Hey folks, as you likely suspect we at Tematica do a lot of leg work and deep dives when developing our investment themes and refreshing our thematic mosaic. This means that in addition to scouring financial filings, company presentations, and earnings transcripts, we also chat with company management, thought leaders, and other industry movers and shakers. Those conversations complement the fundamental work we do and refresh the thematic tapestry that underpins our various investment strategies.
It’s no secret that EVs are a hot topic given the interest in Tesla (TSLA), General Motors (GM), Nio (NIO), Blink Charging (BLNK), Rivian (RIVN), and the EV company invested in by Warren Buffett, BYD Company (BYDDY). However, the passenger car and truck market as well as the commercial truck market are only part of the larger shift away from combustion engines. As we see it, there is a larger thematic wave unfolding – a much bigger EV transition that spans bikes, motorcycles, aircraft, and boating as well as ag and construction equipment. In recent months, General Motors (GM) invested in Pure Watercraft, Deere & Co (DE) acquired Kreisel, and Volvo Construction invested in electric hauling solutions.