Nature's Miracle Holding Inc. Announces Sales Order of Up to 2,000 EVs, Expanding Electric Vehicle Presence in Colombia
Nature's Miracle Holding (OTC PINK: NMHI) has secured a purchase order from Colombia's National Transport Chamber for up to 2,000 electric vehicles. The order encompasses various vehicle types including passenger cars, SUVs, trucks, dump trucks, and three-wheelers, specifically designed for Colombia's terrain and climate conditions.
The company plans to source these vehicles from a Chinese OEM and resell them to the National Transport Chamber. NMHI's subsidiary, Hydroman Electric , will provide after-market services in partnership with a third-party OEM. The initiative aims to expand NMHI's presence in the South American EV market, which is expected to experience significant growth amid global electrification efforts.
Nature's Miracle Holding (OTC PINK: NMHI) ha ottenuto un ordine d'acquisto dalla Camera Nazionale dei Trasporti della Colombia per un massimo di 2.000 veicoli elettrici. L'ordine comprende vari tipi di veicoli, tra cui automobili, SUV, camion, camion da cantiere e tricicli, specificamente progettati per il terreno e le condizioni climatiche della Colombia.
L'azienda prevede di approvvigionarsi di questi veicoli da un OEM cinese e rivenderli alla Camera Nazionale dei Trasporti. La sussidiaria di NMHI, Hydroman Electric, fornirà servizi post-vendita in partnership con un OEM di terze parti. L'iniziativa mira ad ampliare la presenza di NMHI nel mercato dei veicoli elettrici in Sud America, che ci si aspetta cresca significativamente in mezzo agli sforzi globali di elettrificazione.
Nature's Miracle Holding (OTC PINK: NMHI) ha asegurado un pedido de compra de la Cámara Nacional de Transporte de Colombia por hasta 2,000 vehículos eléctricos. El pedido incluye varios tipos de vehículos, incluidos automóviles, SUV, camiones, camiones de carga y triciclos, diseñados específicamente para el terreno y las condiciones climáticas de Colombia.
La empresa planea obtener estos vehículos de un OEM chino y revenderlos a la Cámara Nacional de Transporte. La subsidiaria de NMHI, Hydroman Electric, proporcionará servicios post-venta en asociación con un OEM externo. La iniciativa tiene como objetivo expandir la presencia de NMHI en el mercado de vehículos eléctricos de América del Sur, que se espera que experimente un crecimiento significativo en medio de los esfuerzos globales de electrificación.
Nature's Miracle Holding (OTC PINK: NMHI)는 콜롬비아 국가교통부로부터 최대 2,000대의 전기차에 대한 구매 주문을 확보했습니다. 이 주문에는 승용차, SUV, 트럭, 덤프 트럭, 세발 자전거 등 다양한 유형의 차량이 포함되며, 콜롬비아의 지형과 기후 조건에 맞게 특별히 설계되었습니다.
회사는 이 차량을 중국 OEM으로부터 조달하고 국가 교통부에 재판매할 계획입니다. NMHI의 자회사인 Hydroman Electric는 제3자 OEM과 협력하여 사후 서비스를 제공할 것입니다. 이번 이니셔티브는 NMHI의 남미 전기차 시장 내 입지를 확장하는 것을 목표로 하며, 이는 세계적인 전기화 노력에 힘입어 상당한 성장이 예상됩니다.
Nature's Miracle Holding (OTC PINK: NMHI) a sécurisé une commande d'achat de la Chambre Nationale des Transports de Colombie pour jusqu'à 2 000 véhicules électriques. La commande englobe divers types de véhicules, y compris des voitures particulières, des SUV, des camions, des bennes et des tricycles, spécifiquement conçus pour le terrain et les conditions climatiques de la Colombie.
L'entreprise prévoit de se procurer ces véhicules auprès d'un OEM chinois et de les revendre à la Chambre Nationale des Transports. La filiale de NMHI, Hydroman Electric, fournira des services après-vente en partenariat avec un OEM tiers. L'initiative vise à élargir la présence de NMHI sur le marché des véhicules électriques en Amérique du Sud, qui devrait connaître une croissance significative dans le cadre des efforts d'électrification mondiaux.
Nature's Miracle Holding (OTC PINK: NMHI) hat einen Kaufauftrag von der Nationalen Transportkammer Kolumbiens für bis zu 2.000 Elektrofahrzeuge gesichert. Der Auftrag umfasst verschiedene Fahrzeugtypen, einschließlich Personenkraftwagen, SUVs, Lastwagen, Kippfahrzeuge und Dreiräder, die speziell für das Terrain und die klimatischen Bedingungen Kolumbiens entwickelt wurden.
Das Unternehmen plant, diese Fahrzeuge von einem chinesischen OEM zu beziehen und sie an die Nationale Transportkammer weiterzuverkaufen. Die Tochtergesellschaft von NMHI, Hydroman Electric, wird in Zusammenarbeit mit einem externen OEM Aftermarket-Dienstleistungen anbieten. Die Initiative zielt darauf ab, die Präsenz von NMHI auf dem südamerikanischen EV-Markt zu erweitern, der voraussichtlich im Zuge der globalen Elektrifizierungsbemühungen erheblich wachsen wird.
