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AeroVironment Acquires Planck Aerosystems, a Leading Provider of Advanced Unmanned Aircraft Navigation Solutions

AeroVironment, Inc. (NASDAQ: AVAV), a global leader in intelligent, multi-domain robotic systems, announced today it has acquired Planck Aerosystems, Inc. (“Planck”), a leading provider of advanced unmanned aircraft navigation solutions. The acquisition will significantly accelerate AeroVironment’s development of advanced autonomy capabilities. Founded in 2014, Planck has worked closely with customers from... Read more


Lyft And Motional Deliver The First Rides In Motional's New All-electric Ioniq 5 Autonomous Vehicle

The first fully-electric AV to be available on the Lyft network Las Vegas is the first city in Motional and Lyft's multimarket commercial deployment Today, Lyft, Inc. (Nasdaq: LYFT) and Motional, a global leader in driverless technology, announced the launch of Motional's new all-electric IONIQ 5-based robotaxi, an autonomous vehicle (AV) designed... Read more


Arbe Robotics Announces Q2 2022 Financial Results

Arbe Robotics Ltd. (Nasdaq: ARBE) ("Arbe"), a global leader in next-generation 4D Imaging Radar Solutions, today announced financial results for its second quarter ended June 30, 2022. Key Q2 2022 Highlights: HiRain Technologies, the leading Chinese ADAS Tier 1 supplier, declared that it is undertaking major OEM and autonomous driving projects with Imaging Radars based on Arbe's chipset, and announced it... Read more


Exro Technologies Signs Multiyear Agreement with SEA Electric to Supply Coil Drive Systems for Next-Generation Commercial Electric Vehicles

Exro will supply development partner SEA Electric with high-voltage Coil Drive Systems, comprised of a high-voltage Coil Driver™ and an electric motor, beginning with a pilot in Q4 2022.       After successful in-field validation with the pilot, the first purchase order will supply 500 units with deliveries starting in Q4 2023, followed by increasing volume of production... Read more


REE Automotive Announces Second Quarter 2022 Financial Results

Successful customer evaluations of Proxima Powered by REE; orders expected to follow Ongoing customer evaluations of REE’s P7-B, with public road testing expected in the coming months Both P7-based electric vehicles are on track and on budget Continued on-time progress on integration centers ahead of anticipated 2023 start of production REE Automotive Ltd. (NASDAQ: REE) (“REE” or the “Company”),... Read more


AEye Announces Partnership With Booz Allen Hamilton to Advance Software-Defined Lidar in Aerospace and Defense Applications

AEye, Inc. (NASDAQ: LIDR), a global leader in adaptive, high-performance lidar solutions, today announced a partnership with Booz Allen Hamilton, one of the Department of Defense’s premier digital system integrators and a leader in data-driven artificial intelligence, to productize and drive adoption of AEye’s technology for aerospace and defense (A&D) applications. With the accelerated activity in these... Read more


AEye Reports Second Quarter 2022 Results

AEye, Inc. (Nasdaq: LIDR), a global leader in adaptive, high-performance lidar solutions, today announced its results for the second quarter ended June 30, 2022. Blair LaCorte, Chief Executive Officer of AEye, said, “We achieved significant progress strengthening our platform to drive long-term growth and are pleased with our performance during the second quarter. Our industry leading technology, talented team,... Read more


CBAK Energy Technology Reports Second Quarter and First Half 2022 Unaudited Financial Results

Net Revenues up 857% year over year in the second quarter Net Revenues up 792% year over year in the first half 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 second quarter and first half of 2022 ended June 30, 2022. Second Quarter... Read more


Gogoro Releases Second Quarter 2022 Financial Results

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 second quarter ended June 30, 2022. Second Quarter Highlights Revenue of $90.7 million, up 5.3% year-over-year despite the impact of COVID and continued adverse market conditions in Taiwan and other growth markets. Our revenue... Read more


Exro Technologies Announces Second Quarter 2022 Financial Results

The Company continued progress on its world-class manufacturing facility during the quarter, including delivery of all equipment required for Surface Mount Technology ("SMT") and Printed Circuit Board ("PCB") assembly lines, included in phase one of the facility operations. Exro is on track to commission the phase one assets in the second half of 2022. Exro Vehicle Systems Inc, a division of Exro Technologies... Read more


