Assignment 4

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School

University of North Texas *

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MISC

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Economics

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Feb 20, 2024

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docx

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Uploaded by MajorOryxPerson702

Group 3 MEEN 5800 FALL 2023 External Environment Analysis for Aptera Aptera is at the forefront of environmentally friendly transportation with their solar electric vehicles, which redefine eco-friendliness and style. They offer a cutting-edge design that combines the adaptability of three wheels with lightweight materials to improve aerodynamic performance while reducing carbon footprints. With pricing starting at about $25,900, eco-friendly driving is now attainable thanks to Aptera's commitment to innovation and affordability. Technical Aspects:  How They Make Cars: Aptera uses cool technology like 3D printing and smart machines to build their cars. This makes their cars faster to make and less expensive.  Solar Power: They use the power of the sun to run their cars, which is good for the environment. Economic Variables:  The cost of Aptera's solar electric vehicles starts at $25,900, making them relatively affordable for many people.  As people become more conscious of saving money on fuel and reducing their carbon footprint, the demand for eco-friendly vehicles like Aptera's may grow. Political and Judicial Aspects:  Government policies and regulations can impact Aptera. If governments offer incentives for clean energy vehicles, it could boost sales.  Regulations related to vehicle safety and emissions could affect how Aptera designs and manufactures their cars. Demographic Influences:  The age and lifestyle of potential Aptera customers may influence their interest in eco-friendly transportation.  Urban areas with high population densities might be more inclined towards smaller, efficient vehicles like Aptera's. Social Influences:  Growing environmental awareness and concern for climate change are driving interest in vehicles that reduce carbon emissions, aligning with Aptera's mission.  Social trends toward sustainable living may make Aptera's eco-friendly cars more appealing. Kavya Parige Page 1 of 3 Denton

Group 3 MEEN 5800 FALL 2023 Competitive Factors:  Who They're Up Against: Aptera has other companies like Tesla and Nissan as their competition. They all want people to buy their electric cars.  Why They're Special: Aptera's cars are special because they look different with three wheels, which might make some people like them more than regular cars. Consumers' Factors:  Consumers' preferences for environmentally friendly options are increasing, benefiting Aptera.  The convenience of solar-powered vehicles may attract consumers looking for energy-efficient transportation. SWOT Analysis for Aptera STRENGTHS WEAKNESSES Solar-Powered Efficiency: Aptera's solar electric vehicle reduces carbon footprints significantly, emphasizing its commitment to sustainability. Limited Seating: Aptera's two-seat design might not be suitable for families or larger groups. Innovative Design: The three-wheeled, lightweight design not only looks futuristic but also enhances aerodynamics for better efficiency. Niche Market: Solar electric vehicles are a niche market, limiting the potential customer base. Affordability: Starting at $25,900, Aptera offers an affordable option for eco-conscious consumers. Range Limitation: Solar power alone may not be sufficient for long-distance travel, potentially limiting its utility in some areas. Use of Advanced Technologies: Incorporating 3D printing and AI technology sets Aptera apart in the industry. Reliance on Sunlight: The vehicle's performance could be impacted on cloudy or rainy days. Kavya Parige Page 2 of 3 Denton

Group 3 MEEN 5800 FALL 2023 OPPORTUNITIES THREATS Growing Sustainability Trend: The increasing focus on sustainability and environmental consciousness presents an opportunity for Aptera to expand its market. Competition: Established automakers are entering the electric vehicle market, increasing competition. Technological Advancements: As technology advances, the range and efficiency of solar electric vehicles may improve, making them more appealing to a wider audience. Regulatory Changes: Changes in regulations or incentives could impact the appeal of solar electric vehicles. Government Incentives: Governments worldwide are offering incentives for eco-friendly transportation, which could boost sales. Economic Downturn: Economic instability may affect consumers' willingness to invest in innovative but relatively expensive vehicles. Partnerships: Collaborating with charging infrastructure providers or other automakers could enhance Aptera's market reach. Charging Infrastructure : The availability and accessibility of charging stations could limit the adoption of electric vehicles. REFERENCES: Website: https://aptera.us/investor-update/ About Aptera: https://causeartist.com/aptera-solar-electric-vehicle/#3-about-aptera Annual Report: https://www.sec.gov/Archives/edgar/data/1786471/000164460021000040/ Aptera2021AnnualReportFinal.pdf Kavya Parige Page 3 of 3 Denton

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