Accelera™ by Cummins, the zero-emissions business segment of Cummins Inc. (NYSE: CMI) today announced plans to launch a battery electric powertrain for Isuzu’s F-series in North America. Availability of the medium-duty truck is expected in 2026 and will include Accelera’s next generation lithium iron phosphate (LFP) battery technology. “Partnership and collaboration are critical to supporting customers through the... Read more
Focus on autonomous trucking and railway safety systems DUBLIN, Calif. / May 14, 2024 / Business Wire / AEye, Inc. (NASDAQ: LIDR), a global leader in adaptive, high-performance lidar solutions, today announced it will partner with Accelight Technologies, Inc. (“ATI”) and LighTekton Co., Ltd. to deliver AEye’s 4Sight™ lidar solutions to the China market. Together, the group will help deliver safer autonomous... Read more
$1.5 million in Adjusted EBITDA1, bringing the trailing 12 month Adjusted EBITDA1 to $5.8 million Revenue of $10.7 million and Gross Margins improved by 1240 basis points year over year to 35% Operating profit of $0.7 million with positive cash flow from operations for the quarter TORONTO, ON / ACCESSWIRE / May 14, 2024 / Electrovaya Inc. ("Electrovaya" or the "Company") (Nasdaq:ELVA) (TSX:ELVA), a leading... Read more
Positioned for Increased Market Share & Revenue Growth with New Products and Technologies Substantial Preorders of Next Generation Group 27 and GC2 Batteries that Now Include Proprietary Vertical Heat Conduction™ Internal Heating Technology 2024 Anticipated Milestones Include: New Strategic Partnerships, OEM Expansion and Disruptive Product Launches Across Multiple Market Segments REDMOND, Ore., May 14,... Read more
Vancouver, BC., May 14, 2024 (GLOBE NEWSWIRE) -- Draganfly Inc. (NASDAQ: DPRO) (CSE: DPRO) (FSE: 3U8) (“Draganfly” or the “Company”), an award-winning, industry-leading drone solutions and systems developer, is pleased to announce its first quarter financial results. Key Financial and Operational Highlights for Q1 2024: ● Revenue for the first quarter of 2024 was $1,329,581 which represents a 45%... Read more
Kicked off key strategic partnership that will bring AEye’s lidar into the China market Fourth consecutive quarter of cash burn reduction DUBLIN, Calif. / May 14, 2024 / Business Wire / AEye, Inc. (Nasdaq: LIDR), a global leader in adaptive, high performance lidar solutions, today announced its results for the first quarter ended March 31, 2024. Management Commentary “AEye made incredible progress with our... Read more
Q1 2024 Revenue Increases 60% YoY to $30.2 Million Q1 2024 Net Income Increases 480% YoY to $3.2 Million New In-Store Agreements with Leading Global Retailers for Motor Vehicles Increased Massimo Motor Production Capacity to 3,000+ Vehicles a Month GARLAND, Texas, May 14, 2024 /PRNewswire/ -- Massimo Group (NASDAQ: MAMO) ("Massimo"), a manufacturer and distributor of powersports vehicles and... Read more
(TSX: NFI, OTC: NFYEF, TSX: NFI.DB) -- NFI Group Inc. (NFI), a leading independent bus and motor coach manufacturer and a leader in zero-emission electric mobility solutions, today announced that NFI subsidiary New Flyer of America Inc. (New Flyer), has been awarded a contract from the New Jersey Transit Corporation (NJ TRANSIT) for the purchase of up to 1,300 Xcelsior® 40-foot clean-diesel transit... Read more
Key development contract to jump-start execution of new OEM program SAN JOSE, Calif. / May 13, 2024 / Business Wire / Cepton, Inc. (“Cepton” or the “Company”) (Nasdaq: CPTN), a Silicon Valley innovator and leader in high-performance lidar solutions for automotive and smart infrastructure applications, has announced today that it has signed a significant Engineering Services Agreement (the “Agreement”) with its... Read more
