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.

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

Not balanced,ED - 5, NED - 4

All board members appointed are qualified in their respective positions

No I.T and HR Director

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?

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.

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

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

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.

Also part of their values to offer high quality products

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

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

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