Company advanced from technical proof of concept to commercial prototype in one year 800V, 250kW traction inverter to be integrated into partner powertrains for real-world demonstrations in commercial applications Hillcrest’s inverter technology materially eliminates switching losses and offers improved motor efficiency, performance and reliability Hillcrest Energy Technologies (CSE: HEAT) (OTCQB: HLRTF), a... Read more
SANTA CLARA, Calif., Dec. 06, 2022 (GLOBE NEWSWIRE) -- Ambarella, Inc. (NASDAQ: AMBA), an edge AI semiconductor company, today announced the world’s first centralized 4D imaging radar architecture, which allows both central processing of raw radar data and deep, low-level fusion with other sensor inputs—including cameras, lidar and ultrasonics. This breakthrough architecture provides greater environmental... Read more
SAN DIEGO and LISLE, Ill., Dec. 5, 2022 /PRNewswire/ -- In a joint announcement, today TuSimple (NASDAQ:TSP) and Navistar announced an end to their co-development under the 2020 Joint Development Agreement. The decision to end the development agreement does not preclude the companies from working together in the future. "I decided to return as TuSimple's CEO to address the challenges ahead and to set us on a path... Read more
Q4 revenue increased by 140% and FY 2022 revenue increased by 70% year over year TORONTO, ON / ACCESSWIRE / December 5, 2022 / Electrovaya Inc. ("Electrovaya" or the "Company") (TSX:EFL)(OTCQB:EFLVF), a leading lithium-ion battery technology and manufacturing company, today reported its financial results for the fourth quarter and fiscal year ended September 30, 2022 ("Q4 FY2022" & "FY 2022", respectively).... Read more
Stress test during trucking’s peak season underscores the value autonomous solutions can bring to carriers of every size on the Uber Freight network Uber Freight, a leading logistics platform and partner for shippers and carriers, and Aurora Innovation (NASDAQ: AUR), a leading autonomous vehicle company, have announced the expansion of their autonomous pilot... Read more
Strengthens specialty power electronics capabilities Supports growth of High Voltage eFan business AUBURN HILLS, Mich., Dec. 2, 2022 /PRNewswire/ -- BorgWarner Inc. (NYSE: BWA) today announced that it has acquired Drivetek AG. Headquartered in Switzerland, Drivetek offers engineering and product development services for inverters, electric drive solutions, and power electronics as well as a line of products... Read more
New sensor management, calibration, perception and cloud software offerings empower customers to accelerate lidar development Velodyne Lidar, Inc. (Nasdaq: VLDR, VLDRW) today announced the beta launch of its Vella family of software products. Vella enables Velodyne’s customers to accelerate development of lidar-based vision solutions for autonomous applications. Using the online platform Vella Portal, Velodyne’s... Read more
AEye, Owl AI, and GPR to Provide Briefing at U.S. Ambassador Rahm Emanuel’s Residence at the U.S. Embassy in Tokyo On December 6, 2022, AEye, Inc. (NASDAQ: LIDR), Owl Autonomous Imaging (Owl AI), and GPR will present the latest solutions in automotive sensing and transportation technologies at a briefing for Japanese automotive industry executives hosted by Ambassador Rahm Emanuel at the United States Embassy in... Read more
REDMOND, OR / ACCESSWIRE / December 1, 2022 / Expion360, Inc. (NASDAQ:XPON), an industry leader in lithium ion battery power storage solutions, has introduced a new value-added reseller (VAR) program for its premium e360 lithium ion battery line. The program will complement the company's other growing market channels that includes more than 175 dealers, wholesalers, private-label customers, and OEMs... Read more
Acquisition brings together MicroVision's best-in-class MAVIN™ hardware and Ibeo's best-in-class perception software to be integrated into MicroVision's perception ASIC, accelerating the path to a cost effective, true "one box solution" required by automotive OEMs for a roofline integrated product Accelerates combined company revenue streams from hardware and software products with forecast ranging between $8 to... Read more