MONTREAL, May 13, 2024 /CNW/ - Taiga Motors Corporation (TSX: TAIG) ("Taiga" or the "Company"), the leading electric off-road vehicle manufacturer, is thrilled to announce that it is expanding its footprint across Scandinavia with the delivery of additional NomadTM snowmobiles to its key customers SkiStar and Motorbutiken Klövsjö. In addition, Taiga is continuing its expansion in the European market with... Read more
SAN JOSE, Calif. / May 13, 2024 / Business Wire / Cepton, Inc. (“Cepton”) (Nasdaq ticker: CPTN), a Silicon Valley innovator and leader in high performance lidar solutions, today announced business updates and financial results for the first quarter 2024 ended March 31, 2024. “We started fiscal year 2024 with strong results in our commercial activities, securing a new series production award along with our tier 1... Read more
Expected net income from the battery business to be between RMB220 million and RMB250 million for the full year of 2024 DALIAN, China, May 10, 2024 /PRNewswire/ -- CBAK Energy Technology, Inc. (NASDAQ: CBAT) ("CBAK Energy," or the "Company") a leading lithium-ion battery manufacturer and electric energy solution provider in China, today reported its unaudited financial results for the first quarter ended March... Read more
Hillcrest Energy Technologies (CSE: HEAT) (OTCQB: HLRTF) (FSE: 7HI), an innovative clean technology company revolutionizing power conversion technologies, is actively pursuing business and financing opportunities in the United Kingdom. Hillcrest CEO Don Currie returned to the UK this week, where he engaged with numerous potential partners. He emphasized the significance of maintaining a consistent presence in the... Read more
DUBLIN, Calif. / May 09, 2024 / Business Wire / AEye, Inc. (NASDAQ: LIDR), a global leader in adaptive, high-performance lidar solutions, today announced that the non-binding Letter of Intent (“LOI”) announced in March is with LITEON Technology Corporation and is intended to provide AEye with a customer channel and industrialization partnership. Both companies will work together to supply AEye’s 4Sight™-based lidar... Read more
TAIPEI, May 9, 2024 /PRNewswire/ -- Gogoro Inc. ("Gogoro," "the Company" or "We") (Nasdaq: GGR), a global technology leader in battery swapping ecosystems that enable sustainable mobility solutions for cities, today released its financial results for its first quarter ended March 31, 2024. First Quarter 2024 Summary Revenue of $69.7 million, down 12.1% year-over-year and down 9.0% on a constant currency... Read more
Record revenue of $26 million, up 51% year over year GAAP gross margin of 29% and record non-GAAP gross margin of 36% SAN FRANCISCO / May 09, 2024 / Business Wire / Ouster, Inc. (NYSE: OUST) (“Ouster” or the “Company”), a leading global provider of high-performance lidar sensors and software solutions for the automotive, industrial, robotics, and smart infrastructure industries, announced today financial... Read more
REDMOND, WA / ACCESSWIRE / May 9, 2024 / MicroVision, Inc. (NASDAQ:MVIS), a leader in MEMS-based solid-state automotive lidar and ADAS solutions, today announced its first quarter 2024 results. Key Business Highlights for Q1 2024 Actively engaged in high-volume, top-tier global OEM RFQs for passenger vehicles. Expanding near-term revenue opportunities through direct sales in industrial markets. Working to... Read more
NVIDIA Jetson AGX Orin system-on-module is used to accelerate autonomous agriculture and heavy machinery projects Ness Ziona, Israel, May 08, 2024 (GLOBE NEWSWIRE) -- Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) (“Foresight” or the “Company”), an innovator in automotive vision solutions, has announced a major breakthrough with the development of Dragonfly Vision™, its cutting-edge 360-degrees 3D... Read more
