(Bloomberg) - Kev txais tos tsis tshua muaj siab rau Polestar Automotive Holding, lub tuam txhab hluav taws xob tshiab tshaj tawm mus rau pej xeem hauv Asmeskas, tab tom xa cov lus tsis zoo rau lwm qhov pib: Kev tshem tawm tsis dhau.
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Yog lawm, kev lag luam tsheb pib yog vim muaj kev hloov pauv raws li cov nqi roj nce siab thiab qhov xav tau kev thauj mus los huv tau nce ntxiv. Tab sis, kev nce nqi nce ntxiv thiab kev lag luam poob qis yog ua rau cov tub lag luam leery ntawm kev nqis peev uas xav tau, uas suav nrog EV cov neeg tsim khoom txawm tias muaj kev cuam tshuam ntawm kev hloov pauv tom ntej.
Polestar's tepid txais tos - cov khoom lag luam tau dhia 16% ntawm nws thawj hnub ntawm kev lag luam hnub Friday thiab tom qab ntawd poob 15% rau hnub Monday - yog qhov tseeb pov thawj ntawm qhov tsis ntseeg. Lub tuam txhab hluav taws xob Swedish tau mus rau pej xeem tom qab kev koom ua ke nrog lub tuam txhab kuaj dawb Gores Guggenheim Inc. Lub tuam txhab tus nqi lag luam sawv ntawm kwv yees li $ 24 nphom raws li hnub Monday kaw.
Matthew Maley, tus kws tshaj lij kev lag luam ntawm Miller Tabak + Co tau hais tias "Tam sim no qhov nyiaj tau los no tau ploj mus, cov tub ua lag luam yuav tsum rov qab ntsuas dua. cov npe EV no."
Tighter kev ua lag luam tej yam kev mob tsis yog tib obstacles ntsib startups. Cov kev sib tw muaj ntau heev, nrog rau cov nqi raw khoom nce ntxiv, cov khoom lag luam tsis txaus tsis kam tso tawm thiab cov nqi tsheb siab yuav ua rau hnyav rau qhov xav tau. Txhua tus tshiab nkag mus rau EV kev lag luam yog nyob rau hauv qhov xwm txheej tshwj xeeb, txij li cov khoom siv hauv EV roj teeb tau pom qee qhov kev nce nqi siab tshaj plaws, yuam cov tuam txhab kom nce tus nqi ntawm lawv cov tsheb kim, tsheb thauj khoom thiab SUVs.
Nyob rau hauv tas li ntawd, cov automakers tseem tsis tau muaj loyal cov neeg muas zaub los lean rau. Qhov ntawd yog qhov txiaj ntsig zoo rau cov neeg muaj zog xws li General Motors Co., Ford Motor Co. thiab txawm tias EV tus thawj coj ua lag luam Tesla Inc.
Greg Martin, tus thawj coj thiab tus tsim ntawm Rainmaker Securities tau hais tias "Thaum koj siv nyiaj zoo li no rau lub tsheb, tsawg kawg koj xav kom nws ntseeg tau thiab paub tias lub tuam txhab yuav nyob ib puag ncig ob peb xyoos,"
Ntau tus neeg tsim khoom EV tsis ntev los no tau pom thawj zaug kev txaus siab rau lawv cov khoom lag luam evaporate. Anaheim, California-based Phoenix Motor Inc. tab tom ua lag luam ze li ntawm 11% qis dua nws lub Rau Hli 7 IPO tus nqi ntawm $ 7.50 ib feem. Rivian Automotive Inc. tau poob 64% txij li thaum nws pib thaum lub Kaum Ib Hlis, thaum Luxembourg's Arrival SA tau poob ntau dua 90% txij li tau teev npe hauv Asmeskas.
Lawv yog ib feem ntawm qhov dav dav ntawm qhov tsis muaj zog ntawm IPOs tsis ntev los no raws li cov tub ua lag luam txaj muag ntawm kev pheej hmoo vim muaj kev lag luam siab dua - qhov laj thawj tseem ceeb uas qhov no yog thawj ib nrab tsis muaj zog nyob rau ze li ob xyoo caum rau cov khoom lag luam thoob ntiaj teb.
Txawm li cas los xij, kev ntsuas kev lag luam ntawm EV startups Rivian lossis Lucid Group Inc. tseem tsis tau muaj kev cuam tshuam tag nrho cov kev pheej hmoo, cov kws tshaj lij tau hais. Tam sim no Rivian muaj nqis txog $ 26 nphom, thaum Lucid Group sawv ntawm ib ncig ntawm $ 31 nphom. Nyob rau hauv kev sib piv, ib puas xyoo pua Ford, uas muaj ib tug slew ntawm EVs tawm nyob rau hauv ob peb xyoos tom ntej no, muaj nqis txog $48 billion.
Rivian sib koom ua lag luam ntawm ntau yam ntawm 129 npaug ntawm nws qhov muag, thiab Lucid ntawm 359 zaug. Rau Ford, tus lej ntawd hovers ib ncig ntawm 0.4 npaug, raws li Bloomberg cov ntaub ntawv. Rau EV trailblazer Tesla, feem ntau thuam rau nws tus kheej tus nqi siab, tus nqi-rau-muag ntau yog 12.
"Tag nrho EV sector - Tesla suav nrog - tseem tshuav nqi ntau dua raws li ib qho kev ntsuas ib txwm muaj," said Steve Sosnick, tus thawj tswj hwm ntawm Interactive Brokers. Thaum cov tub ua lag luam tseem txaus siab them tus nqi them rau qhov kev cia siab ntawm EV yav tom ntej, yeej tsis yog txhua qhov kev lag luam pib tuaj yeem ua tau raws li cov lus cog tseg uas lub khw tau nqi, Sosnick tau hais. "Qhov ntawd tau cog lus tias yuav muaj kev sib tw ntau dua ua ntej thaum cov tub ua lag luam cuam tshuam rau qhov kawg yeej thiab poob."
(Ib qho dhau los tau kho qhov kev siv rau IPO hauv xov xwm.)
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