Hyliion Holdings Corp. (NYSE: HYLN) (“Hyliion”), a leader in electrified powertrain solutions for Class 8 semi-trucks, today announced that it has become a member of the World Economic Forum and will join the Road Freight Zero coalition, an initiative that engages industry leaders around the world to accelerate the global transition to a zero-emission transportation future. The World Economic Forum’s Annual... Read more
Net revenues up 752% year over year in the first quarter 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 31, 2022. First Quarter 2022 Financial Highlights Net revenues were $80.2 million, an increase of... Read more
Rod Copes, recently retired Chief Operating Officer at Rivian has joined Exro's Board of Directors. A graduate of the Massachusetts Institute of Technology and former senior executive with Harley-Davidson, Royal Enfield, and Rivian, Copes brings deep technical knowledge and vast mobility industry experience to Exro's Board of Directors. Copes replaces Julie Wurmlinger, who resigned due to personal... Read more
Aurora Innovation, Inc. (NASDAQ: AUR) and FedEx Corp. (NYSE: FDX) announced the expansion of their pilot program to autonomously move FedEx shipments on an additional commercial lane in Texas. In March 2022, Aurora's next-generation autonomous trucks – based on the new Peterbilt 579 – began to transport FedEx shipments between Aurora’s new terminals in Fort Worth and El Paso. Aurora is making the 600-mile... Read more
Veteran technology executive has served as a strategic advisor to the Company since May 2021 Currently CEO and a founding partner of NorthStar Gaming Previously served as CEO and Chairman at Panasonic North America Former Board member of Mobilicity, Hussmann Corporation and Panasonic Avionics Corporation Hillcrest Energy Technologies (CSE: HEAT) (OTCQB: HLRTF) (FRA: 7HIA.F), a clean technology company... Read more
Allego Holding B.V. the leading pan-European electric vehicle charging network today announced a partnership with G&V Energy Group, a young and dynamic Belgian company, active on the market of fuel stations with a strong focus on sustainability. G&V Energy Group is the biggest independent player on the Belgian market. Today, G&V manages over 200 fuel stations under different brand names and operates 27... Read more
MOV.AI announced today its partnership with Ouster, a leading provider of high-resolution digital lidar sensors, to provide autonomous mobile robots (AMRs) with uninterrupted autonomy in today's challenging intralogistics and industrial environments. MOV.AI has integrated Ouster digital lidar into its Robotics Engine PlatformTM for industrial equipment manufacturers that are looking to automate. The global... Read more
Due to the surge in electric vehicle ownership worldwide, a growing number of industries are spawning that will ultimately form the backbone that enables EV ownership across a global scale. From charging networks that stretch across continents to inverter technologies that unlock increased performance and driving ranges, electric vehicle technology solutions that will shape the future are being developed... Read more
Business plan on track towards firm orders and start of production Market’s first fully drive-by-wire electric van, developed with EAVX, a subsidiary of JB Poindexter & Co, to begin validation and road testing by pipeline customers in the U.S. Positive feedback on the P7 platform from pipeline customers, including two global OEMs and three large fleets Integration center robotic assembly line on track,... Read more
EAVX, a subsidiary of JB Poindexter & Co (JBPCO), and REE Automotive (NASDAQ: REE), an automotive technology leader and provider of electric vehicle platforms, today announced the companies’ new fully electric walk-in step van prototype will begin customer evaluation this summer. The class 5 vehicle debuts the EAVX body design powered by REE’s modular P7 platform, making it the first fully drive-by-wire... Read more
Backlog Increases to $24 Million, Largest Since Sale of Transformer Business, Reflecting Demand for e-Bloc and E-BOOST Products Pioneer Power Solutions, Inc. (Nasdaq: PPSI) ("Pioneer," "Pioneer Power" or the "Company"), a leader in the design, manufacture, service and integration of electrical power systems, distributed energy resources, power generation equipment and mobile electric vehicle ("EV") charging... Read more
First Quarter Revenue Increased 49% Year-Over-Year to Record $68.0 million System Solutions Revenue Grew 40% Year-Over-Year Gross Margin Expanded More Than 550 bps Sequentially to 38.7% Backlog and Awarded Orders Up 67% Year-Over-Year to a Record $302.3 million Reaffirms Low End of Revenue Outlook Despite Industry Challenges Shoals Technologies Group, Inc. (“Shoals” or the... Read more
EVgo Inc. (NASDAQ: EVGO), the nation’s largest public fast charging network for electric vehicles (EVs) and first powered by 100% renewable electricity, and Cadillac, the first General Motors (GM) brand with plans to go all-electric, today announced a new commercial agreement to offer drivers of the 2023 Cadillac LYRIQ the option of two years of unlimited* public fast charging on EVgo’s network. Cadillac worked... Read more
Allego Holding N.V. (“Allego” or the “Company”) (NYSE: ALLG), a leading pan-European public electric vehicle fast-charging network, announced today that it published its Annual Report on Form 20-F with full-year 2021 results. The filing can be accessed on the Company’s website at the link here. Despite a year of challenges, including the impact of the novel coronavirus (“COVID-19”), Allego reported... Read more