VANCOUVER, British Columbia, Nov. 30, 2022 (GLOBE NEWSWIRE) -- Hillcrest Energy Technologies (CSE: HEAT) (OTCQB: HLRTF), a clean technology company developing transformative power conversion technologies and control system solutions for next-generation electrical systems, announces it will participate in Singular Research’s Best of the Uncovered investor conference in San Francisco on December 8, 2022. The company... Read more
NYSE to celebrate 99th annual Christmas tree lighting on November 30th November 30 – Hyliion Holdings Corp. (NYSE: HYLN) (“Hyliion”), a leader in electrified powertrain solutions for Class 8 semi-trucks, today announced that it has successfully delivered the New York Stock Exchange’s iconic Christmas tree for the 99th annual lighting ceremony, which will take place this evening, November 30th, from 2 pm – 6 pm ET.... Read more
Exro has successfully completed phase one of its integrated e-axle co-development program with strategic partner, and major tier-1 OEM supplier, Linamar Corporation Exro remains committed to delivering on remaining key deliverables on behalf of shareholders by year-end, including pilots to SEA Electric and Vicinity, and new strategic partner Commencement of series production of Exro's Coil Driver™ remains on... Read more
As electric vehicles (EVs) from Tesla Inc. (NASDAQ: TSLA), General Motors Co. (NYSE: GM), Ford Motor Co. (NYSE: F) and Stellantis NV (NYSE: STLA) catch fire in the wake of Hurricane Ian, manufacturers have placed renewed urgency on finding safer, less fire-prone batteries to power their EVs. The outbreak of EV fires mirrors the aftermath of Hurricane Sandy in 2012 when over 300 EVs manufactured by Fisker Inc. (NYSE:... Read more
VANCOUVER, British Columbia, Nov. 30, 2022 (GLOBE NEWSWIRE) -- (TSXV: NBM) (OTCQB: NBMFF) Submitted Construction Permit Application for Silicon Anode Commercial Plant to Pyeongtaek City, Gyeonggi Province Will Begin Initial Groundwork/Site Clearance, Basic Civil Engineering Work, and Bidding from Contractors Upon Permit Approval in 1 Month NEO Battery Materials Ltd. (“NEO” or the “Company”) is a... Read more
Companies initially focused on introducing an eco-friendly alternative to traditional fossil fuel-powered vehicles for the last mile delivery industry. MANILA, Philippines, Nov. 29, 2022 /PRNewswire/ -- Gogoro Inc. (Nasdaq: GGR), a global technology leader in battery swapping ecosystems that enable sustainable mobility solutions for cities, today announced a strategic partnership in the Philippines with... Read more
Foresight Autonomous Holdings Ltd., an innovator in automotive vision systems (Nasdaq and TASE: FRSX) (“Foresight” or the “Company”), today reported financial results for the third quarter of 2022. Foresight ended the first nine months of 2022 with revenues of $451,000 and with $30.3 million in cash, cash equivalents, restricted cash and short-term deposits. The Company reported a U.S. Generally Accepted Accounting... Read more
SHENZHEN, China, Nov. 23, 2022 (GLOBE NEWSWIRE) -- Aurora Mobile Limited (“Aurora Mobile” or the “Company”) (NASDAQ: JG), a leading provider of customer engagement and marketing technology services in China, today announced its unaudited financial results for the third quarter ended September 30, 2022. Third Quarter 2022 Financial Highlights Revenues were RMB80.4 million (US$11.3 million), a decrease of 11%... Read more
Electrovaya's technologies provide solutions with superior safety and extended cycle life TORONTO, ON / ACCESSWIRE / November 22, 2022 / Electrovaya Inc. ("Electrovaya" or the "Company") (TSX:EFL)(OTCQB:EFLVF), a leading lithium-ion battery technology and manufacturing company, today announced that it plans to start development of high-voltage stationary energy storage battery systems using its existing... Read more
Cepton, Inc. (“Cepton” or the “Company”) (Nasdaq: CPTN), a Silicon Valley innovator and leader in high-performance lidar solutions, is collaborating with Exwayz to demonstrate new lidar-based perception solutions for mobile robotics applications. Exwayz provides plug-and-play perception software to enable lidar-based 3D mapping, localization and re-localization as well as object detection and classification. Its... Read more
