Founder, CEO, GSBR Research

Garvit Bhandari

Founder, CEO

Leading Provider of Equity and Investment Research

GSBR Research

We are an independent equity research provider focused on covering global markets. The aim of the research is to provide an unbiased view of the fundamentals of the company.

Thematic (Sector/Industry)

<ul>
<li>Total public EV charging stations (incl. temporary unavailable locations) were 74,986 as of December 31, 2024. Compared to the end of FY23, it is an increase of 16.0%.</li>
<li>Total EVSE charging ports (including the temporary unavailable ports) were 206,723, up nearly 22.8% compared to the end of 2023 and up 0.9% over November 2024.</li>
<li>US considerably lags behind China which had 3.39 million public charging stations at the end of October 2024.</li>
</ul>


Total public EV charging stations (incl. temporary unavailable locations) were 74,986 as of December 31, 2024. Compared to the end of FY23, it is an increase of 16.0%.
Total EVSE charging ports (including the temporary unavailable ports) were 206,723, up nearly 22.8% compared to the end of 2023 and up 0.9% over November 2024.
US considerably lags behind China which had 3.39 million public charging stations at the end of October 2024.


US EV Charging Infrastructure Tracker - December 2024

Equity Bottom-Up

Taiwan Semiconductor (TSMC) - ADR / Equity Bottom-Up

Taiwan Semiconductor Manufacturing Company Ltd. manufactures integrated circuits based on its proprietary designs.  The Company offers a comprehensive set of integrated circuit fabrication processes to manufacture CMOS logic, mixed-mode, volatile and non-volatile memory and BiCMOS chips.  Taiwan Semiconductor is an affiliate of Philips Electronics N.V.

Taiwan Semiconductor (TSMC) - ADR (TSM US)

<ul>
<li>TSM is upbeat on the AI demand and remains confident that the cycle has just begun with long a runway for growth ahead.</li>
<li>TSM's primary competitors, Intel and Samsung Electronics, are currently facing challenges within their foundry operations, placing TSM in a favorable position to expand its market share</li>
<li>The Company anticipates a strong closing for FY:24 and has guided for nearly 35% YOY revenue growth in Q4 2024. We believe the momentum will continue in 2024E-2026E.</li>
</ul>


TSM is upbeat on the AI demand and remains confident that the cycle has just begun with long a runway for growth ahead.
TSM's primary competitors, Intel and Samsung Electronics, are currently facing challenges within their foundry operations, placing TSM in a favorable position to expand its market share
The Company anticipates a strong closing for FY:24 and has guided for nearly 35% YOY revenue growth in Q4 2024. We believe the momentum will continue in 2024E-2026E.


2025 High Conviction - Taiwan Semiconductor Manufacturing Co (NYSE: TSM, TPE: 2330)

Tuya Inc., doing business as Tuya Smart, provides IoT cloud platform. The Company offers solutions which enables brands, retailers, OEMs, and manufacturers to develop, launch, manage, and monetize software-enabled devices and services. Tuya Smart serves customers worldwide.

<ul>
<li>Temasek-Backed 65 Equity Partners bought 13% stake in Tuya, implying a total investment of US$100 million (or S$134M). </li>
<li>The fund’s mandate is to support high-growth, mid-cap companies seeking a listing on the Singapore Exchange (SGX).</li>
<li>The listing will benefit Tuya by providing easy access to capital. Tuya will be able to use stock as a currency to fund its expansion plans in Southeast Asia.</li>
</ul>


Temasek-Backed 65 Equity Partners bought 13% stake in Tuya, implying a total investment of US$100 million (or S$134M). 
The fund’s mandate is to support high-growth, mid-cap companies seeking a listing on the Singapore Exchange (SGX).
The listing will benefit Tuya by providing easy access to capital. Tuya will be able to use stock as a currency to fund its expansion plans in Southeast Asia.


