SHANGHAI, China, May 03, 2024 (GLOBE NEWSWIRE) -- ECARX Holdings Inc. (Nasdaq: ECX) (“ECARX” or the “Company”), a global mobility technology company, today announced the launch of multiple intelligent driving and safety features for its Skyland Pro computing platform, which significantly enhance the intelligent driving experience. The new features were previewed during ECARX’s second Tech Day, which was held in... Read more
Company intends to increase capacity of plant to manufacture R2, its midsized SUV NORMAL, Ill. / May 02, 2024 / Business Wire / Rivian Automotive, Inc. (NASDAQ: RIVN) announced today it has received an $827M incentive package from the State of Illinois Department of Commerce & Economic Opportunity, which will allow the company to expand operations at... Read more
NORTHAMPTON, MA / ACCESSWIRE / May 2, 2024 / TCPL GES, a wholly owned subsidiary of Tata Cummins Private Limited (TCPL), a 50:50 joint venture of Tata Motors Limited and Cummins Inc. USA, today inaugurated a new state-of-the-art manufacturing facility to produce hydrogen-based Internal Combustion Engines for Medium and Heavy Commercial Vehicles and other low to zero emission technology products in India. The... Read more
SANTA CRUZ, Calif. / May 02, 2024 / Business Wire / Joby Aviation, Inc. (NYSE:JOBY), a company developing electric air taxis for commercial passenger service, today announced it has successfully completed its pre-production flight test program and is now focused on the next phase of flight testing, during which the Company will use its production prototype... Read more
Blink to provide expanded charging infrastructure and support a more sustainable future for the state. Bowie, Md., May 02, 2024 (GLOBE NEWSWIRE) -- Blink Charging Co. (NASDAQ: BLNK) (“Blink” or the “Company”), a leading global manufacturer, owner, operator and provider of electric vehicle (EV) charging equipment and services, has announced it has secured a contract as an official EV charging provider for the... Read more
LOS ANGELES, May 02, 2024 (GLOBE NEWSWIRE) -- Xos, Inc. (NASDAQ: XOS), an industry-leading commercial electric vehicle manufacturer, has received official approval from the California Air Resources Board (CARB) for the 2024 Xos SV Battery Electric Stepvan to be listed on the Clean Truck and Bus Voucher Incentive Program (HVIP) catalog. The HVIP incentive, starting at a base amount of $85,000, offers Xos a... Read more
Well-Respected Commercial Vehicle Dealership to Address the Cities of Kamloops and Kelowna in British Columbia, Canada VANCOUVER, BC / ACCESSWIRE / May 2, 2024 / Vicinity Motor Corp. (NASDAQ:VEV) (TSXV:VMC) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, today announced that it has signed a new distribution agreement with RJames Management Group Ltd to launch RJames... Read more
CAPE CANAVERAL, Fla. / May 02, 2024 / Business Wire / Sidus Space (NASDAQ: SIDU) (the “Company” or “Sidus”), a multi-faceted Space and Data-as-a-Service satellite company announced the successful delivery of two electronic LCS cabinets to Bechtel as part of NASA's mobile launcher 2. These cabinets, integral to the Launch Control System, mark a significant milestone in Sidus Space's contribution to NASA's Artemis... Read more
AUBURN HILLS, Mich., May 2, 2024 /PRNewswire/ -- BorgWarner Inc. (NYSE: BWA) today reported first quarter results. Charging Forward Update: BorgWarner has solidified two high voltage hairpin (HVH) eMotor business wins with XPeng, a leading Chinese Smart EV manufacturer, for use on two upcoming SUV models. The contracts include BorgWarner's advanced oil-cooling 800V eMotor systems, comprised of stator and... Read more
2024 Q1 revenue of $723 million; 1,127 equivalent units ("EUs") delivered, up 42% from 2023 Q1, with 201 of EUs delivered being battery- and fuel cell-electric buses ("ZEBs"). Ending total backlog2 position (both firm and options) reached a record high of 14,783 EUs (valued at $11.7 billion), with 365 EUs in bid award pending; ZEBs represent 39% of total backlog2. 2024 Q1 Net loss of $9 million; Net loss per... Read more