BorgWarner will participate in Wolfspeed's financing transaction announced earlier today to support Wolfspeed's multi-year capacity expansion plan Access to a dedicated supply of silicon carbide (SiC) devices is significant to BorgWarner's inverter growth plan and Charging Forward objectives Wolfspeed and BorgWarner are also exploring a deeper collaboration for the purpose of accelerating technology development... Read more
Foresight’s QuadSight® technology will provide driver assistance features to Chinese airport vehicles Ness Ziona, Israel, Nov. 16, 2022 (GLOBE NEWSWIRE) -- Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) (“Foresight”), an innovator in automotive vision systems, announced today the signing of a joint development and supply agreement with SUNWAY-AI Technology (Changzhou) Co., Ltd. (“SUNWAY”), a global... Read more
TEL AVIV, Israel, Nov. 15, 2022 (GLOBE NEWSWIRE) -- Arbe Robotics Ltd. (NASDAQ: ARBE) a global leader in Perception Radar Solutions, announced today that HiRain Technologies, the leading Chinese ADAS Tier 1 supplier, placed its first mass quantity commercial preliminary order for 2023 and 2024, moving Arbe into the mass production phase. The order consists of 340,000 radar chipsets that will be... Read more
BESSEMER CITY, N.C., Nov. 14, 2022 /PRNewswire/ -- Livent Corporation (NYSE: LTHM) today opened the first of several major expansions of the company's operations around the world, significantly boosting its lithium hydroxide production capacity in Bessemer City, North Carolina, a birthplace of lithium-ion battery technology and an increasingly important supply hub for the growing electric vehicle (EV)... Read more
Third quarter 2022 revenues increased 105.0% over the prior year period to €22.3 million, largely driven by a doubling of charging and services revenues. Total energy sold was 37.0 gigawatt hour (GWh), an increase of 81.0% over the prior-year period. Total number of charging sessions were 2.2 million, 36.6% higher compared to 1.6 million in the prior-year period. Third quarter 2022 average utilization rate1... Read more
AUSTIN, Nov. 14, 2022 (GLOBE NEWSWIRE) -- Ideal Power Inc. (“Ideal Power” or the “Company”) (Nasdaq: IPWR), pioneering the development and commercialization of the highly efficient and broadly patented B-TRAN™ bidirectional semiconductor power switch, today announced it entered into a product development agreement with a top 10 global automaker. Under this agreement, Ideal Power will partner with this... Read more
Net Revenues up 504% year over year in the third quarter DALIAN, China, Nov. 14, 2022 /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 third quarter of 2022 ended September 30, 2022. Third Quarter of 2022 Financial... Read more
TEL AVIV, Israel, Nov. 14, 2022 /PRNewswire/ -- Arbe Robotics Ltd. (Nasdaq: ARBE) ("Arbe"), a global leader in next-generation 4D Imaging Radar Solutions, today announced financial results for its third quarter ended September 30, 2022. Recent Highlights: Arbe is on track to full production, with a first mass quantity commercial preliminary order from HiRain Technologies, the leading Chinese ADAS Tier 1... Read more
The 10-year, 25 gigawatt hour agreement will help mitigate volatility across the Company’s input base Allego N.V. (“Allego” or the “Company”) (NYSE: ALLG), a leading pan-European public electric vehicle fast-charging network, today announced it has signed its first long-term Power Purchase Agreement (“PPA”) with a leading independent power producer. Allego will begin receiving 25 gigawatt hours of renewable... Read more
New collaboration will study how electric vehicles, chargers and batteries can enhance energy reliability and build grid resiliency San Diego Gas & Electric (SDG&E) and General Motors (GM) today announced an agreement to investigate the feasibility of integrating bidirectional Electric Vehicles (EVs) into the electric grid as a local energy resource. Following GM’s announcement of its newest business unit,... Read more
