I have similar concerns on the decision to become OEM for EV trucks. On one side they are saying they don’t want to get into “capex heavy” areas and on the other side this decision to become OEM will ensure they have to do heavy capex. Besides I don’t know how much margin they will make in this business, and how they will compensate for the lack of previous experience of running such a business. Partnering with one of the existing OEM would have been a less risky strategy along with faster time to market.
Without conference calls, hard to get insights into the reason for this management decision.
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