TORONTO / May 02, 2024 / Business Wire / Magellan Aerospace Corporation (“Magellan” or the “Corporation”) released its financial results for the first quarter of 2024. All amounts are expressed in Canadian dollars unless otherwise indicated. The results are summarized as follows: Three month period ended March 31 Expressed in thousands of Canadian dollars, except per share... Read more
Flight Will Mark Virgin Galactic’s Seventh Commercial Mission, Seventh Research Mission Multiple Research Experiments to Include Axiom Space and University Payloads ORANGE COUNTY, Calif. / May 01, 2024 / Business Wire / Virgin Galactic Holdings, Inc. (NYSE: SPCE) today announced the ‘Galactic 07’ flight window will open Saturday, June 8, 2024. This will be the Company’s second spaceflight this year and 12th to... Read more
BEIJING, China, May 01, 2024 (GLOBE NEWSWIRE) -- Li Auto Inc. (“Li Auto” or the “Company”) (Nasdaq: LI; HKEX: 2015), a leader in China’s new energy vehicle market, today announced that the Company delivered 25,787 vehicles in April 2024, up 0.4% year over year. The cumulative deliveries of Li Auto vehicles reached 739,551 as of the end of April 2024. “Li L6, our first model priced under RMB300,000, has garnered... Read more
NIO delivered 15,620 vehicles in April 2024, increasing by 134.6% year-over-year NIO delivered 45,673 vehicles year-to-date in 2024, increasing by 21.2% year-over-year Cumulative deliveries of NIO vehicles reached 495,267 as of April 30, 2024 SHANGHAI, China, May 01, 2024 (GLOBE NEWSWIRE) -- NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) (“NIO” or the “Company”), a pioneer and a leading company in the... Read more
More Than 40,000 Low-Emission School Buses Deployed Since 2012 MACON, Ga. / May 01, 2024 / Business Wire / Blue Bird Corporation (Nasdaq: BLBD), the leader in electric and low-emission school buses, has extended its exclusive clean school bus collaboration with Ford Component Sales and ROUSH CleanTech to 2030. The agreement strengthens Blue Bird’s industry leadership in low- and zero-emission student... Read more
9,393 vehicles delivered in April 2024, a 33% increase year-on-year X9 MPV cumulative deliveries nearing 10,000 units since its launch in January GUANGZHOU, China, May 01, 2024 (GLOBE NEWSWIRE) -- XPeng Inc. (“XPENG” or the “Company,” NYSE: XPEV and HKEX: 9868), a leading Chinese smart electric vehicle (“Smart EV”) company, today announced its vehicle delivery results for April 2024. In April 2024, XPENG... Read more
Pritchard EV is a nationally known leader in fleet sales and a pioneer in commercial EV sales Mullen EV fleet vehicles now available for immediate order and delivery through Pritchard EV, an authorized HVIP Dealer BREA, Calif., May 01, 2024 (GLOBE NEWSWIRE) -- via IBN -- Mullen Automotive, Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an electric vehicle (“EV”) manufacturer, announces today the expansion... Read more
BOISBRIAND, QC / ACCESSWIRE / May 1, 2024 / Vision Marine Technologies Inc. (NASDAQ:VMAR) ("Vision Marine" or the "Company"), a leading provider of electric propulsion solutions, announces the filing of a patent application for its innovative method and apparatus for controlling the cooling water system of an electric marine vessel. The patent application addresses the unique challenges of designing and operating... Read more
NORTON, Mass., May 01, 2024 (GLOBE NEWSWIRE) -- CPS Technologies Corporation (NASDAQ:CPSH) (“CPS” or the “Company”) today announced financial results for the fiscal first quarter ended March 30, 2024. First Quarter Summary Revenue of $5.9 million for the first quarter of 2024 versus $7.1 million in the prior-year period, primarily due to further quality control testing and production staffing challenges Gross... Read more
Vancouver, British Columbia--(Newsfile Corp. - April 30, 2024) - Hillcrest Energy Technologies (CSE: HEAT) (OTCQB: HLRTF) (FSE: 7HI), a ("Hillcrest" or the "Company"), is pleased to announce that, further to its news releases dated January 31, 2024, February 9, 2024 and April 17, 2024, the Company has closed the third and final tranche of its oversubscribed non-brokered private placement in the amount of 6,762,000... Read more
