Dolat Ventures Inc. (OTCMKTS:DOLV)
Dolat Ventures Inc. (OTCMKTS:DOLV) shares have come to life in recent weeks after its acquisition by Chinese businessman DeQuen Wang. Fueling investor sentiment on the stock is the fact that the company, backed by a vast portfolio of valuable patents, has set its eyes on the Chinese electric car market.
Dolat Ventures Inc. (OTCMKTS:DOLV) manufactures batteries commonly used in electric cars. The company possesses a number of patented technologies that it claims will help it increase battery life while also reducing operating costs. The company is in the process of commercializing its solutions as it seeks it address the problems faced by battery manufacturers.
The global electric vehicle market is switching to long range electric vehicles that can provide up to 200+ miles on a single charge. The development should be of great benefit to Dolat Ventures which claims to own the technology that can enable that vision. Companies that can provide higher battery capacity are sure to elicit strong interest from giant auto companies looking to upgrade their electric car technologies.
“[…] EVs with a 200-mile range will be launched by GM (Chevrolet Bolt) and Tesla (Model 3). Most of the leading OEMs will re-launch their flagship models as second-generation models. BMW i3 and Ford Focus Electric will be launched with a facelift. A number of start-ups will launch their plans to introduce EVs into the market, which will mainly focus on competing with Tesla,” ReportBuyer in a Study.
Dolat Ventures China Prospects
The frenzy around electric cars appears to be unstoppable – especially in China, where the government is aggressively exploring ways of combatting CO2 emission. Continued focus on renewable energy means green companies stand to gain big as consumers and government become more environmentally conscious.
Dolat Ventures Inc. (OTCMKTS:DOLV) not only produces batteries for the EV industry, but it also produces electric cars that mostly target the middle class. Focusing on this market allows the company to shrug off the threat posed by giant automakers betting big on the high-end market with luxury electric cars. Given the size of the Chinese and Asian market, the company should be able to generate a substantial amount of value on accruing a significant amount of market share in the industry.
Getting a head start is key if Dolat Ventures Inc. (OTCMKTS:DOLV) is to have a chance of making it work given the growth rate for competition in the electric car market.
Dolat Ventures Inc. (OTCMKTS:DOLV) stock was down by 2.20% in Tuesday trading session consequently ending the day at $0.0890 a share.
I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.
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About the author: James Marion is a University of Houston student studying Business with a concentration in Finance. James has interned with several investment professionals and hopes to pursue a career as a professional stock analyst after graduation.