Microvast: The Best EV SPAC May Have Arrived
EV adoption is rising, but historically has been hindered by a lack of good enough battery technology.
Microvast is one of the first movers in battery tech and, by building a battery from the ground up, has exceeded most competitors.
The company has a substantial backlog that exceeds any other EV SPAC, yet it's trading at a discount to these competitors.
The main risk is that changing battery technology could lead to other battery tech companies finding a way to increase battery performance
https://seekingalpha.com/article/4402962-microvast-best-ev-spac-may-arrived