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EV Technology Stock News

Exro Technologies and SEA Electric Announce Completion of Merger

CALGARY, AB, April 5, 2024 /CNW/ - Exro Technologies Inc. (TSX: EXRO) (OTCQB: EXROF) (the "Company" or "Exro") and SEA Electric Inc. ("SEA Electric") are pleased to announce the closing of the previously announced merger (the "Transaction"), pursuant to which Exro acquired all of the issued and outstanding shares of common stock and preferred stock of SEA Electric ("SEA Stock") that it did not... Read more

Xiaomi Unveils Revolutionary SU7 Electric Vehicle Equipped with Hesai Technology High-Performance Lidar

PALO ALTO, Calif., April 2, 2024 /PRNewswire/ -- Xiaomi, a leading technology company, has officially launched its first mass-produced electric vehicle, the Xiaomi SU7, in Beijing. This all-new high-performance sedan represents Xiaomi's entry into the electric vehicle market and showcases its exceptional capabilities in car manufacturing. The Xiaomi SU7 Pro and Max versions utilize Hesai's... Read more

Exro Technologies Announces Fourth Quarter and Full Year 2023 Financial Results

Exro generated revenue of $5,736,140 for the twelve months that ended December 31, 2023. The Company lifted the nondisclosure agreement with Giaffone and announced the completion of Coil DriverTM validation in Q4 2023 and acceptance of purchase order agreements which commenced in Q1 2024. Coil Driver™ start of production was launched in Q3 2023 with low volume production and was followed by... Read more

ECARX Partners with Lianyou Zhilian to Accelerate Development of Intelligent Vehicle Solutions

SHANGHAI, China, March 28, 2024 (GLOBE NEWSWIRE) -- ECARX Holdings Inc. (Nasdaq: ECX) (“ECARX” or the “Company”), a global mobility technology provider, today announced a strategic partnership with Lianyou Zhilian Technology Co., Ltd. (“Lianyou Zhilian”). Lianyou Zhilian is an innovator and leader in automotive technology, specializing in the research and development for intelligent... Read more

Expion360 Reports Fourth Quarter and Full Year 2023 Financial Results

Innovative New Products & Customization Form Factors with Leading RV OEMs Expected to Position Company for Increased Market Share & Revenue Growth in 2024 Fortified Balance Sheet Enables Company to Expand Revenue Profile with Newly Launched Home Energy Storage Systems (ESS) 2024 Anticipated Milestones Include: New Strategic Partnerships, OEM Expansion and Disruptive Product Launches Across... Read more

ECARX Utilizes Microsoft Technology to Drive Innovation in Intelligent Vehicles

SHANGHAI, China, March 27, 2024 (GLOBE NEWSWIRE) -- ECARX Holdings Inc. (Nasdaq: ECX) ("ECARX" or the “Company”), a global mobility technology provider, today announced its use of Microsoft technology to strengthen the unique value proposition that global automakers can offer through their intelligent vehicles and drive innovation in intelligent vehicles. Harnessing the power of Microsoft Azure... Read more

QuantumScape Begins Customer Shipments of Alpha-2 Prototypes, a Key Goal for 2024

SAN JOSE, Calif. / Mar 27, 2024 / Business Wire / QuantumScape Corporation (NYSE: QS), a leader in next-generation solid-state lithium-metal battery technology, today announced it started customer shipments of Alpha-2 prototype battery cells, fulfilling a goal for 2024. Alpha-2 prototypes are a significant milestone on the roadmap to deliver QSE-5, QuantumScape’s first planned commercial product.... Read more

SRIVARU’s Prana 2.0 Intelligent Battery System Goes Longer and Further: SRIVARU Successfully Completes Road/Performance Testing

GRAND CAYMAN, Cayman Islands and COIMBATORE, India, March 27, 2024 (GLOBE NEWSWIRE) -- SRIVARU Holding Limited (Nasdaq: SVMH; SVMHW) (“SRIVARU” or the “Company”), a prominent provider of premium electric motorcycles, today announced it has successfully completed on-road driving range tests of the Company’s new Prana 2.0 intelligent battery system. The Prana 2.0 intelligent battery system... Read more

