sur VaporBrands International, Inc. (NASDAQ:VAPR)
E-Cite Motors (VAPR) Surpasses Major EV Competitors in Stock Performance
This week, E-Cite Motors (VAPR) reported stock performance that outshines major electric vehicle companies like Tesla, Rivian, and Lucid Motors. The company's stock rose by 12% to $0.0112, starkly contrasting the declines in Tesla, Rivian, and Lucid stocks, which fell 7%, 8%, and 12% respectively.
Year-to-date, E-Cite's growth is nearly 96%, with shares increasing from $0.0057 to $0.0112. In comparison, Tesla's stock is down 24% this year. E-Cite attributes its success to strategic technological advancements and a U.S. expansion plan under the Low Volume Manufacturers Act, which allows for faster market entry by sidestepping extensive certification processes.
Recent innovations include E-Cite's high-performance electric driveline and its acquisition of the design rights for the Kaiser-Darrin sports car. The company also unveiled the RJ9 electric pickup boasting a 900+ mile range, setting a new benchmark in the truck segment.
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