Research project seeks to utilize a new process for recovering critical battery materials Process can be used on end-of-life automotive batteries as well as manufacturing scrap ANN ARBOR, Mich., April 30, 2024 /PRNewswire/ -- Toyota Motor North America ('Toyota') announces that it has entered a Cooperative Research and Development Agreement (CRADA) with the U.S. Department of Energy's Argonne National... Read more
SHANGHAI, China and SANTA CLARA, Calif., April 30, 2024 (GLOBE NEWSWIRE) -- Neusoft Reach Automotive Technology (Shanghai) Co., Ltd., a subsidiary of Neusoft specializing in intelligent vehicle technology, and Ambarella, Inc. (NASDAQ: AMBA), an edge AI semiconductor company, announced the establishment of a strategic partnership at the Beijing Auto Show. This cooperation is based on the strong resources and... Read more
KULR ONE Space and KULR ONE Guardian Platforms to Integrate Amprius Silicon Anode SA10 Cells SAN DIEGO, April 30, 2024 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a global leader in safe and high performance energy storage solutions, today announced a leap forward in battery technology tailored for defense and space applications as KULR Technology Group... Read more
Midwestern Retail to Feature Massimo UTV and ATV Products Online and In-Store GARLAND, Texas, April 30, 2024 /PRNewswire/ -- Massimo Group (NASDAQ: MAMO) ("Massimo"), a manufacturer and distributor of powersports vehicles and pontoon boats, today announced it has entered into an ongoing agreement with Fleet Farm, a retailer serving active, outdoor, suburban and farm communities in the Midwest U.S., for... Read more
SAN DIEGO and GUANGZHOU, China, April 30, 2024 /PRNewswire/ -- Nuvve Holding Corp. ("Nuvve") (Nasdaq: NVVE), a global technology leader accelerating the electrification of transportation through its proprietary energy management and aggregation platform, and Guangzhou Great Power Energy and Technology Corporation ("Great Power)" (NCY: 300438.SZ), a global leader in lithium-ion battery manufacturing... Read more
Solid execution drives Q1 sales above, and EPS in-line with guidance CHICAGO / Apr 30, 2024 / Business Wire / Littelfuse, Inc. (NASDAQ: LFUS), a diversified, industrial technology manufacturing company empowering a sustainable, connected, and safer world, today reported financial results for the first quarter ended March 30, 2024: Net sales of $535 million were down 12% versus the prior year period, and down... Read more
AUSTIN, Texas / Apr 30, 2024 / Business Wire / Hyliion Holdings Corp. (NYSE: HYLN) (“Hyliion”), a developer of sustainable electricity-producing technology, today reported its first-quarter 2024 financial results. Key Business Highlights Announced that H2 Energy Group has executed a letter of intent to purchase up to 10 KARNO generator units that will... Read more
NÜRTINGEN, Germany / Apr 30, 2024 / Business Wire / ADS-TEC Energy plc (plc (“ADS-TEC Energy,” “ADS-TEC ,” “Company,” “we,” “our” or “us”) (NASDAQ: ADSE), a global leader in battery-buffered, ultra-fast charging technology, today announced audited financials for FY 2023 and is pleased to provide an operational update on the recent financial performance and key developments for the company. FY 2023 Financial... Read more
Sales of $2.7 billion, an increase of $91 million Net income of $3 million, including a $29 million charge related to the announced European hydraulics business divestiture Adjusted EBITDA of $223 million, an increase of $19 million over last year Adjusted EBITDA margin of 8.2 percent, a 50-basis-point improvement compared with 2023 Operating cash flow improved by $68 million compared with last... Read more
● New facility will more than double Joby’s manufacturing footprint in California ● Expansion funded in part by $9.8 million California Competes grant ● Second production prototype aircraft has rolled off production line SANTA CRUZ, Calif. / Apr 29, 2024 / Business Wire / Joby Aviation, Inc. (NYSE: JOBY), a company developing electric air taxis for commercial passenger service, today announced it has broken ground... Read more