TAIPEI, Taiwan, Nov. 10, 2022 /PRNewswire/ -- Gogoro Inc. (Nasdaq: GGR), a global technology leader in battery swapping ecosystems that enable sustainable mobility solutions for cities, today released its financial results for its third quarter ended September 30, 2022. Third Quarter Summary Revenue of $102.2 million, up 1.5% year-over-year and up 10.7% on a constant currency basis despite the complex... Read more
Third quarter revenue in line with expectations Product launch, new markets expansion, and continued momentum with existing partners provide foundation for growth AEye, Inc. (Nasdaq: LIDR), a global leader in adaptive, high performance lidar solutions, today announced its results for the third quarter, ended September 30, 2022. “As planned, today we are excited to launch our 4Sight™ line of products which we... Read more
Exro remains on schedule for key deliverables and milestones in Q4 2022, including: prototype e-axle delivery to Linamar, pilots to both Vicinity and SEA Electric, ISO certification by year-end First deliveries of Exro's Coil DriverTM for series production remain on schedule to begin in Q3 2023 Exro's Cell DriverTM on schedule to complete UL certification requirements in Q2 2023 with discussions ongoing with... Read more
REDMOND, OR / ACCESSWIRE / November 10, 2022 / Expion360, Inc. (NASDAQ:XPON), an industry leader in lithium ion battery power storage solutions, reported results for the three and nine months ended September 30, 2022. All comparisons are to the same year-ago period unless otherwise noted. Financial Highlights Revenue increased 4% to a third quarter record of $1.4 million as a result of the company's expanded... Read more
SAN DIEGO, Nov. 10, 2022 /PRNewswire/ -- (Nasdaq: TSP) TuSimple today announced the appointment of a permanent Chief Executive Officer and changes to its Board of Directors. The Company announced that Cheng Lu is returning to TuSimple as Chief Executive Officer and President of the Company. Mr. Lu previously served as CEO from September 2020 to March 2022, a period of important milestones for TuSimple including... Read more
“For the first time, a global production vehicle integrates high-performance lidar and software to enable next generation smart and safe cars that set a new bar for the industry” Today Luminar (Nasdaq: LAZR) joined Volvo Cars to unveil the new, all-electric Volvo EX90 which will come standard with Luminar’s technology on each vehicle produced to enable... Read more
New customer win in Asia expands Innoviz's geographic footprint and adds new leading autonomous driving platform partner Innoviz grew its forward-looking order book to $6.9 billion, upgraded production throughput, shipped D-Sample units to customers, and accelerated its momentum in non-automotive markets TEL AVIV, Israel, Nov. 9, 2022 /PRNewswire/ -- Innoviz Technologies Ltd. (NASDAQ: INVZ) (the... Read more
XL Fleet Corp. (NYSE: XL) (“XL Fleet” or the “Company”), is a leading owner and operator of distributed solar energy assets across the United States, offering subscription-based services to more than 51,000 customers and making renewable energy more accessible to everyone, today announced third quarter 2022 financial results. Results for the third quarter of 2022 reflect contribution from the Company’s XL Grid and... Read more
TORONTO, ON / ACCESSWIRE / November 9, 2022 / Electrovaya Inc. ("Electrovaya" or the "Company") (TSX:EFL) (OTCQB:EFLVF) a leading lithium-ion battery technology and manufacturing company, has completed its previously announced private placement with existing institutional investors, new institutional investors and insiders, (the "Offering") of 17,543,402 units ("Units") at a price of $0.8461 per Unit for aggregate... Read more
Hyliion Holdings Corp. (NYSE: HYLN) (“Hyliion”), a leader in electrified powertrain solutions for Class 8 semi-trucks, today reported its third-quarter 2022 financial results. Key Business Highlights Closed acquisition of the KARNO™ generator from GE Additive, a revolutionary hydrogen and fuel-agnostic technology Announcing Founders Program for first 200 Hypertruck ERXTM units and releasing details around... Read more
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