Growing share of higher margin models in sales mix and continuing cost reduction measures start to drive financial and operational performance improvement
Gross margin improved by 15ppts to 7% versus Q1 2024
Net loss reduced by 31%; an Adjusted EBITDA loss improvement of 46% year-on-year
Over USD 900 million worth of financing facilities secured or renewed in Q1 2025
Cash position of USD 732... Read more
WINNIPEG, Manitoba, May 12, 2025 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (NFI) a leader in propulsion-agnostic bus and coach mobility solutions, is pleased to announce that the ten nominees listed in the management information circular dated March 21, 2025, were elected as directors of the Board at the Company’s annual and special meeting of shareholders (the Shareholder... Read more
AUSTIN, Texas, May 09, 2025 (GLOBE NEWSWIRE) -- Volcon Inc. (NASDAQ: VLCN) (“Volcon'', the “Company” or “we”), the first all-electric, off-road powersports company, today reported its operational highlights and financial results for the quarter ended March 31, 2025.
Company Highlights: ●
Sold all remaining Grunt EVO motorcycles in Q1 ●
Signed amended and... Read more
NEWARK, Calif., May 8, 2025 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ: LCID), maker of the world's most advanced electric vehicles, today announced the opening of its latest Studio and Service Center location in Rutherford, N.J. The new facility, built to serve the rapidly expanding customer base in New Jersey marks Lucid's 43rd permanent location in North America and 58th location globally. "New... Read more
HOUSTON, TX / ACCESS Newswire / May 8, 2025 / Envirotech Vehicles, Inc. (NASDAQ:EVTV) ("Envirotech" or the "Company") today announced that through its subsidiary, AG Drones Inc. ("AG Drones"), it has entered into a Consulting and Manufacturing Agreement with a U.S. drone manufacturer for the manufacture of a U.S.-made heavy lift drone and that, following delivery of the drone and its associated... Read more
WINNIPEG, Manitoba, May 08, 2025 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. ("NFI" or the "Company"), a leader in propulsion-agnostic bus and coach mobility solutions, today announced its unaudited interim condensed consolidated financial results for the first quarter of 2025. All figures quoted in U.S. dollars unless otherwise noted.
First Quarter Highlights Deliveries:... Read more
Q1 total net assets increased by $24.8 million, or 21.6%, from the prior year-end.
FF continued to expand its client base with two FF 91 2.0 deliveries, one in California and one in New York, officially entering the East Coast market, expanding its regional footprint beyond California.
The FX Super One is anticipated to be unveiled around end of June of 2025, online B2C paid pre-order collection... Read more
Net Sales of $359M and GAAP Net Income of $26M
Adj. EBITDA of $49M with 14% Margin and 2,295 Buses Sold
FY2025 Adj. EBITDA Guidance Reaffirmed at $200M or 14% of Revenue MACON, Ga. / May 07, 2025 / Business Wire / Blue Bird Corporation (“Blue Bird”) (Nasdaq: BLBD), the leader in electric and low-emission school buses, announced today its fiscal 2025 second quarter results.
Highlights... Read more
WINNIPEG, Manitoba, May 07, 2025 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (NFI), a leader in propulsion-agnostic bus and coach mobility solutions, today announced that it and certain of its subsidiaries (collectively, the Company) have entered into a new revolving credit facility (the First Lien Facility) with a total borrowing limit of $845 million, which includes $300... Read more
$206 million of positive gross profit in the first quarter of 2025 Unlocked an expected $1 billion investment from Volkswagen Group Significant progress made on R2 development and factory expansion Completed over 36,000 demo drives during the first quarter of 2025 - the highest number of drives in a quarter to date IRVINE, Calif. / May 06, 2025 / Business Wire / Rivian Automotive,... Read more
Produced 2,212 vehicles in Q1, excluding over 600 vehicles in transit to Saudi Arabia for factory gating
Delivered 3,109 vehicles in Q1; up 58.1% compared to Q1 2024
Q1 revenue of $235.0 million
GAAP net loss per share of $(0.24); non-GAAP net loss per share of $(0.20)
Ended the quarter with approximately $5.76 billion in total liquidity NEWARK, Calif., May 6, 2025 /PRNewswire/ -- Lucid... Read more
All-electric B4 will be used as both a work truck and delivery truck, supporting various LES Ecology Center environmental initiatives including the longest running compost program in New York City BREA, Calif., May 06, 2025 (GLOBE NEWSWIRE) -- via IBN -- Mullen Automotive Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an electric vehicle (“EV”) manufacturer, announces its subsidiary,... Read more
New leaders set to drive growth and bolster leadership in key areas NEWARK, Calif., May 6, 2025 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ: LCID), maker of the world's most advanced electric vehicles, today announced the company has strengthened its executive leadership team as it prepares for future growth. Lucid recently welcomed Akerho "AK" Oghoghomeh as Senior Vice President of Marketing,... Read more
West Virginia Deployments Now Total 22 GreenPower School Buses GreenPower Motor Company Inc. (NASDAQ: GP) (TSXV: GPV) ("GreenPower"), a leading manufacturer and distributor of purpose-built, all-electric, zero-emission medium and heavy-duty vehicles serving the cargo and delivery market, shuttle and transit space and school bus sector, today announced that three Type D all-electric, pu... Read more
Partnership leverages growing resources in the Kingdom of Saudi Arabia to advance key areas in Lucid's technology roadmap while progressing the country's vision for sustainable mobility KING ABDULLAH ECONOMIC CITY, Saudi Arabia, May 5, 2025 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ: LCID), maker of the world's most advanced electric vehicles, and King Abdullah University of Science and... Read more
ANAHEIM, CA / ACCESS Newswire / May 5, 2025 / Phoenix Motor Inc. dba PhoenixEV, a leading manufacturer of all-electric, medium- and heavy-duty vehicles, is pleased to announce that it has been awarded a multi-category contract by the California Department of General Services (DGS) for Battery Electric Buses (BEBs). PhoenixEV has been selected for the following vehicle categories: Group 2 - 35-foot... Read more
DEARBORN, Mich. / May 05, 2025 / Business Wire / Ford Motor Company (NYSE: F) today reported first quarter 2025 financial results. Visit the company’s Investor Relations website at shareholder.ford.com to view the earnings release, earnings presentation and other supporting material.
