Irvine, Calif., Aug. 10, 2022 /PRNewswire/ — ATIF Holdings Limited (Nasdaq: ATIF, “Company”, “ATIF” or “V”), a holding company providing business and financial advisory services in Asia and North America, is pleased to announce to disclose that the Company’s IPO advisory services client and its interest in Mexican solar energy and electric vehicle company Solarever Ltd. (“Solarever”) has seen a rapid increase in its recent electric vehicle orders. Based on the investment agreement between Solarever and the company, ATIF holds a 5.25% stake in Solarever.
A stronger rise in global crude oil prices this year has led to a subsequent rise in gas prices, leading to strong consumer interest in electric vehicles. According to the American Automobile Association (“AAA”), the average state gas price in the United States on August 7, 2022 is $4.07/gallon, up 27.6% from $3.19/gallon on August 7 of the previous year , and so on from normal gas. Prices in California and Hawaii exceed $5.00/gallon. According to AAA’s most recent consumer survey, released July 13, 2022, a quarter of Americans say their next vehicle purchase will likely be an electric (fully electric, i.e. non-hybrid) vehicle as the millennium rolls around (30%). There is a strong desire among those looking to buy an electric vehicle to save on fuel costs, with 77 percent citing this as the main reason for interest.
Solarever is a leading developer and manufacturer of solar products in Mexico, including photovoltaic (PV) modules, energy storage systems, electric vehicles (EV) and other zero-emission solutions operating in the solar and electric vehicle sectors. Solarever is the first and currently the only domestic EV company in Mexico to receive EV safety certification and an EV dealer license. Solarever launched its first electric vehicle, the SEV e-Wan, in 2022, which has attracted massive customer interest and purchase orders in Mexico. Pricing for the SEV e-Van starts at $14,500.
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June LiuATIF’s Chairman, Chairman of the Board and CEO commented: “Based on our strong vision for the future of the sustainable energy industry, we are very confident in Solvar’s growth potential. SolarVer is one of the leading players in the solar PV industry. and is also active in the electric vehicle industry, which has significant growth potential. According to the International Energy Agency (IEA), electric vehicle manufacturers will sell 6.6 million electric vehicles worldwide in 2021 due to rising prices and disrupted supply chains. Sales doubled and sales tripled. EV market share in just two years. As far as we know, Solarever’s recent electric vehicle sales have been brisk and purchase orders are increasing rapidly! In addition, Solarever’s IPO process continues to grow and we are very excited about the strong returns this investment will bring us and our shareholders in our future IPOs.”
About ATIF Holdings Limited
ATIF Holdings Limited (“ATIF”) is a Los Angeles based comprehensive financial conglomerate with wholly owned and operated subsidiaries: ATIF-1 Hedge Fund Company, ATIF Equity Investment Company, ATIF IPO Advisory Company and Integrated Financial Services Network Platform www. . ipoex.com. ATIF is dedicated to providing international asset securitization, equity and wealth management services to companies around the world. ATIF was named “Top 10 Best Listed Company 2019” by the “Golden Bauhinia Award”, the highest honor in Hong Kong’s financial and securities industry. For more information, please visit https://ir.atifchina.com/,
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