance with the development of applicable regulatory regulations in connection with blockchain, digital assets and the NFT industry; the possibility that the Company's ongoing NFT services may be adversely affected by other economic, business, and/or competitive factors; and other factors listed in the Company's annual report on Form 20-F and other documents filed with the
For investor and media inquiries, please contact:
In
Tel: +86-139-2726-7157
Email: anna@atifchina.com
In
Strategic Investor Relations, LLC
President
Tel: 646-828-8710
Email: matthew@strategic-ir.com
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