NASA’s PREFIRE mission requires two satellites to be deployed to precise orbits one after the other, demonstrating Electron’s highly responsive launch capability. LONG BEACH, Calif. / Apr 29, 2024 / Business Wire / Rocket Lab USA, Inc. (Nasdaq: RKLB) (“Rocket Lab” or “the Company”), a global leader in launch services and space systems, today announced it is preparing two back-to-back Electron launches to deploy... Read more
GOTHENBURG, Sweden / Apr 29, 2024 / Business Wire / Polestar and fast-charging battery pioneer StoreDot have successfully demonstrated the implementation of StoreDot’s Extreme Fast Charging (XFC) technology in a car for the first time, charging a Polestar 5 prototype from 10-80% in just 10 minutes. The fully driveable verification prototype saw a consistent charge rate starting at 310 kW and rising to a peak in... Read more
Purchase of New Flyer’s zero-emission Xcelsior CHARGE NG™ buses marks a major step forward in Massachusetts Bay Transportation Authority’s effort to transition to an all-electric bus fleet ST. CLOUD, Minn., April 29, 2024 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (NFI), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, today... Read more
Weather models powered by space-based data and AI will provide critical insights VIENNA, Va. / Apr 29, 2024 / Business Wire / Spire Global, Inc. (NYSE: SPIR) (“Spire” or “the Company”), a global provider of space-based data, analytics and space services, has entered into a multi-million-dollar deal with a financial firm. The Company will provide its High-Resolution Weather Forecast model, which offers a six-day... Read more
Sumitomo Corp, a leading integrated trading company and SMFL, one of the world's premier financial institutions are looking to support Gogoro's global business expansion while creating new business opportunities for Sumitomo Corporation and SMFL. TAIPEI, April 29, 2024 /PRNewswire/ -- Gogoro Inc. (Nasdaq: GGR), a global technology leader in battery-swapping ecosystems that enable sustainable mobility solutions... Read more
Under HVIP, the Mullen THREE EV truck, with a suggested MSRP of $68,500, now qualifies for a rebate of up to $45,000. When combined with the available $7,500 federal tax credit, the net effective cost of the Mullen THREE would be less than $17,000. BREA, Calif., April 29, 2024 (GLOBE NEWSWIRE) -- via IBN -- Mullen Automotive, Inc. (NASDAQ: MULN)... Read more
Sumitomo Corporation Power & Mobility, a 100% subsidiary of Sumitomo Corporation and Electrovaya have expanded their sales partnership with a formal supply agreement with the intention to supply battery modules to a leading Japanese construction equipment OEM TORONTO, ON / ACCESSWIRE / April 29, 2024 / Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA) (TSX:ELVA), a lithium ion battery... Read more
NÜRTINGEN, Germany / Apr 29, 2024 / Business Wire / ADS-TEC Energy plc (“ADS-TEC Energy”, “Company”, “we”, “our” or “us”) (NASDAQ: ADSE), a global leader in battery-buffered, ultra-fast charging technology, is pleased to announce the appointment of Alwin Epple to its Board of Directors. With an illustrious career in the automotive industry spanning over three decades, Mr. Epple brings a wealth of experience and... Read more
GUANGZHOU, China, April 28, 2024 (GLOBE NEWSWIRE) -- EHang Holdings Limited (“EHang” or the “Company”) (Nasdaq: EH), the world’s leading Urban Air Mobility (“UAM”) technology platform company, announced that it has established a strategic partnership with ultra-fast charging-focused Guangzhou Greater Bay Technology Co., Ltd. (“Greater Bay Technology” or “GBT”) at the 16th Chongqing International Battery Technology... Read more
Collaboration with global eVTOL player EHang announced during Abu Dhabi’s inaugural DRIFTx event Agreement aims to promote eVTOLs to transform the way people and goods are transported EHang looking to promote business activities with local partners including manufacturing, flight operations, research and development, training and MRO ABU DHABI, United Arab Emirates, April 26, 2024 (GLOBE NEWSWIRE) -- EHang... Read more