- Secured large-scale purchase order for up to 2,000 EVs in Colombia
- Expansion into South American market with potential for additional sales opportunities
- Revenue stream diversification through EV sales and after-market services
- Dependent on third-party OEM for vehicle manufacturing
- Operating as a reseller rather than manufacturer may impact profit margins
Insights
This announcement requires careful scrutiny beyond the headline numbers. The purchase order for "up to" 2,000 EVs contains important nuances that investors should consider. First, the language suggests this is a non-binding framework rather than a firm commitment and the actual order quantity could be significantly lower.
The business model here is essentially a reseller arrangement - Nature's Miracle will purchase vehicles from a Chinese OEM and resell them to Colombia's National Transport Chamber. This raises several concerns:
- Margin potential is likely to be thin given the competitive nature of EV distribution
- Working capital requirements could be substantial to finance inventory
- Success depends heavily on the unnamed Chinese OEM's reliability and product quality
- After-market service capabilities through third parties need to be proven
The company's rapid diversification from its original vertical farming focus into bitcoin mining, data centers and now EVs raises questions about strategic focus and execution capabilities. While the South American market offers growth potential due to lower EV penetration, success will require significant operational expertise and capital that isn't evidenced in the company's track record.
The Colombian EV market, while promising, faces challenges including charging infrastructure and price sensitivity. The diverse vehicle lineup spanning passenger cars to dump trucks suggests an ambitious scope that could strain the company's resources and management bandwidth.
Investors should note that similar distribution agreements often face implementation hurdles, from regulatory compliance to logistics and working capital constraints. The actual revenue impact will depend on final order quantities, pricing and margin structure - none of which were disclosed in the announcement.
The purchase order, facilitated by Mr. Ricardo Virviescas, President of the country of
Mr. James Li, Chairman and CEO of Nature's Miracle, commented, "This partnership underscores our commitment to delivering sustainable transportation solutions in
About Nature's Miracle Holding Inc.
Nature's Miracle (www.Nature-Miracle.com) is a growing agriculture technology company providing products and services to growers in the Controlled Environment Agriculture ("CEA") industry around the world. The company has recently launched EV and bitcoin businesses, all energy dependent as CEA.
Forward-Looking Statements
The information in this press release includes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding expectations, hopes, beliefs, intentions or strategies regarding the future. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words "anticipate," "believe," "contemplate," "continue," "could," "estimate," "expect," "forecast," "intends," "may," "will," "might," "plan," "possible," "potential," "predict," "project," "should," "would" and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements in this press release may include, for example: the intended use of proceeds from the offering; successful launch and implementation of Nature's Miracle's joint projects with manufacturers and other supply chain participants of steel, rubber and other materials; changes in Nature's Miracle's strategy, future operations, financial position, estimated revenues and losses, projected costs, prospects and plans; Nature's Miracle's ability to develop and launch new products and services; Nature's Miracle's ability to successfully and efficiently integrate future expansion plans and opportunities; Nature's Miracle's ability to grow its business in a cost-effective manner; Nature's Miracle's product development timeline and estimated research and development costs; the implementation, market acceptance and success of Nature's Miracle's business model; developments and projections relating to Nature's Miracle's competitors and industry; and Nature's Miracle's approach and goals with respect to technology.
These forward-looking statements are based on information available as of the date of this press release, and current expectations, forecasts and assumptions, and involve a number of judgments, risks and uncertainties. Accordingly, forward-looking statements should not be relied upon as representing views as of any subsequent date, and no obligation is undertaken to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. As a result of a number of known and unknown risks and uncertainties, actual results or performance may be materially different from those expressed or implied by these forward-looking statements. Some factors that could cause actual results to differ include: the ability to maintain the listing of the Company's shares on Nasdaq; changes in applicable laws or regulations; the effects of the coronavirus (COVID-19) and any future outbreaks on Nature's Miracle's business; the ability to implement business plans, forecasts, and other expectations, and identify and realize additional opportunities; the risk of downturns and the possibility of rapid change in the highly competitive industry in which Nature's Miracle's operates; the risk that Nature's Miracle's and its current and future collaborators are unable to successfully develop and commercialize Nature's Miracle's products or services, or experience significant delays in doing so; the risk that the Company may never achieve or sustain profitability; the risk that the Company will need to raise additional capital to execute its business plan, which may not be available on acceptable terms or at all; the risk that the Company experiences difficulties in managing its growth and expanding operations; the risk that third-party suppliers and manufacturers are not able to fully and timely meet their obligations; the risk that Nature's Miracle's is unable to secure or protect its intellectual property; the possibility that Nature's Miracle's may be adversely affected by other economic, business, and/or competitive factors; and other risks and uncertainties described in Nature's Miracle's filings from time to time with the SEC.
For more information, please contact:
Nature's Miracle Holding, Inc.
Chris Wang, CFO
Chris.Wang@nature-miracle.com
Ascent Investors Relations LLC
Tina Xiao
Phone: +1-646-932-7242
Email: investors@ascent-ir.com
View original content:https://www.prnewswire.com/news-releases/natures-miracle-holding-inc-announces-sales-order-of-up-to-2-000-evs-expanding-electric-vehicle-presence-in-colombia-302358227.html
SOURCE Nature's Miracle Holding Inc.
FAQ
What is the size of Nature's Miracle (NMHI) EV order from Colombia?
What types of electric vehicles will NMHI supply to Colombia?
How will NMHI fulfill the Colombian EV order?
What is NMHI's strategy for the South American EV market?
