TAIG -- Off-road EV manufacturer; Cup & Handle breakout on news
A *major* sleeper in the #EV #renewables space!
- $290M mkt cap
- Raised $100M in April at $15 with no warrants
- $185M cash
- Extra $50M in govt subsidies
- $23 price target from Canaccord
- Cup & Handle breakout
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Taiga Announces $50M in Government Support for Electric Vehicle and Battery Assembly Facility
SHAWINIGAN, QC, July 12, 2021 /CNW/ - Taiga Motors Corporation ("Taiga") (TSX: TAIG), a leading manufacturer of electric off-road vehicles announced today the raise of a combined $50M in support of the Shawinigan Mass-Production Assembly Facility.
- $50M in combined support from federal, provincial and municipal governments of Taiga's Mass-Production Facility for electric snowmobiles, watercrafts, battery packs and powertrain systems in Shawinigan, Quebec.
- Utilizing cutting-edge technology, the most advanced high-volume electric powersport production facility in the world is expected to begin operations in second half of 2022.
- Once fully operational, the facility will have an annual production capacity of up to 80,000 units and 3 gigawatt-hours in battery pack and module production.
- $290M mkt cap
- Raised $100M in April at $15 with no warrants
- $185M cash
- Extra $50M in govt subsidies
- $23 price target from Canaccord
- Cup & Handle breakout
---------------------------------------------------------------
Taiga Announces $50M in Government Support for Electric Vehicle and Battery Assembly Facility
SHAWINIGAN, QC, July 12, 2021 /CNW/ - Taiga Motors Corporation ("Taiga") (TSX: TAIG), a leading manufacturer of electric off-road vehicles announced today the raise of a combined $50M in support of the Shawinigan Mass-Production Assembly Facility.
- $50M in combined support from federal, provincial and municipal governments of Taiga's Mass-Production Facility for electric snowmobiles, watercrafts, battery packs and powertrain systems in Shawinigan, Quebec.
- Utilizing cutting-edge technology, the most advanced high-volume electric powersport production facility in the world is expected to begin operations in second half of 2022.
- Once fully operational, the facility will have an annual production capacity of up to 80,000 units and 3 gigawatt-hours in battery pack and module production.
