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Three Stocks That Fuel EV Development

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EV companies in stock market

Many electric vehicles will make their debut over the next 24 months. It will still take time for EVs to entirely replace their gasoline counterparts. However, the pace at which battery technology gets developed can greatly speed up the adoption as it is aimed at making their price much more affordable. EVs need an infrastructure and a lower price tag to become a truly valid replacement. But there are three players which can resolve this barrier.

Reducing the cost of critical components – Aptiv

Aptiv (NYSE:APTV) doesn’t make electric cars but supplies the EV industry with critical components. Its E-Mobility division includes high-voltage electrical connectors and wires, charging cables, active cooling systems to monitor and dissipate heat generated by high-voltage charging, and electrical safety systems. Its stock hasn’t recovered since the March lows, but the enthusiasm for its products should bounce back with the recovery of EVs that were far less hit by the pandemic than the traditional automotive industry.

Reducing the cost of batteries- Panasonic

Panasonic Corporation (OTC:PCRFY) was also hit hard during the pandemic and it is still on the road to recovery. The key to the electric is found in batteries. Panasonic is the leader when it comes to production of batteries that hybrids, plug-in hybrids and all-electric vehicles need.

Both Tesla (NASDAQ: TSLA) and Toyota (NYSE:TM) have joined forces with Panasonic to manufacture batteries for their EVs. Panasonic reported the first quarterly profit from its Tesla battery business already in February. When economies of scale kick in, costs are expected to decrease and helping to improve that profitability.

Making complex technology affordable

Worksport Ltd (OTC: WKSP) is already established as an innovative manufacturer of affordable tonneau covers, the best-selling accessory of pickup trucks. But the company went even further with its TerraVis line that incorporates ground-breaking solar technology into its tonneau covers. It allows pickup truck drivers to generate and store energy providing power in remote conditions. Yesterday, the company announced it is in active negotiations to supply the TerraVis™ system to a U.S.-based Electric Truck manufacturer. The deal is expected with result revenues amounting to $70 million. The economic value of this relationship will have a profound impact on Worksport’s future growth. Moreover, the $70 million is just the beginning as the contract is likely to extend into the future.

Exceeding beyond limitations

While EVs are often portrayed as a key element of any zero-carbon future, but they are only one part of the puzzle. For them to be truly clean, the environmental footprint of the manufacturing process also needs to be green. Otherwise, they will just shift the emission from car to plant. This is why the above EV components play a great role at getting us to a zero-carbon future.

This article is not a press release and is contributed by a verified independent journalist for IAMNewswire. It should not be construed as investment advice at any time please read the full disclosure . IAM Newswire does not hold any position in the mentioned companies. Press Releases – If you are looking for full Press release distribution contact: press@iamnewswire.com Contributors – IAM Newswire accepts pitches. If you’re interested in becoming an IAM journalist contact: contributors@iamnewswire.com

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Worksport™ & Atlis Motor Vehicles form Collaborative Partnership

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Atlis Partnered with Worksport OTC:WKSP

TORONTO – Sept. 22, 2020 — Worksport Ltd (OTC: WKSP) (or the “Company”) has entered into an agreement with Atlis Motor Vehicles, Mesa, Ariz., aimed at configuring the TerraVis solar charging system as an OE accessory for the highly anticipated, technologically advanced Atlis XT electric pickup truck. Atlis and Worksport will begin working together immediately to integrate their engineering and design departments. They will uniquely configure the TerraVis’™ Solar Truck Bed Power System to provide the Atlis XT Truck with a meaningful source of recharge power from its integrated Solar Panels.

This is the second recent agreement that Worksport has struck with a U.S. based EV Truck manufacturer to become its OEM partner and create a customized TerraVis’ solar panel tonneau cover for the company’s forthcoming all-electric pick up truck.

The aggressively priced Atlis XT truck comprises many market-leading features including 15-minute charge time, 500-mile range, and 35,000lb towing capacity with an estimated million mile working life.

“This new collaboration agreement with a market-leading manufacturer continues to prove out our business model and demonstrate our bright future and large upside,” said Worksport CEO Steven Rossi. “It follows closely on our previous announcement to be the OEM partner for a customized solar truck bed power system.”