Trips grew 21% year-over-year; MAPCs and monthly trips per MAPC grew 15% and 6% year-over-year, respectively Gross Bookings grew 20% year-over-year and 21% year-over-year on a constant currency basis Income from operations of $172 million; Adjusted EBITDA of $1.4 billion, up 82% year-over-year Operating cash flow of $1.4 billion; Free cash flow of $1.4 billion SAN FRANCISCO / May 08, 2024 / Business Wire /... Read more
Q1 2024 revenues of $7.1 million exceed previous guidance range of $5 -$6 million; reiterates full year 2024 operational targets TEL AVIV, Israel, May 8, 2024 /PRNewswire/ -- Innoviz Technologies Ltd. (Nasdaq: INVZ) (the "Company" or "Innoviz"), a leading Tier-1 direct supplier of high-performance, automotive grade LiDAR sensors and perception software, today provided commercial and strategic updates on... Read more
TORONTO, May 8, 2024 /CNW/ - STEER Technologies Inc. ("STEER" or the "Company") (TSXV: STER), (OTCQX: STEEF), an integrated ESG technology platform, today announced its operational and financial results for the year ended December 31, 2023 ("Fiscal 2023"). All financial results are reported in Canadian dollars, unless otherwise stated.1 Highlights include annual revenue of $17,732,500 in Fiscal 2023, down from... Read more
COLUMBUS, Ind. / May 07, 2024 / Business Wire / Accelera™ by Cummins, the zero-emissions business segment of Cummins Inc. [NYSE: CMI], is collaborating with BMC Otomotiv, a leading manufacturer of buses and trucks in Turkey and throughout Europe, to provide battery solutions for their transit bus operations. The companies have signed a letter of intent (LOI) for Accelera to power BMC’s city buses. This marks the... Read more
MONTREAL, QC / ACCESSWIRE / May 7, 2024 / Vision Marine Technologies Inc. (NASDAQ:VMAR) ("Vision Marine" or the "Company"), a pioneer in electric marine propulsion, is proud to announce the filing of a 3rd patent for its innovative Control & Power Management Software, integral to the E-Motion™ High-Voltage (HV) Electric Powertrain. This advanced software, in conjunction with the E-Motion™ multiple sensors, is... Read more
Q1 Rides and Gross Bookings Growth Exceed 20% Year-Over-Year Expects Higher Cash Generation for Full-Year 2024 SAN FRANCISCO / May 07, 2024 / Business Wire / Lyft, Inc. (Nasdaq:LYFT) today announced financial results for the first quarter ended March 31, 2024. “Lyft is off to a strong start in 2024. We are executing well and bringing much-needed innovation to the market. That’s why drivers and riders are... Read more
Business, operational, and financial update call scheduled for 4:30 p.m. ET today LOUISVILLE, Colo., May 07, 2024 (GLOBE NEWSWIRE) -- Solid Power, Inc. (Nasdaq: SLDP), a leading developer of solid-state battery technology, today announced its operational and financial results for the first quarter of 2024. Recent Business Highlights Strong early execution on SK On line installation and technology... Read more
Record Product Shipments to Customers Including Daimler Truck On Track with Daimler Truck Program Milestones and Start of Production Timeline Strong Progress with Multiple Automotive RFQs, Including Completing Audit with a Global Top 10 Passenger OEM MOUNTAIN VIEW, Calif. / May 07, 2024 / Business Wire / Aeva® (NYSE: AEVA), a leader in next-generation sensing and perception systems, today announced its first... Read more
Powerful 3D point cloud simulation platform to expedite ADAS and AV development and reduce implementation costs for automotive customers SAN JOSE, Calif. / May 06, 2024 / Business Wire / Cepton, Inc. (“Cepton”) (Nasdaq: CPTN), a Silicon Valley innovator and leader in high-performance lidar solutions for automotive and smart infrastructure applications, today announced the unveiling of its proprietary lidar... Read more
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
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
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
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
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