One Stop Systems to Develop Ruggedized Liquid Cooling for a Commercial Autonomous Truck Customer

ESCONDIDO, Calif., March 26, 2024 (GLOBE NEWSWIRE) -- One Stop Systems, Inc. (Nasdaq: OSS), a leader in rugged high-performance compute (HPC) for artificial intelligence (AI), machine learning (ML) and sensor processing at the edge, has received an order from an existing OSS customer to design and manufacture a new ruggedized Liquid Cooling System for cooling self-driving technology in a commercial... Read more

AEye Introduces Apollo – the First Product in the 4Sight Flex Family

Apollo demonstrates the power of 1550 lidar technology DUBLIN, Calif. / Mar 26, 2024 / Business Wire / AEye, Inc. (NASDAQ: LIDR), a global leader in adaptive, high-performance lidar solutions, today announced Apollo, the first product in AEye’s 4Sight™ Flex next-generation family of lidar sensors. Apollo delivers best-in-class range and resolution in a small, power-efficient, low-cost form... Read more

Ouster Announces Record Revenue for Fourth Quarter and Full Year 2023

Record revenue of $83 million for the full year 2023 Expects $25 to $26 million of revenue for the first quarter of 2024 SAN FRANCISCO / Mar 26, 2024 / Business Wire / Ouster, Inc. (NYSE: OUST) (“Ouster” or the “Company”), a leading provider of high-performance lidar sensors for the automotive, industrial, robotics, and smart infrastructure industries, announced today financial results... Read more

AEye Reports Fourth Quarter 2023 Results

Signed LOI with global Tier 1 automotive supplier Third consecutive quarter of cash burn reduction DUBLIN, Calif. / Mar 26, 2024 / Business Wire / AEye, Inc. (Nasdaq: LIDR), a global leader in adaptive, high performance lidar solutions, today announced its results for the fourth quarter and year ended December 31, 2023. Management Commentary “AEye is pleased to announce that we have signed... Read more

Arbe Robotics Opens an Office in Shanghai, China, Solidifying the Company’s Presence in the Region

The Team in China Will Enhance Arbe’s Collaboration with Key Companies in the Area TEL AVIV, Israel, March 20, 2024 - Arbe Robotics Ltd. (NASDAQ: ARBE), a global leader in Perception Radar solutions, today announces that it opened an office in Shanghai, China, solidifying the company’s presence in the region. The team in China will enhance Arbe’s collaboration with key companies in the... Read more

KULR Technology Lands Initial Battery Testing Order for its SafeCASE Product with Leading US Automaker

SAN DIEGO, March 19, 2024 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a global leader in sustainable energy management, today confirmed its collaboration with a leading U.S. automaker. This partnership focuses on mitigating thermal runaway risks in EV battery modules through KULR's advanced SafeCASE™ technology. This project underscores KULR's... Read more

Leapmotor Equips its Latest EV with Hesai Technology Lidar

PALO ALTO, Calif., March 18, 2024 /PRNewswire/ -- Hesai Technology (Nasdaq: HSAI) and Leapmotor (9863.HK) today announced a strategic partnership to create a best-in-class intelligent driving experience utilizing Hesai's next generation of high-performance automotive lidar products. This agreement builds upon Hesai and Leapmotor's ongoing collaboration which began in 2021. Since then,... Read more

CBAK Energy Technology Reports Fourth Quarter and Full Year 2023 Unaudited Financial Results

DALIAN, China, March 15, 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 fourth quarter and full year ended December 31, 2023. Fourth Quarter of 2023 Financial Highlights Net revenues from sales of... Read more

Technology Advancement: NEO Battery Materials Expands Production Yield and Capacity with Manufacturing Innovation

Major Process Innovation Improves Silicon Anode Yield, Capacity, and Particle Uniformity Achieved Pilot-Scale Capacity Expansion to 4,000 Kilograms Per Year Without Additional Equipment or Process Change Participated in Battery Japan and InterBattery 2024 to Establish Over 100 Relationships with EV and Battery Industry Players Widening Testing Pipeline Partners and Evaluation Scale Towards... Read more