Electrovaya Reports Q3 FY2022 Results

Revenue doubles year over year; more than $30m of firm purchase orders received in the quarter 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 fiscal third quarter ended June 30, 2022 ("Q3 FY2022"). All dollar amounts are in U.S. dollars unless otherwise noted. Financial... Read more


Expion360 Reports Record Revenue for the Second Quarter of 2022

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 second quarter ended June 30, 2022. All comparisons are to the same year-ago period unless otherwise noted. Q2 2022 Financial Highlights Revenue increased 122% to a record $2.2... Read more


Embark Technology Announces Second Quarter 2022 Financial Results

Embark Has Perfect Safety Record In NHTSA ADS Crash Data Release  Embark Completes Successful Public Demonstration of Emergency Vehicle Interaction Capability  Embark Revises 2022 Free Cash Flow Spend on Process Improvements and Efficiencies and Extends Operational Runway Embark Technology, Inc. (Nasdaq: EMBK) (“Embark”), a leading developer of autonomous technology for the trucking industry,... Read more


Innoviz Technologies Provides Commercial Updates and Reports Second Quarter 2022 Financial Results

Selection by Volkswagen's CARIAD as its direct LiDAR supplier for automated vehicles cements Innoviz's Tier 1 status Innoviz Technologies Ltd. (Nasdaq: INVZ) (the "Company" or "Innoviz"), a Tier-1 supplier of high-performance, solid-state LiDAR sensors and perception software, today provided updates on commercial traction, technology leadership, and corporate development and reported its financial results for... Read more


Hyliion Reports Second-Quarter 2022 Financial Results

Hyliion Holdings Corp. (NYSE: HYLN) (“Hyliion”), a leader in electrified powertrain solutions for Class 8 semi-trucks, today reported its second-quarter 2022 financial results. Key Business Highlights Increased order backlog to 200 Hypertruck ERX™ production slots, plus nearly 2,000 units in reservations to date Reached new milestone in Hypertruck ERX development with start of on-road testing of design... Read more


Solid Power Announces Second Quarter 2022 Financial Results

Financial results and business update call scheduled for 5:00 PM ET today Solid Power, Inc. (Nasdaq: SLDP), an industry-leading developer of all-solid-state battery cells for electric vehicles, today announced its financial results for the second quarter ended June 30, 2022. Recent Business Highlights:         Cell development remains on track, with initial 20 Ah silicon... Read more


Lightning eMotors Announces Launch of Lightning Insights Real-Time EV Telematics and Charger Management Software

Lightning eMotors (NYSE: ZEV), a leading provider of medium-duty and specialty commercial electric vehicles and charging solutions for fleets, announced today the launch of Lightning Insights™, a significant extension of its state-of-the-art telematics system built for monitoring and managing Lightning fleet assets in real-time. Lightning’s original... Read more


Exro Technologies Announces Submission of Energy Storage System for UL Certification

Exro has initiated the process to obtain UL certification for its Energy Storage System (ESS), powered by its patented Battery Control System™ (BCS) technology.     Exro's ESS is designed to maximize the lifespan of batteries in first-life and second-life, creating an option for reuse of electric cell battery packs, minimizing waste and establishing a pathway to a circular... Read more


XL Fleet Announces Second Quarter 2022 Financial Results

XL Fleet Corp. (NYSE: XL) (“XL Fleet” or the “Company”), a leading provider of fleet electrification solutions and energy efficiency, today announced second quarter 2022 financial results. Second Quarter 2022 and Recent Highlights Generated revenue for second quarter of 2022 of $3.0 million, compared to $3.7 million in the prior year Realized gross profit for the second quarter of 2022 of $0.6 million... Read more


Luminar Technologies Provides Q2 Update; Raises Guidance

Luminar (NASDAQ: LAZR), a leading global automotive technology company, announced its quarterly business update and financial results for the second quarter of 2022, ended June 30, 2022. The company reported $9.9 million of Q2 revenue, ahead of company expectations and up 57% YoY. “The most advanced automakers’ demand for Luminar is further increasing as we continue to successfully execute on their programs and... Read more


