ATIF's Investment in Renewable Energy Company Grows at Speed As Demand Expands
ATIF Holdings Limited (Nasdaq: ATIF) announced a surge in business sales for its client, Solarever Ltd., a Mexican solar energy company, following recent global oil price spikes. ATIF holds a 5.25% equity stake in Solarever, which has emerged as a leader in solar product manufacturing in Mexico. Rising oil prices have increased demand for renewable energy, benefiting Solarever's sales. The company also launched its first electric vehicle in 2022, enhancing its growth potential in clean energy.
- ATIF holds a 5.25% equity stake in Solarever, which has seen a surge in sales.
- Solarever is a leading solar product manufacturer in Mexico with three large plants.
- Rising global oil prices are driving demand for clean energy solutions.
- None.
LOS ANGELES, Aug. 8, 2022 /PRNewswire/ -- ATIF Holdings Limited (Nasdaq: ATIF, the "Company," "ATIF" or "We"), a holding company providing business and financial consulting services in Asia and North America, is pleased to announce that the Company's IPO advisory services client and investment holding in Solarever Ltd.("Solarever"), a Mexican solar energy and electric vehicle company, has seen a surge in business sales recently. Under the terms of the agreement signed between the Company and Solarever in the second quarter of 2022, ATIF holds a
Since February 2022, global crude oil prices have soared amid increased global demand and due to supply concerns, making the clean energy industry, especially solar, more compelling. Global crude oil prices exceeded
Solarever is the leading designer and manufacturer of solar products in Mexico, owns Latin America's largest solar panel manufacturing plant in Tecoman, Colima, Mexico, and has a total of three plants in Mexico that are considered some of the largest in Latin America. Solarever has PV design facility in Chino, California, and warehouse facilities in Laredo, Texas, and San Diego, California. In addition, Solarever launched its first EV in 2022 and is licensed to sell EVs in Mexico.
Jun Liu, President, Chairman of the Board, and CEO of ATIF, commented, "We saw the huge potential of the solar PV industry when we provided IPO advisory services to Solarever and took the opportunity to make a investment in Solarever before its IPO. We are very excited to hear good news from Solarever that its sales have dramatically increased! This is probably due to the recent surge in the price of crude oil, natural gas and other energy sources, which has led to a strong demand for clean energy such as solar energy. We are very pleased with Solarever's growth and look forward to a higher level of growth."
About ATIF Holdings Limited
ATIF Holdings Limited ("ATIF") is a Los Angeles-based comprehensive financial group with wholly owned and operated subsidiaries: ATIF-1 hedge funds company, ATIF equity investing company, ATIF IPO advisory company, and the integrated financial services network platform www.IPOEX.com. ATIF is dedicated to providing international asset securitization services, as well as equity investment and asset management services to companies around the world. ATIF was awarded the "Top 10 Best Listed Companies 2019" from the "Golden Bauhinia Award," the highest award in Hong Kong's financial and securities industry. For more information, please visit https://ir.atifchina.com/.
To learn more about IPOEX, our financial services platform, please visit: https://www.ipoex.com/
For more information about NFTDPO, our NFT service division, please visit https://nftdpo.com/.
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SOURCE ATIF Holdings Limited
FAQ
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