Tuya Inc - Growth Trajectory to Accelerate Following 13% Stake Purchase by 65 Equity Partners

<ul>
<li>Total public EV charging stations (incl. temporary unavailable locations) were 73,535 as of October 30, 2024. Compared to the end of FY23, it is an increase of 13.8%.</li>
<li>Total EVSE charging ports (including the temporary unavailable ports) were 202,179, up nearly 20.1% compared to the end of 2023 and up 2.6% over September 2024.</li>
<li>US considerably lags behind China which had 3.39 million public charging stations at the end of October 2024.</li>
</ul>


Total public EV charging stations (incl. temporary unavailable locations) were 73,535 as of October 30, 2024. Compared to the end of FY23, it is an increase of 13.8%.
Total EVSE charging ports (including the temporary unavailable ports) were 202,179, up nearly 20.1% compared to the end of 2023 and up 2.6% over September 2024.
US considerably lags behind China which had 3.39 million public charging stations at the end of October 2024.


US EV Charging Infrastructure Tracker: Update – October 2024

<ul>
<li>Total public EV charging stations (incl. temporary unavailable locations) were 72,280 as of September 30, 2024. Compared to the end of FY23, it is an increase of 11.8%.</li>
<li>Total EVSE charging ports (including the temporary unavailable ports) were 197,133, up nearly 17.1% compared to the end of 2023 and up 1.5% over August 2024.</li>
<li>US considerably lags behind China which had 3.32 million public charging stations at the end of September 2024.</li>
</ul>


Total public EV charging stations (incl. temporary unavailable locations) were 72,280 as of September 30, 2024. Compared to the end of FY23, it is an increase of 11.8%.
Total EVSE charging ports (including the temporary unavailable ports) were 197,133, up nearly 17.1% compared to the end of 2023 and up 1.5% over August 2024.
US considerably lags behind China which had 3.32 million public charging stations at the end of September 2024.


US EV Charging Infrastructure Tracker - Sep 2024

GSBR Research is an independent equity research provider. We are focused on locating under covered stocks with strong price appreciation potential.

Garvit Bhandari
Founder, CEO
• GSBR Research

US EV Charging Infrastructure Tracker - December 2024

EV charging infratsucture continue to grow at a slow pace in the U.S. Will need a lot of policy push to catch up with China.

GSBR Research

2025 High Conviction - Taiwan Semiconductor Manufacturing Co (NYSE: TSM, TPE: 2330)

TSM is well positioned to ride the AI tailwind as competitors face challenges. Strong revenue growth expected for Q4 2024 and beyond.

GSBR Research

Tuya Inc - Growth Trajectory to Accelerate Following 13% Stake Purchase by 65 Equity Partners

Temasek-backed 65 Equity Partners invests US$100 million in Tuya to support its listing on SGX, providing access to capital for expansion in...

GSBR Research

US EV Charging Infrastructure Tracker: Update – October 2024

The EV charging infrastructure in the US is growing but the pace of growth is modest when compared to other countries especially China

GSBR Research

US EV Charging Infrastructure Tracker - Sep 2024

US public EV charging points at 186,069 in September 2024 lags far behind China's 3.32 million public charging points. The pace of EV charging...

GSBR Research

US EV Charging Infrastructure Tracker - December 2024

EV charging infratsucture continue to grow at a slow pace in the U.S. Will need a lot of policy push to catch up with China.

GSBR Research

2025 High Conviction - Taiwan Semiconductor Manufacturing Co (NYSE: TSM, TPE: 2330)

​TSM is well positioned to ride the AI tailwind as competitors face challenges. Strong revenue growth expected for Q4 2024 and beyond.

GSBR Research

Tuya Inc - Growth Trajectory to Accelerate Following 13% Stake Purchase by 65 Equity Partners

​Temasek-backed 65 Equity Partners invests US$100 million in Tuya to support its listing on SGX, providing access to capital for expansion in...

GSBR Research

US EV Charging Infrastructure Tracker: Update – October 2024

The EV charging infrastructure in the US is growing but the pace of growth is modest when compared to other countries especially China

GSBR Research

US EV Charging Infrastructure Tracker - Sep 2024

​US public EV charging points at 186,069 in September 2024 lags far behind China's 3.32 million public charging points. The pace of EV charging...

GSBR Research

TSM is well positioned to ride the AI tailwind as competitors face challenges. Strong revenue growth expected for Q4 2024 and beyond.

Temasek-backed 65 Equity Partners invests US$100 million in Tuya to support its listing on SGX, providing access to capital for expansion in...

US public EV charging points at 186,069 in September 2024 lags far behind China's 3.32 million public charging points. The pace of EV charging...