Worksport recently made the first public disclosure of details about TerraVis , the very first advanced folding truck bed tonneau cover system to be a fusion of cutting edge solar power, storage, and delivery. The platform takes advantage of a standard pick-up truck’s practical capabilities, while also utilizing the power of more sustainable and renewable energy. Proprietary, high efficiency solar panels built into the rugged tonneau cover—the likes of which Worksport has become widely known for—will collect the sun’s rays and store energy in multiple battery banks.

In addition to Atlis, Worksport has been fielding a number of inquiries from other manufacturers, the media and investment community as well as business interest from organizations in Holland, Germany, Australia, Spain, multiple U.S. and Canadian companies.

“TerraVis’™ Solar Truck Bed Power System introduction not only has rewarded the hard work in developing a technological breakthrough, but it is also transforming the company’s future almost immediately,” Rossi said. “It is a real and meaningful game-changer. However, we wish to assure customers and investors that Worksport will continue to focus on growth as the lead innovator and manufacturer in the Global Automotive Market for tonneau covers for electric and conventional light trucks.”

As it did with its open investor Q&A September 21, the Company will continue to update shareholders, supporters, and investors to maintain the highest level of disclosure and information dissemination as Worksport continues to grow and develop at a very rapid pace.

Any interested investors or shareholders are encouraged to follow the company’s social media accounts on Twitter, Facebook, LinkedIn, and Instagram as well as sign up for the company’s newsletters on both www.worksport.com and www.goterravis.com, to stay up to date on all of the latest news.

About Worksport Ltd.

Worksport Ltd., an innovative manufacturer of high quality, functional, and aggressively priced tonneau/truck bed covers for light trucks like the F150, Sierra, Silverado, Canyon, RAM, and Ford F-Series. For more information please visit www.worksport.com. Currently listed on the OTCQB Market under the trading symbol “WKSP.”

Connect with Worksport:

LinkedIn
Facebook
Twitter
Instagram
YouTube

For further information please contact:

Mr. Steven Rossi
CEO & Director

LinkedIn

Twitter
Worksport, Ltd

T: 1-888-554-8789
E: srossi@worksport.com

Forward-Looking Statements

This document may contain forward-looking statements, relating to Worksport, Ltd. operations or to the environment in which it operates, which are based on Franchise Holdings International Inc. operations, estimates, forecasts and projections. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict, and/or are beyond Worksport, Ltd’s ’s control. A number of important factors could cause actual outcomes and results to differ materially from those expressed in these forward-looking statements. Consequently, readers should not place any undue reliance on such forward-looking statements. Worksport, Ltd. disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. No Stock Exchange or Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

 

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Worksport to Host Live Investor Conference and Q&A on YouTube Live

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Worksport Terravis Charging System

TORONTO – Sept. 18, 2020 – Worksport, Ltd, (OTC:WKSP) (or the “Company) is announcing that it will be holding an open Video Conference and Q&A Session on Monday September 21, 2020 at 5 p.m. Eastern Standard Time. Worksport CEO Steven Rossi will host the Conference and Q&A, which will be presented by YouTube Live. Rossi will be available online to answer questions. All are encouraged to join the open forum discussion and participate by asking questions on YouTube Live or by sending questions in advance to connect@worksport.com. For those who cannot attend, a video recording will be available on the company’s YouTube channel immediately following the presentation. Those wishing to participate are encouraged to follow the link below or access the Worksport’s YouTube channel at the date and time provided below.

“This is an open and unscripted Q&A session that we aim to make a frequent habit as we move forward and grow,” said Rossi. “We encourage anyone and everyone to participate by asking questions in advance or live. We aim to answer any reasonable questions, but as a reminder we cannot answer any questions relating to non-public information.”

Hosted by Mr. Steven Rossi

Monday September 21, 2020

5 p.m. EST

Link: https://www.youtube.com/watch?v=JQ4mWJnCoWs&feature=youtu.be

Email Questions: connect@worksport.com

 

Any interested investors or shareholders are encouraged to follow the company’s social media accounts on Twitter, Facebook, LinkedIn, and Instagram as well as sign up for the company’s newsletters on both www.worksport.com and www.goterravis.com, to stay up to date on all of the latest news.

 

About Worksport Ltd.

