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EV Technology Stock News

Ambarella’s Next-Gen AI SoCs for Fleet Dash Cams and Vehicle Gateways Enable Vision Language Models and Transformer Networks Without Fan Cooling

SANTA CLARA, Calif., May 21, 2024 (GLOBE NEWSWIRE) -- Ambarella, Inc. (NASDAQ: AMBA), an edge AI semiconductor company, today announced during AutoSens USA, the latest generation of its AI systems-on-chip (SoCs) for in-vehicle fleet telematics systems. Ideal for AI dash cams integrating front-facing ADAS and driver monitoring systems (DMS), the new CV75AX provides up to 2x the AI performance over... Read more

ECARX-Powered Lynk & Co. 07 EM-P Sedan Began Deliveries in China

SHANGHAI, China, May 21, 2024 (GLOBE NEWSWIRE) -- ECARX Holdings Inc. (Nasdaq: ECX) (“ECARX” or the “Company”), a global mobility technology company, today congratulated Lynk & Co on the first deliveries of the Lynk & Co 07 EM-P sedan, which is integrated with ECARX’s full-stack solution for digital cockpit and ADAS including Antora® 1000 Pro, Skyland Pro, and Flyme Auto. The EM-P... Read more

XPENG launches industry's first AI-powered in-car OS, promoting AI-enabled smart driving experience

XPENG upgrades XOS 5.1.0, AI Tianji, the industry's first AI-powered in-car OS, for all eligible users on May 20 XOS 5.1.0 integrates end-to-end large model technology, enhancing the smart driving experience for XPENG car owners Intelligent and personalized in-car AI assistant services through AI assistant Xiao P, AI Chauffeur, and AI Bodyguard XPENG AI Valet Driver offers customizable, end-to-end... Read more

Hesai Group Reports First Quarter 2024 Unaudited Financial Results

Quarterly net revenues were RMB359.1 million (US$49.7 million)1 Quarterly lidar shipments were 59,101 units SHANGHAI, China, May 20, 2024 (GLOBE NEWSWIRE) -- Hesai Group (“Hesai” or the “Company”), (NASDAQ: HSAI), the global leader in three-dimensional light detection and ranging (lidar) solutions, today announced its unaudited financial results for the three months ended March 31,... Read more

ECARX Announces First Quarter 2024 Unaudited Financial Results

SHANGHAI, China, May 20, 2024 (GLOBE NEWSWIRE) -- ECARX Holdings Inc. (Nasdaq: ECX) (“ECARX” or the “Company”), a global mobility tech provider, today announced unaudited financial results for the quarter ended March 31, 2024. “The strong growth momentum that we picked up last year continued into the first quarter with revenues increasing 21% year-over-year,” commented ECARX Chairman... Read more

Expion360 Announces New Online Retail Partnership with Tractor Supply Company

REDMOND, Ore., May 16, 2024 (GLOBE NEWSWIRE) -- Expion360 Inc. (Nasdaq: XPON) (“Expion360” or the “Company”), an industry leader in lithium-ion battery power storage solutions, announced a new e-commerce retail partnership with Tractor Supply Company (“Tractor Supply”), the largest rural lifestyle retailer in the United States, to offer Expion360 products online for shipment to customers... Read more

Karooooo Reports Strong Customer Acquisition With Annual EPS up 24% and Q4 EPS up by 45%

SINGAPORE / May 15, 2024 / Business Wire / Karooooo, that owns 100% of Cartrack, a leading provider of data analytics and business operational intelligence, reported strong results for the fourth quarter and full year ended February 29, 2024 (“Q4 2024” and “FY 2024”). Zak Calisto, CEO and Founder: “We believe Karooooo is well positioned to continue to grow at scale across diverse industries.... Read more

Exro Technologies Launches Post-Acquisition Transformation and Releases Q1 Financial Results

CALGARY, AB, May 15, 2024 /CNW/ - Exro Technologies Inc. (TSX: EXRO) (OTCQB: EXROF) (the "Company" or "Exro"), a leading clean-technology company that provides proprietary motor-control and complete electric propulsion system technology for e-mobility, is excited to provide its first update highlighting the Company's transformative shifts following the acquisition of SEA Electric on April... Read more

LeddarTech Reports F2Q24 Results

QUEBEC CITY, Canada, May 15, 2024 (GLOBE NEWSWIRE) -- LeddarTech Holdings Inc. (“LeddarTech”) (Nasdaq: LDTC), an automotive software company that provides patented disruptive AI-based low-level sensor fusion and perception software technology, LeddarVision™, for ADAS, AD and parking applications, is pleased today to announce financial results for its fiscal second quarter 2024, which ended... Read more

Accelera by Cummins and Isuzu will Collaborate on Battery Packs for Light Duty Vehicles

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... Read more

AEye, Accelight Technologies, and LighTekton Co. Announce Partnership to Bring Lidar Solutions to China

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... Read more

Electrovaya Reports Second Quarter FY2024 Financial Results

$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),... Read more

Expion360 Reports First Quarter 2024 Financial Results

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,... Read more

AEye Reports First Quarter 2024 Results

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... Read more

CBAK Energy Technology Reports First Quarter 2024 Unaudited Financial Results

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... Read more

AEye Announces Partnership with Leading Automotive Electronics and Vision Solutions Provider, LITEON

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... Read more

Gogoro Releases First Quarter 2024 Financial Results

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... Read more

Ouster Announces Record Revenue and Margin for First Quarter 2024

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... Read more

MicroVision Announces First Quarter 2024 Results

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 mark... Read more

Cummins: Accelera Battery System to Power BMC Otomotiv Electric Transit Buses in Europe

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.... Read more

Solid Power First Quarter 2024 Results Reflect Continued Progress Towards 2024 Goals

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

ECARX Releases Multiple Intelligent Driving Features for Skyland Pro

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... Read more

Cummins: TCPL Green Energy Solutions Inaugurates a State-of-the-Art Manufacturing Facility To Produce Hydrogen-Based Internal Combustion Engines; Reaffirms Its Commitment To Power a Cleaner India

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... Read more

BorgWarner Reports First Quarter 2024 Results and Increases Full-Year EPS Guidance, Announces Additional Share Repurchase Authorization

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... Read more

CPS Technologies Announces First Quarter 2024 Financial Results

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... Read more

Toyota Motor and Argonne National Laboratory Investigate Recycling of Lithium-Ion Batteries

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... Read more

KULR Technology Group and Amprius Technologies Form Strategic Partnership for Advanced Battery Packs

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... Read more