Spruce Power Reports Fourth Quarter and Full-Year 2023 Results

DENVER / Mar 14, 2024 / Business Wire / Spruce Power Holding Corporation (NYSE: SPRU) (“Spruce” or the “Company”), a leading owner and operator of distributed solar energy assets across the United States, today reported financial results for the fourth quarter and year ended December 31, 2023. Business Highlights Added approximately 25,000 customer contracts in 2023, for nearly 50% year-on-year... Read more

Exro Technologies Announces Filing and Mailing of Management Information Circular in Relation to the Proposed Merger with SEA Electric

Exro Technologies Inc. files management information circular for proposed merger with SEA Electric Inc. (the "Transaction"). The Transaction is designed to leverage complementary technologies to strengthen Exro's position in the electric vehicle technology sector, accelerate growth, and create a defined path to profitability, with multi-year commitments from leading commercial vehicle OEMs.... Read more

South Korea’s Joowon Industrial Selects Aeva Technologies 4D LiDAR for Automated Power Line Inspection Program

Aeva’s High-Resolution FMCW LiDAR Technology Selected for Ability to Detect Overhead Power Lines MOUNTAIN VIEW, Calif. & SEONGNAM CITY, South Korea / Mar 12, 2024 / Business Wire / Aeva® (NYSE: AEVA), a leader in next-generation sensing and perception systems, and Joowon Industrial, a South Korean global distributor and supplier of world-class testing equipment, today announced that Joowon... Read more

Aurora Mobile Announces Fourth Quarter and Fiscal Year 2023 Unaudited Financial Results

SHENZHEN, China, March 12, 2024 (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 fourth quarter and fiscal year ended December 31, 2023. Mr. Weidong Luo, Chairman and Chief Executive Officer of Aurora Mobile,... Read more

Hesai Group Reports Fourth Quarter and Full Year 2023 Unaudited Financial Results

Quarterly net revenues were RMB561.2 million (US$79.0 million),1 an increase of 37.1% year-over-year Quarterly lidar shipments were 87,7362 units, an increase of 84.6% year-over-year Full Year 2023 net revenues were RMB1,877.0 million (US$264.4 million), an increase of 56.1% year-over-year Full Year 2023 lidar shipments were 222,116 units, an increase of 176.1% year-over-year SHANGHAI, China,... Read more

Arbe Robotics Announces Q4 and Full Year 2023 Financial Results

TEL AVIV, Israel, March 7, 2024 /PRNewswire/ -- Arbe Robotics Ltd. (NASDAQ: ARBE) ("Arbe"), a global leader in Perception Radar Solutions, today announced financial results for its fourth quarter and full year ended on December 31, 2023. Key Q4 and 2023 Company Highlights: Arbe completed its chipset pre-production phase and is in the final stages towards production ramp up in 2024. Following... Read more

CPS Technologies Announces Fourth Quarter 2023 Financial Results

NORTON, Mass., March 06, 2024 (GLOBE NEWSWIRE) -- CPS Technologies Corporation (NASDAQ:CPSH) (“CPS” or the “Company”) today announced financial results for the fiscal fourth quarter ended December 30, 2023. Fourth Quarter Highlights Revenue of $6.7 million for the fourth quarter of 2023 versus $6.1 million in the prior-year period, primarily due to growth in shipments Gross margin of... Read more

Mullen Automotive Solid-State Polymer Battery Pack Hits the Road for Class 1 Vehicle Testing on Feb. 26, 2024

Testing of solid-state battery pack has advanced from lab to on-road vehicle testing Previously projected 73% increase in range from 110 miles to 190 miles Actual tests resulted in 86% increase in vehicle range from 110 miles to 205 miles BREA, Calif., Feb. 29, 2024 (GLOBE NEWSWIRE) -- via IBN -- Mullen Automotive Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an emerging electric... Read more

Ituran Presents Fourth Quarter & Full Year 2023 Results

Dividend Policy increased by 60% to $8 million per quarter; Company introduces full year 2024 EBITDA guidance of $90-95m and a target to surpass $100m in EBITDA in 2025 AZOUR, Israel, Feb. 29, 2024 /PRNewswire/ -- Ituran Location and Control Ltd. (NASDAQ: ITRN), today announced its consolidated financial results for the fourth quarter and full year of 2023. Highlights of Full Year 2023 Number... Read more