Cepton Reports Second Quarter 2022 Results

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 second quarter ended June 30, 2022. “We continue to meet our series production execution milestones,” said Jun Pei, Cepton’s Co-Founder and CEO. “In addition to achieving ASIL-B certification for our lidar engine ASIC, we expanded... Read more


NEO Battery Materials Initiates Detailed Design of Silicon Anode Commercial Plant & Files PCT Patent for Key Silicon Anode Technology

Initiated Detailed Design of the Silicon Anode Commercial Plant and Completed Basic Manufacturing Design in July 2022 Under Process of Selecting Verified Equipment Manufacturers for Long-Lead Item Procurement & Detailed Design Cooperating with Gyeonggi Provincial Government to Receive Construction-Related Permits to Commence Groundwork Filed Key Silicon Anode Material Technology PCT Patent for... Read more


Embark Technology Completes Successful Public Demonstration of Emergency Vehicle Interaction Capability with Texas Law Enforcement Agencies

Company collaborates with Texas Department of Public Safety and Travis County Sheriff’s Office to simulate real-world scenarios on Texas public highways Successful demonstration is an industry-first, marking completion of next milestone on Embark capabilities roadmap and bringing the Embark Driver closer to commercialization Embark Trucks, Inc. (Nasdaq: EMBK, “Embark”), a leading developer of autonomous... Read more


Ouster Reports 40% Year over Year Revenue Growth Driven by Automation in Industrial and Robotics Sectors

Ouster, Inc. (NYSE: OUST) (“Ouster” or the “Company”), a leading provider of high-resolution digital lidar sensors for the automotive, industrial, robotics, and smart infrastructure industries, announced financial results for the three months ended June 30, 2022. Second Quarter 2022 Financial Highlights $10.3 million in revenue, up 40% year over year. 27% gross margins, compared to 26% in the second... Read more


CPS Technologies Announces Second Quarter 2022 Results

CPS Technologies Corporation (NASDAQ:CPSH) today announced revenues of $7.1 million and an operating profit of $669 thousand for the quarter ended July 2, 2022. This compares with revenues of $5.9 million and an operating profit of $253 thousand for the quarter ended June 26, 2021. Michael McCormack, President and CEO, said: “We are pleased to report that revenues in the second quarter of 2022 were the highest... Read more


Aeva Technologies Reports Second Quarter 2022 Results

Aeva® (NYSE: AEVA), a leader in next-generation sensing and perception systems, today announced its second quarter 2022 results. Key Company Highlights Began shipping Aeries II™, the world’s first commercially available FMCW LiDAR-on-chip on the market, to strategic customers Focused on scaling manufacturing to meet growing demand for Aeva 4D perception technology from both existing and new engagements... Read more


Cummins Completes Acquisition of Meritor

Global power and technology leader, Cummins Inc. (NYSE: CMI) today announced that it has completed its acquisition of Meritor, Inc., a leading global supplier of drivetrain, mobility, braking, aftermarket and electric powertrain solutions for commercial vehicle and industrial markets. The integration of Meritor’s people, products and capabilities in axle and brake technology will position Cummins as a leading... Read more


First BorgWarner Fast Charging Stations Installed in Italy

Offers high-speed charging, ease of use and longevity Two charging points in one fast charging station optimizes space and installation costs Robust solution allows for easy maintenance and reliable operation The first units of BorgWarner's new fast-charging station, Iperion-120, have been installed by the Italian service provider Route220 and are ready to support drivers of electric vehicles on their... Read more


BorgWarner Selected to Deliver Battery System for Electric Commercial Vehicle

Solution among highest energy density battery systems available on market Electric vehicle range increased significantly compared to prior development Total cost of ownership minimized for an electrified commercial vehicle (eCV) BorgWarner's AKASOL ultra-high energy battery system has been selected by a European manufacturer to power its first range of heavy-duty electric trucks. Series production of the 4x2... Read more


Dana Reports Second-quarter 2022 Financial Results, Generates Strong Free Cash Flow and Maintains Sales Guidance

