Core Insights - The electric vehicle (EV) sector is rapidly transforming the oil and gas industry, with 10.4 million battery-electric vehicles (BEVs) sold globally in 2024, representing 14% of new personal vehicle sales [1] - The shift towards EVs necessitates a strategic reassessment for oil and gas companies as governments, particularly in Europe, implement plans to phase out internal combustion engine (ICE) vehicles [2] Industry Adaptation - Leading oil and gas companies are extending their downstream strategies beyond conventional fuels by investing in EV charging infrastructure and forming partnerships with electric mobility and battery technology providers [3] - Companies like Shell and TotalEnergies are heavily investing in EV charging infrastructure, aiming to operate extensive public charging networks, which positions them to capitalize on the low-carbon mobility market [4] Market Dynamics - European companies are aggressively expanding their EV charging presence, reflecting the industry's shift towards electric mobility [5] - The landscape of electric mobility presents both opportunities and uncertainties, requiring oil and gas enterprises to prioritize strategic partnerships and innovative solutions in energy storage and digital transformation [6] Dual Dynamics - The transition to EVs is a significant transformation that requires profound adjustments from oil and gas companies, as demand for ICE vehicles remains steady, indicating that oil and gas will continue to play a critical role in global transportation [7] - By recognizing the dual dynamic of EV adoption and ICE vehicle demand, companies can better navigate the challenges and opportunities in the emerging mobility landscape [7]

Core Viewpoint - Thunder Power Holdings, Inc. has received approval to trade on the OTCQB Venture Market, marking a significant step in its growth strategy and collaboration with Electric Power Technology [1][3][6] Company Updates - The company's common shares began trading on the OTCQB under the ticker "AIEV" effective June 5, 2025, which is recognized by the SEC as an established public market [3][6] - Thunder Power plans to hold its Annual Meeting of Stockholders to approve a Share Exchange Agreement with Electric Power Technology Limited, aiming to acquire approximately 30.8% of TW Company's total issued shares [5][6] - A proposed reverse stock split is intended to enhance the company's visibility, improve liquidity, and attract a broader base of institutional and retail investors [4][6][9] Strategic Initiatives - The partnership with Electric Power Technology is expected to open new opportunities across the electric vehicle value chain, leveraging complementary strengths for mutual growth [3][8] - The company aims to strengthen its capital base and accelerate growth initiatives by issuing additional shares as part of the Share Exchange Agreement [9][10] - Thunder Power is focused on expanding its footprint in the renewable energy sector, with the Taiwanese government targeting 15% of electricity from renewable sources by 2025 [7][8] Market Context - The company is positioned to capitalize on emerging opportunities in both the electric vehicle and clean energy markets, with solar generation in Taiwan representing 5% of the electricity market in 2024 [6][7] - The strategic acquisition of assets and technologies in Taiwan is expected to support Thunder Power's long-term growth and global expansion strategy [8][10]