GERMANTOWN, Md., April 26, 2024 /PRNewswire/ -- Hughes Network Systems, LLC (HUGHES), an EchoStar company (Nasdaq: SATS), today announced the opening of a new cutting-edge manufacturing facility and private 5G incubation center in Germantown, Maryland, underscoring the long-standing commitment of Hughes to technological advancement and fostering local talent in the region. The Hughes... Read more
Initially available for B2B customers in the city of Kathmandu, Gogoro Battery Swapping is scheduled to be available to consumers later this year. Gogoro's entrance into Nepal is an extension of its India commercialization and utilizes Gogoro's new India-made CrossOver GX250 Smartscooter. KATHMANDU, Nepal, April 26, 2024 /PRNewswire/ -- Nebula Energy and Gogoro Inc (Nasdaq: GGR), a global technology... Read more
BOISBRIAND, QC / ACCESSWIRE / April 26, 2024 / Vision Marine Technologies Inc. (the "Company"), a pioneer in electric propulsion innovation, is pleased to announce the patent filing for its cutting-edge Communication Cryptographic System technology, integral to the E-Motion™ Electric Powertrain components on April 24, 2024. Enabled by high-capacity batteries, this key technology seeks to enhance security for users,... Read more
Multilateral agreement signed with three Abu Dhabi government departments identifies support for establishing and scaling Joby’s air taxi service in Abu Dhabi and beyond Agreement covers the potential to develop a full air taxi ecosystem, including training, infrastructure development and flight operations, as well as a manufacturing presence in Abu Dhabi Agreement unlocks opportunity for inter-emirate air taxi... Read more
$1.4 billion investment in Indiana plant brings production of an all-new BEV Toyota adds up to 340 new, sustainable U.S. jobs PRINCETON, Ind., April 25, 2024 /PRNewswire/ -- Toyota will prepare for assembly of an all-new, three row battery electric SUV in the U.S. as part of a new $1.4 billion investment in its Princeton facility, affirming Toyota's commitment to reinvesting profits in its U.S.... Read more
Archer is working with Abu Dhabi to operationalise its air taxi services, in-country manufacturing, and training across the region Archer is coordinating with government partners across Abu Dhabi to develop the necessary vertiports and charging infrastructure Archer and ADIO (Abu Dhabi Investment Office) jointly define an ambitious set of operational... Read more
Hillcrest Energy Technologies (CSE: HEAT) (OTCQB: HLRTF) (FSE: 7HI), is making significant strides in advancing its ZVS (Zero Voltage Switching) technology, heralding a new era in power conversion solutions. The company's recent endeavors underscore its commitment to innovation and expansion into diverse applications, propelling it toward commercial success. One notable achievement is the ongoing testing of... Read more
CAMPBELL, Calif. / Apr 25, 2024 / Business Wire / ChargePoint (NYSE: CHPT), a leading provider of networked charging solutions for electric vehicles (EVs), announced today enhancements to its software offering which enables electric and mixed fuel fleets to find, use, and pay for charging from a single application, including seamless driver reimbursement when they charge their company EV at home. “We continue to... Read more
Greenman Energy installs its first ChargePost from ADS-TEC Energy at a Greenman OPEN supermarket With ChargePost, Greenman Energy is bringing ultra-fast charging to supermarket parking lots With its integrated battery storage technology, the ChargePost charges EVs ultra-fast even when the power grid is limited Combined with other features, the ChargePost becomes a multi-revenue platform for Greenman... Read more
SAN DIEGO, April 25, 2024 (GLOBE NEWSWIRE) -- Beam Global, (Nasdaq: BEEM, BEEMW), a leading provider of innovative and sustainable infrastructure solutions for the electrification of transportation and energy security, announced that the U.S. National Park Service (NPS) has deployed EV ARC™ solar-powered EV charging systems to charge federal fleet vehicles at the National Capital Region headquarters at the National... Read more
