Optimal Energy require in excess of R6bn to ensure Joule rolls out, and breaks even.
The Joule electric vehicle (EV) needs another R6.5 bn to break even, says Optimal Energy CEO Kobus Meiring. This over and above the R200Mio already invested. The R200Mio has been received from various government institutions hoping to take advantage of the oppertunity to develop a new Industry in South Africa. Read more ....
Optimal Energy require a furrther R6.5bn
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This is obviosly Capex as well as dealer, supplier & facility development. Even then it sounds quite steep with tooling for a new model in the industry probably being in the region of about R200 Mio. (Excl supplier development & dealer network)