At 5:00 p.m. ET, Ford and Ford Motor Credit Company management will hold a conference call to discuss these financial... Read more
DETROIT, May 5, 2025 /PRNewswire/ -- General Motors (NYSE: GM) announced today it has launched an offering of senior unsecured fixed rate notes. GM intends to use the net proceeds from the sale of the notes for general corporate purposes, including to refinance a portion of the $1.25 billion outstanding of its 6.125% senior notes maturing on October 1, 2025, and fund a portion of the $1.8 billion... Read more
DETROIT, May 5, 2025 /PRNewswire/ --General Motors (NYSE: GM) announced today the pricing of three series of senior unsecured fixed rate notes for a total of $2.0 billion. These notes include $750.0 million of 5.350% notes due in 2028, $750.0 million of 5.625% notes due in 2030 and $500.0 million of 6.250% notes due in 2035. The offering is expected to settle on May 7, 2025.
GM intends to use the... Read more
Delivers 35,045 units in April, up 273% YoY
30,000+ vehicles delivered monthly for six consecutive months GUANGZHOU, China, May 01, 2025 (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 2025.
In April, XPENG delivered 35,045... Read more
firefly started deliveries in late April 2025
23,900 vehicles were delivered in April 2025, increasing by 53.0% year-over-year
65,994 vehicles were delivered year-to-date in 2025, increasing by 44.5% year-over-year
Cumulative deliveries reached 737,558 as of April 30, 2025 SHANGHAI, May 01, 2025 (GLOBE NEWSWIRE) -- NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) (“NIO” or... Read more
HANGZHOU, China, May 1, 2025 /PRNewswire/ -- ZEEKR Intelligent Technology Holding Limited ("Zeekr Group" or the "Company") (NYSE: ZK), the world's leading premium new energy vehicle group, today announced its delivery results for April 2025.
In April, Zeekr Group delivered a total of 41,316 vehicles across its Zeekr and Lynk & Co brands, marking a 1.5% increase compared to the previous month.... Read more
JINHUA, CHINA, May 01, 2025 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) (“Kandi” or the “Company”), a leader in all-electric personal transportation and utility vehicles, today announced that its manufacturing facility in Garland, Texas has officially commenced operations. The first electric golf cart assembled in the U.S. has come off the production line, representing... Read more
BEIJING, China, April 30, 2025 (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 it delivered 33,939 vehicles in April 2025, representing a year-over-year increase of 31.6%. As of April 30, 2025, Li Auto’s cumulative deliveries reached 1,260,675.
Li Auto has remained the sales... Read more
Presents Electric Step Van with Superior Safety Features
Exhibits First OEM-installed Propane-powered Class 5-6 Chassis MACON, Ga. / Apr 29, 2025 / Business Wire / Blue Bird Corporation (Nasdaq: BLBD), the leader in electric and low-emission school buses, showcases its latest zero- and ultra-low emission commercial vehicle platforms at the upcoming 2025 Advanced Clean Transportation (ACT) Expo,... Read more
LONDON, April 29, 2025 (GLOBE NEWSWIRE) -- Zapp Electric Vehicles Group Limited (Nasdaq: ZAPP) (“Zapp EV” or the “Company”), owner of “Zapp”, the British electric vehicle brand on a mission to revolutionise personal urban mobility, today announced it has appointed Michael Grant Zapp Limited as its first authorised reseller in Ireland, based in Dublin. Mr. Michael Grant brings more than... Read more
Plans to introduce hydrogen trucks to Southern California-based Toyota North American Parts Center fleet
Investments in hydrogen infrastructure to benefit trucking fleets and consumers
North American debut of Toyota's more efficient, more powerful Gen 3 FC system ANAHEIM, Calif., April 28, 2025 /PRNewswire/ -- Toyota Motor North America (Toyota) today reaffirmed its commitment to a Hydrogen... Read more
CINCINNATI, April 28, 2025 (GLOBE NEWSWIRE) -- Workhorse Group Inc. (Nasdaq: WKHS) (“Workhorse” or “the Company”), an American technology company focused on pioneering the transition to zero-emission commercial vehicles, today announced the successful completion of a 2,400-mile drive from Cincinnati, Ohio to Anaheim, California in its W56 electric step van. The vehicle, which demonstrated... Read more
TEL AVIV, Israel, April 28, 2025 (GLOBE NEWSWIRE) -- REE Automotive Ltd. (Nasdaq: REE) (“REE” or the “Company”), an automotive technology company that develops and builds software-defined vehicle technology and provider of full by-wire electric trucks and platforms, today announced a 2024 business update and that it reschedules the release date of its fourth-quarter and fiscal year 2024 financial... Read more
Revenue Of $127.6M up 3.2% YoY, Supported by Expanded Product Reach And Improved Geographic Balance
Electric Off-Road Vehicle Revenue Rose 8.9% YoY, Reinforcing Core Segment Leadership
Enhanced Supply Chain Flexibility with Taiwan Upgrades, While Progressing Steadily Toward U.S. Localization Goals JINHUA, China, April 28, 2025 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (the “Company”,... Read more