Core robotic assembly proven and on schedule to be implemented into first highly automated Integration Center in UK Novel cloud-based robotic manufacturing approach creates efficiency, savings, and scale flexibility Upcoming Austin, Texas, Integration Center will replicate scalable robotic assembly operations Initial capacity of 10,000 vehicle sets by year end to double by 2023 REE Automotive Ltd. (NASDAQ:... Read more
Reported Revenues Increased $51.9 Million to $163.0 Million Reported Gross Margin Increased $4.9 Million to $6.5 Million Executing Consistently on Leading Edge 5G and Electric Vehicle Charging Infrastructure Strategy in Key Markets, Benefiting from Diversified Revenue Streams Charge Enterprises, Inc. (Nasdaq:CRGE) ("Charge" or the "Company"), consisting of a portfolio of global businesses with the vision of... Read more
Romeo Power, Inc. (“Romeo Power” or the “Company”) (NYSE: RMO), an energy technology leader delivering advanced electrification solutions for complex commercial vehicle applications, today announced the appointment of Leon Kaunitz as senior vice president of product engineering. Kaunitz will play a critical leadership role in the Company’s efforts to deliver advanced electrification products with full... Read more
AEye, Inc. (Nasdaq: LIDR), a global leader in adaptive, high-performance lidar solutions, today announced its results for the first quarter, ended March 31, 2022. Blair LaCorte, Chief Executive Officer of AEye, said, “We had a strong start to the fiscal year, and made substantial progress toward commercial production. Our software-definable sensors are gaining traction in the marketplace as more and more customers... Read more
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 announced that the Company has received an order from a leading European provider of heating, cooling and renewable energy systems (the "Customer"), for a supply of lithium-ion batteries worth EUR 28.2 million ($29.3 million). Pursuant to... Read more
Volta Inc. (NYSE: VLTA, VLTA WS) (“Volta” or the “Company”), an industry-leading electric vehicle (“EV”) charging network powering vehicles and commerce, today announced financial results for its fiscal first quarter ended March 31, 2022. “We made continued progress against our strategy with total revenue growing 77%, media revenue up 73%, and total installed stalls growing 39% year-over-year,” said... Read more
Expion360, Inc. (NASDAQ:XPON), which is focused on the design, assembly, manufacturing and sales of lithium-ion phosphate batteries and supporting accessories for recreational vehicles and marine applications, reported results for the quarter ended March 31, 2022. All comparisons are to the same year-ago period unless otherwise noted. Q1 2022 Financial Highlights Revenue increased 144% to record $2.2... Read more
New initiative to help unlock financial incentives to EV drivers, while providing utilities with valuable monitoring data Generac Grid Services, a subsidiary of Generac Power Systems (NYSE: GNRC), a leading designer and manufacturer of energy technology solutions and other power products, today unveiled new electric-vehicle charging solutions for utilities and EV owners. The offering, aimed... Read more
Arbe Robotics Ltd. (NASDAQ: ARBE) ("Arbe"), a global leader in next-generation 4D Imaging Radar Solutions, today announced financial results for its first quarter fiscal year 2022, ended March 31, 2022. Key Q1 2022 Highlights: Hyundai showcased the joint pilot they held with Arbe at EcoMotion Week. This video shows the highlights Arbe added five new customer engagements in Q1 including OEMs who are leaders in... Read more
The Company continued to increase its capital assets in the first quarter of 2022 through phase one of its world-class automated inverter facility, including the construction of the Company's cleanroom. Exro Vehicle Systems opened their office in Dexter, Michigan on January 1, 2022 further positioning the services division to execute and provide end-to-end elective vehicle (EV) design and engineering... Read more
Investor Conference Call to be Held Today at 5:00 PM Eastern Time (2:00 PM PT) Nuvve Holding Corp. (Nuvve) (Nasdaq: NVVE), a global cleantech company electrifying the planet at the intersection of energy and transportation through its intelligent energy platform, today provided a first quarter 2022 update. First Quarter Highlights Announced plans to form a joint venture with 2021.AI Aps to... Read more
Cepton, Inc. (“Cepton”) (Nasdaq: CPTN), a Silicon Valley innovator and leader in high-performance MMT® lidar solutions, today announced business updates and financials for the first quarter ended March 31, 2022. “Following our public listing in February this year, Cepton is well equipped to execute on its 2022 milestones and deliver long-term value to our shareholders,” said Jun Pei, Cepton’s Co-Founder... Read more
AEye, Inc. (NASDAQ: LIDR), a global leader in adaptive, high-performance lidar solutions, today showcased its vision for adaptive lidar in software-defined vehicles. At a press conference at AutoSens Detroit, AEye demonstrated the revolutionary design of its 4Sight™ Intelligent Sensing Platform, which enables automotive OEMs to embed the same lidar sensor in multiple integrated locations, optimizing performance for... Read more
