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EV market is growing, sales increased rapidly, 17m sold in 2024

Government impact on no new ICE cars being sold - have threatened introduce legislation to forbid sale of new ICE cars by specific date (real world example UK by 2030?)

Opportunity to be a market leader before legislation comes in to place, already high Global market share 15.4%

Change in market is because of customer led on their environmental concerns - links with our mission and vision to be a sustainable company

Still opportunity to grow as market as market share varies between 12-85% between different countries

Expansion into new countries or to expand, more dealerships

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Adverse changes in the economy might lead to decrease in sales. Although Cewmlator manage costs carefully & offer value for money, EV vehicles are substantially more expensive than ICE cars.

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Cyber security,

Data privacy as a result of connecting phones to the bluetooth of the cars

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Charging point are owned by 12 different companies. If these companies do not protect the users data appropriately this will directly Damage Cewmlators reputation. - this is missing from the register

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Major factory in Eastland- could be impacted by govt policy of that country i.e tarrifs

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They are at the mercy of lithium supply chains. any disruptions here could have big effects. They have enough cash to think about backward vertical integration. they can acquire players in this market. or try to hold more stock piles

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Two big competitors Attomm and Dilson. a merger would give them 32.6% of the market share based on revenue. Is this a risk. Could we get ahead of the risk by being involved in the merger or taking over small companies in the market

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Could be a risk of cybersecurity/privacy issues with the increase of ‘the internet of things’ and car connectivity

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Constant change in Govt polices relating to EVs and Sustainability.

Movement of lithiums ajnd other raw materials in cost, This pose a risk of increase in production cost, which might ultimately reduce demands for EVs.

Expensive cost of setting up charging points across the countries.

Foreign Exchange risk i.e Translation, Transaction and Currency risk

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Strong retained earnings + borrowing total so can become market leader by acquiring

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Could face currency/interest risks by expanding overseas, so may need to think about hedging.

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4600 dealerships that we are expecting to maintain a high performance, have lots of knowledge on our cars and lots of space too. How do we monitor and regulate the dealerships

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The two more premium models Twistx and Skkorch are made in the home country. Does this give us tighter controls over production? Is it a better produced product with higher skilled workers?

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Good quality product and innovation, this is backed up by a warranty guarantee for 8 years for 160,000km

Also part of their values to offer high quality products

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Battery factories are in Eastland not Duxland, not environmentally favorable to transport - does not fit with our mission of making the world a better place

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these are absolute numbers - good sustainability reports need benchmarks and industry standards. how how do we compare to our competitors?

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"Cewmlator’s mission is to make the world a better place by providing desirable and sustainable motor vehicles."

They say motor vehicles, not just cars.

Could they expand into different markets:

Vans - Work together with delivery company (DPD, Amazon, Evri) as a collobrative partnership?

Buses - More people moving to cities, public transport becoming increasingly important. Work with the government.

Diversifying customer portfolio to spread the level of risk.

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Im not sure the Sales Director, Stella Freeman, has enough experience for Cewmlator, she was previously in the supermarket industry, doesn't have a degree and the highest previous role explicitly outlined is sale analyst, the others are just "senior roles". This might affect share price if investors hold the same belief

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8 year warranty or 160,000km, if the range decreases by 20% or more. How often does this happen? sounds like it could be costly for a free of charge replacement for the most expensive part of the car.

It does bring strong brand reputation, and potential resolves one of the customers bigger concerns of BEVs

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New transport methods or fuel sources i.e., hydrogen cars or more efficient ICE vehicles

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80,000 EV charging points owned & operated by 12 different companies in Duxland.

Each have a downloadable app where payment information is inputted - increase possibility of hacking of payment details, location.

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The questions in Happy Comic show that the younger generation is curious about sustainability. If no research is carried out into finding ways to recycles batteries, EV better, reducing emissions from EV manufacture, the next generation of consumer might find no point in switching from ICE cars, which produce less emissions in their manufacture, and the steel and iron can be easily recycled

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Cewmlator has a long history of ICE cars could this lead to PHEV/HEV product development ? Currently they only sell BEV

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Vertical integrations - resource mining & production or direct to customer selling

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Price of EV compared to ICE has dropped from 75% more expensive to 26% in 4 years - look into reasons why, as we learn more about these EV vehicles, are they not what is cracked up to be - not sustainable if this drop continues

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Still high demand and sales of ICE compared to other types of engines in 2024

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20% Growth in revenue in 2025

Increase in research cost, justifying the values of innovation

Increase in profit margin YoY

12.9% Dividend payout, in line with main competitor -Attomm group.

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2 in Duxland and 4 outside Duxland - translation risk/group reporting

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I didn't think there was anything particularly substantial in the case study. Previous cases I have done, there has been some obvious discussion points. The main ones I feel are about their factory locations and the environmental impact of the battery mining

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The mission statement's focus on providing motor vehicles. Does it mean that it is unlikely to acquire companies that dont fit within that area?

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No director of IT

Smart technology becoming increasingly important - i.e. connecting to phones to allow software updates to cars.

Risk - People can hack into cars to make them faster, but this will contradict the safety they try to build upon in their cars, which could ruin brand image and therefore share price.

Have they got sufficient firewalls to prevent this? Do they work at keeping this up to date as hackers will keep developing?

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Part of the mission is to be sustainable however the batteries do not have a long life and cannot be replaced and recycling the EV battery's and cars use significant energy which can create environmental problems

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Developed country so likely to have the infrastructure to charge at home

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Board

Not balanced,ED - 5, NED - 4

All board members appointed are qualified in their respective positions

No I.T and HR Director

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Avoid future legislation/regulations that may be imposed on the sale of ICE cars - be ahead of this curve.

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Audit Committee has no finance experience

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Audit Committee has no finance experience

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Unbalanced - 5 ED's vs 4 NED's.

Good corporate governance with an internal auditor, but perhaps can be improved.

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making the world a better place, providing desirable & sustainable motor vehicles.

Newspaper articles show that they are not as sustainable as initially thought, EVs consist largely of plastics & electronic waste difficult to recover efficiently.

Battery - variety of metals difficult to recover & due to increase in EV manufacture lead to scarcity of these metals. Recovery of the metals consumes significant amount of energy &/or toxic solvents.

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Strong YoY performance but not reflected in share price increase