Worksport Ltd., an innovative manufacturer of high quality, functional, and aggressively priced tonneau/truck bed covers for light trucks like the F150, Sierra, Silverado, Canyon, RAM, and Ford F-Series. For more information please visit www.worksport.com. Currently listed on the OTCQB Market under the trading symbol “WKSP.”

Connect with Worksport:
LinkedIn
Facebook
Twitter
Instagram

For further information please contact:

Mr. Steven Rossi
CEO & Director

LinkedIn

Twitter
Worksport, Ltd

T: 1-888-554-8789
E: srossi@worksport.com

 

Forward-Looking Statements

This document may contain forward-looking statements, relating to Worksport, Ltd. operations or to the environment in which it operates, which are based on Franchise Holdings International Inc. operations, estimates, forecasts and projections. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict, and/or are beyond Worksport, Ltd’s ’s control. A number of important factors could cause actual outcomes and results to differ materially from those expressed in these forward-looking statements. Consequently, readers should not place any undue reliance on such forward-looking statements. Worksport, Ltd. disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. No Stock Exchange or Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

 

 

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Worksport™ Provides Update for TerraVis™ OEM Supply Agreement

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Worksport WKSP

TORONTO – Sept. 15, 2020 — Worksport Ltd, (OTC:WKSP) (or the “Company), will require additional time to make a formal announcement of its first TerraVis’ solar truck cover partnership with a U.S. based Electronic Vehicle manufacturer. This is the result of broadening discussions between both companies, beyond the initial supply partnership agreement announced earlier this month.

The TerraVis’Solar Truck Bed Power System, for its first OEM partner, will be uniquely configured so that TerraVis will provide the EV Truck, with a meaningful source of recharge power, from its integrated Solar Panels. The partnership between the two companies is expected to generate US$70 million in revenues for Worksport in the near-to-mid-term, according to Worksport CEO Steven Rossi.

Management from the companies are engaged in active discussions, expanding beyond just the initial supply partnership agreement. Discussions are now centered towards additional synergies that are leading towards further opportunities between the companies. Details are expected be made publicly available soon.

As well, Worksport has had business interest from organizations in Holland, Germany, Australia, Spain, multiple U.S. and Canadian companies as well as overwhelming interest from journalists and those within the investment community. TerraVis, much more than a solar panel truck bed cover, is a fully integrated, scalable system pairing on-demand zero emissions solar power with an unmatched cargo bed usage experience meeting pickup truck owners’ needs as they expand and change.

“This is an extremely pivotal and exciting time for Worksport,” said Rossi. “We are proceeding with optimistic caution and believe this is history in the making. TerraVis is poised to off-grid the future EV-Truck off-road experience”

The Company will frequently update shareholders, supporters, and investors to maintain the highest level of disclosure and information dissemination as Worksport continues to grow and develop at a very rapid pace.

Any interested investors or shareholders are encouraged to follow the company’s social media accounts on Twitter, Facebook, LinkedIn, and Instagram as well as sign up for the company’s newsletters on bothwww.worksport.com and www.goterravis.com, to stay up to date on all of the latest news.

About Worksport Ltd.

Worksport Ltd., an innovative manufacturer of high quality, functional, and aggressively priced tonneau/truck bed covers for light trucks like the F150, Sierra, Silverado, Canyon, RAM, and Ford F-Series. For more information please visit www.worksport.com. Currently listed on the OTCQB Market under the trading symbol “WKSP.”

Connect with Worksport:

LinkedIn

Facebook

Twitter

Instagram

For further information please contact:

Mr. Steven Rossi
CEO & Director

LinkedIn

Twitter
Worksport, Ltd

T: 1-888-554-8789
E: srossi@worksport.com

Forward-Looking Statements

This document may contain forward-looking statements, relating to Worksport, Ltd. operations or to the environment in which it operates, which are based on Franchise Holdings International Inc. operations, estimates, forecasts and projections. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict, and/or are beyond Worksport, Ltd’s ’s control. A number of important factors could cause actual outcomes and results to differ materially from those expressed in these forward-looking statements. Consequently, readers should not place any undue reliance on such forward-looking statements. Worksport, Ltd. disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. No Stock Exchange or Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

 

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