Company now in receipt of CARB approval for both 2024 and 2025 Class 3 Model Years CARB certification takes on even more significance with the recent Advanced Clean Fleets (“ACF”) regulation, which requires state and local government fleets, including city, county, special district, and state agency fleets, to ensure 50% of vehicle purchases are... Read more
San Diego, CA., April 25, 2024 (GLOBE NEWSWIRE) -- Draganfly Inc. (NASDAQ: DPRO) (CSE: DPRO) (FSE: 3U8A) (“Draganfly” or the “Company”), an award-winning, industry-leading drone solutions and systems developer is pleased to announce a strategic collaboration with ParaZero Technologies Ltd., (NASDAQ: PRZO) a pioneer in drone safety systems aimed at enhancing the safety and efficacy of UAVs in medical and emergency... Read more
HALIFAX, Nova Scotia / Apr 25, 2024 / Business Wire / Maritime Launch Services Inc. (Cboe: MAXQ, OTCB: MAXQF) and The Spaceport Company have inked a Letter of Intent (LOI) to lease a containerized tracking and telemetry station (TTS) from The Spaceport Company (TSC) for an inaugural orbital launch from Canada, with options to purchase multiple units as Maritime Launch operations ramp up. “This agreement allows us to... Read more
MILWAUKEE / Apr 25, 2024 / Business Wire / LiveWire Group, Inc. (“LiveWire” or the “Company”) (NYSE: LVWR) today reported first quarter 2024 results. “We are pleased with the successful launch of the S2 Mulholland, and with three bikes in market, we are proud that LiveWire is now the #1 on-road electric motorcycle retailer in the U.S. As part of our plans to expand our market leadership, our teams are working on... Read more
Revenue decreased 48% year over year to $239 million in the first quarter due to the significant drawdown of inventory at our Tier 1 customers announced earlier this year. Diluted EPS (GAAP) was $(0.27) and Adjusted Diluted EPS (Non-GAAP) was $(0.07) in the first quarter. Inventory consumption and the expected quarterly cadence of EyeQTM SoC deliveries over the course of 2024 remains on-track with our... Read more
PALO ALTO, Calif., April 24, 2024 /PRNewswire/ -- Marelli, a leading mobility technology supplier to the automotive sector, and Hesai Group (NASDAQ: HSAI), a global leader in automotive-grade lidar today announced a collaboration to integrate Marelli's innovative headlamp design with Hesai's next-generation lidar technology. This unique integration seamlessly blends Hesai's new ATX lidar into Marelli's premium... Read more
Gogoro says JEGO's initial sales show strongest demand for a Smartscooter since the pandemic began with the majority or pre order customers being first time EV buyers. Gogoro expects to realize the fully-paid JEGO preorder revenue in Q2 2024. TAIPEI, Taiwan, April 24, 2024 /PRNewswire/ -- Gogoro Inc. (Nasdaq: GGR), a global technology leader in battery-swapping ecosystems that enable sustainable... Read more
In first steps, Blink Charging UK will provide twelve chargers at high volume sorting center in Rugby, UK London, UK, April 24, 2024 (GLOBE NEWSWIRE) -- Blink Charging UK, a subsidiary of leading global EV charging provider, Blink Charging Co., has collaborated with Evri, the UK’s biggest dedicated parcel delivery company, to install one of Evri’s first EV charging hubs at its sorting center in Rugby, UK. The... Read more
Tel Aviv, Israel, April 24, 2024 (GLOBE NEWSWIRE) -- ParaZero Technologies Ltd. (Nasdaq: PRZO) (the "Company” or “ParaZero”), an aerospace company focused on drone safety systems for commercial drones and urban air mobility aircraft, received a significant purchase order from Draganfly Inc. (Nasdaq: DPRO) (CSE: DPRO) (FSE: 3U8A) (“Draganfly”), an industry pioneer in commercial drone technology. This order will... Read more
Squamish, BC., April 24, 2024 (GLOBE NEWSWIRE) -- Draganfly Inc. (NASDAQ: DPRO) (CSE: DPRO) (FSE: 3U8A) (“Draganfly” or the “Company”), an award-winning, industry-leading drone solutions and systems developer is pleased to announce a memorandum of understanding with Squamish Search and Rescue (SSAR), pursuant to which Draganfly will serve as SSAR’s UAV solutions partner. SSAR is one of the busiest Search and... Read more
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