Key Highlights Sales of $2.59 billion, an increase of $381 million Net income attributable to Dana of $8 million Diluted EPS of $0.06 Adjusted EBITDA of $162 million Diluted adjusted EPS of $0.08 Free cash flow of $167 million, an increase of $180 million Dana Incorporated (NYSE: DAN) today announced financial results for the second quarter of 2022. "While strong demand, the launching of our new... Read more


Borgwarner Announces Electrification Progress And Reports Second Quarter Results

BorgWarner Inc. (NYSE: BWA) today reported second quarter results. Charging Forward Update: Based on new business awards and actions announced to date, BorgWarner believes it is already on track to achieve approximately $3.7 billion of electric vehicle revenue by 2025. The Company now expects its 2022 electric vehicle revenue to grow to approximately $850 million, which is more than double what it was in... Read more


BorgWarner Acquires Rhombus Energy Solutions

Complements existing BorgWarner European charging footprint to accelerate organic growth and adds North American regional presence to charging business Supports expansion in vehicle-to-grid (V2G) DC Fast Charging and enabling software market Leverages BorgWarner's strength and capabilities across quality, engineering, supply chain, manufacturing, and sales               ... Read more


Littelfuse Reports Second Quarter Results For 2022

Littelfuse, Inc. (NASDAQ: LFUS), an industrial technology manufacturing company empowering a sustainable, connected, and safer world, today reported financial results for the second quarter ended July 2, 2022: Net sales of $618.4 million were up 18% versus the prior year period, and up 10% organically GAAP diluted EPS was $3.48; adjusted diluted EPS was $4.26, up 25% versus the prior year period Cash flow from... Read more


Livent Releases Second Quarter 2022 Results

Record Financial Performance Achieved in Second Quarter Entered into Long-Term Supply Agreement with General Motors Raises 2022 Full Year Revenue and Adjusted EBITDA Guidance Livent Corporation (NYSE: LTHM) today reported results for the second quarter of 2022. Revenue was $218.7 million, up 52% and 114% from the first quarter of 2022 and the prior year, respectively.  Reported GAAP net income was... Read more


Safety View by General Motors Future Roads & INRIX Now Available to Support Safer Roads in U.S. Communities

New INRIX school zone study highlights Safety View's sophisticated cloud-based analytics capabilities designed for Vision Zero plans and Safe Streets and Roads for All program Today, General Motors (NYSE: GM) and INRIX Inc., a world leader in mobility analytics and connected car services, announced that Safety View by GM Future Roads & INRIX is now widely available to transportation... Read more


CARIAD SE Selects Innoviz Technologies as Direct LiDAR Supplier for the Segment of Automated Vehicles Within the Volkswagen Brands

Innoviz will provide InnovizTwo LiDAR sensors and perception software LiDARs are a critical element of advanced driver assist systems (ADAS) and autonomous vehicles (AVs). CARIAD selected Innoviz to be its supplier and deliverer of advanced ADAS features for the segment of automated vehicles within the Volkswagen brands.  CARIAD selected the... Read more


Aurora Innovation and Schneider to Autonomously Haul Freight in Texas

Today, Aurora Innovation, Inc. (NASDAQ: AUR), a leading autonomous vehicle company, and Schneider National, Inc. (NYSE: SNDR), a premier multimodal provider of transportation services, announced a multiphase commercial pilot to haul freight for Schneider’s customers with the Aurora Driver, Aurora’s autonomous technology. This pilot reflects an important... Read more


SICK and Aeva Technologies Partner to Bring 4D LiDAR to Industrial Sensing Applications

Aeva® (NYSE: AEVA), a leader in next-generation sensing and perception systems, and SICK AG today announced a strategic multi-year collaboration to bring Aeva’s FMCW (Frequency Modulated Continuous Wave) 4D LiDAR™ to a variety of industrial sensing applications including long range sensing, starting with Aeries™ II. “We are pleased to partner with Aeva and work closely together to bring its FMCW technology... Read more


MicroVision Announces Second Quarter 2022 Results

MicroVision, Inc. (NASDAQ:MVIS), a leader in MEMS-based solid-state automotive lidar and ADAS solutions, today announced its second quarter 2022 results. "We are pleased to have announced the launch of our new generation MicroVision MAVIN™ lidar hardware during the second quarter of 2022. In June, we completed another round of track testing showcasing how our product can surpass OEM expectations in new, more... Read more

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