Today, Aurora Innovation Inc. (NASDAQ: AUR) and Covenant Logistics Group, Inc. (NASDAQ: CVLG) announced a collaboration to explore ways to optimize Covenant’s long-haul operations with Aurora’s autonomous trucking product. The two companies will explore the integration and deployment of Aurora Horizon within Covenant’s operations. Part of Covenant’s diversified services is long-haul trucking, making the... Read more
evTS signs purchase order with Exro for a first lot of 1,000 Coil Drive System units with initial deliveries beginning in 2023. After months of development under NDA and integration into evTS Firefly vehicles, Exro will supply its 100V Coil Drive System. After demonstrating the successful integration of the production Exro Coil Drive System, the technology will be deployed in evTS 2023 FireFly vehicles to... Read more
Wallbox (NYSE:WBX), a leading provider of electric vehicle (EV) charging and energy management solutions worldwide, today announced its financial results for the first quarter ended March 31, 2022. First Quarter 2022 Highlights: Generated record revenues of approximately €28.3 million, an increase of 192% compared to the first quarter of 2021 Achieved gross margins of 41.4% Sold approximately 51,000 chargers,... Read more
Innoviz Technologies (Nasdaq: INVZ) (the "Company" or "Innoviz"), a technology leader of high-performance, solid-state LiDAR sensors and perception software, today reported its financial results for the first quarter ended March 31, 2022 and updated its forward-looking guidance, as well as provided updates on commercial traction, technology leadership, and corporate development. Management Commentary "We... Read more
EVgo Inc. (Nasdaq: EVGO) (“EVgo” or the “Company”) today announced results for the first quarter of 2022. The Company continues to execute on its growth plans on the back of continued EV market development. Revenue increased to $7.7 million in the first quarter of 2022, compared to $4.1 million in the first quarter of 2021, representing 86% year-over-year growth. Growth in revenue for the quarter was... Read more
Exro Coil Drive System to be Deployed in 2023 Model Year FireFly Vehicles to Increase Range, Efficiency and Available Torque Deal Represents an Expansion of evTS' Partnership with Exro to Repurpose Batteries from evTS vehicles for Reuse in Second-Life Energy Storage Applications ev Transportation Services Inc. ("evTS"), an electric vehicle manufacturer focused on the essential services and urban e-mobility... Read more
Aurora Mobile Limited (NASDAQ: JG) (“Aurora Mobile” or the “Company”), a leading mobile developer service provider in China, today announced that it has deepened cooperation with a market-leading global new energy vehicle manufacturer. According to the new partnership agreement, Aurora Mobile will provide the automaker with intelligent messaging, smart user operations and other service solutions. The... Read more
Dana Incorporated (NYSE: DAN) announced today that it has confirmed its strategic supply relationship with current OEM partner Lion Electric Co. to support its line-up of electric buses as well as medium- and heavy-duty trucks. The strategic relationship covers the supply of the electric drive systems, including electric motors, inverters, and controllers, as well as axles and driveshafts for all Lion Electric... Read more
Multinational world storage leader to integrate Nuvve's GIVe™ platform into charging stations for customers around the world Nuvve Holding Corp. (Nasdaq: NVVE), a global cleantech company electrifying the planet at the intersection of energy and transportation through its intelligent energy platform, and Power Electronics, first manufacturer of solar inverters for utility-scale photovoltaic plants in... Read more
Embark Commenced 24-Hour a Day Testing in Texas Embark Released Promising Snow Testing Results Embark Coverage Map Progressed with Partners Ryder and U.S. Xpress Embark Technology, Inc. (Nasdaq: EMBK) (“Embark”), a leading developer of autonomous technology for the trucking industry, today announced financial results for the quarter ended March 31, 2022 and provided a... Read more
Volta Inc. (NYSE: VLTA), an industry-leading electric vehicle (“EV”) charging network powering vehicles and commerce, today launched its new Store Next Door™ place-based targeting offering. This product brings the power of the Volta Media™ Network to more verticals by enabling location targeting based on the stores adjacent to Volta’s EV charging stations and media screens. The Store Next Door offering... Read more
EVgo Inc. (NASDAQ: EVGO), the nation’s largest public fast charging network for electric vehicles (EVs) and first powered by 100% renewable electricity, today announced that it was selected as the City of Portland’s partner to deploy electric vehicle charging infrastructure on city-owned property. Through the partnership, EVgo will install eight direct current fast chargers (DCFC) and up to 44 Level 2 chargers... Read more
Revenue Increases by 47%; Purchase Orders Increases to Over $25 Million Electrovaya Inc. ("Electrovaya" or the "Company") (TSX:EFL)(OTCQB:EFLVF), a lithium-ion battery manufacturer with differentiated intellectual property that allows heightened safety and improved longevity, today reported its financial results for the fiscal second quarter ended March 31, 2022 ("Q2 FY2022"). All dollar amounts are in U.S.... Read more