Hillcrest Energy Technologies (CSE: HEAT) (OTCQB: HLRTF) (FSE: 7HI), a pioneering force in power electronics, is thrilled to announce the anticipated launch of its FPGA-based control system for Zero Voltage Switching (ZVS) inverters by the end of this year. The ability to offer this control system in addition to the microcontroller option currently available for Hillcrest's ZVS inverters satisfies a need expressed... Read more
FF Showcases Two Modified FF 91 2.0 Futurist Alliances at the 2024 Specialty Equipment Market Association (SEMA) Show LAS VEGAS / Nov 07, 2024 / Business Wire / Faraday Future Intelligent Electric Inc. (Nasdaq: FFIE) (“FF”, “Faraday Future”, or the “Company”), a California-based global shared intelligent electric mobility ecosystem company, today announced that it has entered a non-binding Memorandum of... Read more
TORONTO, Nov. 07, 2024 (GLOBE NEWSWIRE) -- NEO Battery Materials Ltd.(TSXV: NBM) (OTC: NBMFF), a low-cost silicon anode materials developer that enables longer-running, rapid-charging lithium-ion batteries, is highly pleased to announce the signing of a Memorandum of Understanding (“MOU”) with Linde Korea Co., Ltd. (“Linde”), an affiliate of the leading industrial gases and engineering company, on November 6, 2024,... Read more
SHANGHAI, Nov. 07, 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 September 30, 2024. Ziyu Shen, ECARX Chairman and CEO, commented, “The solid growth momentum we picked up in the first half of the year continued into the third quarter with the market continuing to yield... Read more
Record revenue of $28 million, GAAP gross margin of 38%, and non-GAAP gross margin of 45% SAN FRANCISCO / Nov 07, 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 today financial results for the third quarter ended... Read more
REDMOND, WA / ACCESSWIRE / November 7, 2024 / MicroVision, Inc. (NASDAQ:MVIS), a leader in MEMS-based solid-state automotive lidar and ADAS solutions, today announced its third quarter 2024 results. Key Business Highlights for Q3 2024 Actively engaged with top-tier global automotive OEMs, with seven high-volume RFQs for passenger vehicles and custom development opportunities. Actively engaged with... Read more
Announced plans for geographic expansion into the Dallas Fort Worth metro Completed $32.3 million in capital raise transactions; Cash balance of $50.9 million as of third quarter end Announced agreement to acquire Vebu and its pioneering avocado-processing robot, Autocado SAN FRANCISCO, Nov. 7, 2024 /PRNewswire/ -- Serve Robotics Inc. (the "Company" or "Serve") (Nasdaq: SERV), a leading autonomous sidewalk... Read more
SAN JOSE, Calif. / Nov 07, 2024 / Business Wire / Cepton, Inc. (“Cepton”) (Nasdaq: CPTN), a Silicon Valley innovator and leader in high performance lidar solutions, today announced its business updates and financial results for the third quarter ended September 30, 2024. “As we enter the fourth and final quarter of 2024, we are making significant strides in the commercialization of our lidar technology,” said Jun... Read more
LOUISVILLE, Colo., Nov. 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 third quarter of 2024. Recent Business Highlights Selected by the U.S. Department of Energy for up to $50 million award negotiation for continuous production of... Read more
Joseph Fadool, EVP and COO, to Become President and CEO effective close of business on February 6, 2025 Frédéric Lissalde to Retire AUBURN HILLS, Mich., Nov. 7, 2024 /PRNewswire/ -- BorgWarner Inc. (NYSE: BWA) ("the Company") today announced that its Board of Directors approved a leadership succession plan whereby Joseph Fadool, BorgWarner's Executive Vice President and Chief Operating Officer, has been... Read more
JERUSALEM / Nov 06, 2024 / Business Wire / Lyft, Inc. (Nasdaq: LYFT), one of the largest transportation networks in North America, and Mobileye (Nasdaq: MBLY), a leading provider of self-driving technology and advanced driver assistance systems (ADAS), announced today plans for an alliance that aims to facilitate the widespread commercialization of autonomous... Read more
NEW YORK, Nov. 6, 2024 /PRNewswire/ -- Nexar, a leader in AI-powered mobility solutions, and Lyft (NASDAQ: LYFT), one of North America's largest transportation networks, today announced plans to partner, leveraging Nexar's vast cutting-edge video telematics to create data-driven solutions that accelerate the deployment of AV technologies. "Nexar's collaboration with Lyft is a pivotal moment in our journey to... Read more
Active Riders and Rides reached new all-time highs Gross Bookings grew 16% year-over-year SAN FRANCISCO / Nov 06, 2024 / Business Wire / Lyft, Inc. (Nasdaq:LYFT) today announced financial results for the third quarter ended September 30, 2024. “Our team delivered one of the strongest quarters in Lyft history, following the many new innovations we’ve brought to drivers and riders so far this year,” said CEO... Read more
The Indoor Lab Awarded Aeva a Multi-year Production Program Agreement with Planned Deployments at Major U.S. Airports, Mass Transit and Other Large Venues Strong Traction in Passenger Vehicle Programs, Including Selection by a Major European OEM for its Automated Vehicle Validation Program, and Advancing on Track with a Global Top 10 OEM’s Vehicle Program RFQ Our Partners Torc Robotics and Daimler Truck using... Read more
The result of the combined effort of the two companies will be LiveWire’s first electric maxi-scooter planned to launch in 1H 2026 MILWAUKEE / Nov 05, 2024 / Business Wire / LiveWire, a leader in electric motorcycles, and KYMCO, a globally recognized powersports company, are excited to announce the expansion of their strategic partnership, creating an electric maxi-scooter primarily intended for the European... Read more
MILAN, Nov. 05, 2024 (GLOBE NEWSWIRE) -- Niu Technologies (“NIU”, or “the Company”) (NASDAQ: NIU), the world’s leading provider of smart urban mobility solutions, is set to revolutionize the dirt bike segment with the announcement of a powerful over-the-air (OTA) software update for the XQi3 electric dirt bike at this year's EICMA event in Milan. This update will significantly enhance the bike’s performance, making... Read more
$15 million upfront with up to an additional $34 million of aggregate gross proceeds upon the exercise in full for cash of long-term and milestone-linked warrants TEL AVIV, ISRAEL, Nov. 04, 2024 (GLOBE NEWSWIRE) -- Arbe Robotics Ltd. (NASDAQ, TASE: ARBE) (“Arbe” or the “Company”), a global leader in Perception Radar Solutions, today announced the closing of its previously announced public offering of an... Read more
BorgWarner's HVCH selected by a Chinese OEM for a battery electric SUV, start of production set for Q2 2025 Korean electric vehicle manufacturer chose BorgWarner's heater for their new electric pick-up model, with production starting in Q1 2025 BorgWarner wins its first HVCH business award with a Japanese OEM, marking a key milestone in the company's expansion into Japan's growing electric vehicle... Read more
Gross Bookings grew 16% year-over-year and 20% year-over-year on a constant currency basis Income from operations of $1.1 billion; Adjusted EBITDA of $1.7 billion, up 55% year-over-year Operating cash flow of $2.2 billion; Free cash flow of $2.1 billion SAN FRANCISCO / Oct 31, 2024 / Business Wire / Uber Technologies, Inc. (NYSE: UBER) today announced financial results for the quarter ended September 30,... Read more
AUBURN HILLS, Mich., Oct. 31, 2024 /PRNewswire/ -- BorgWarner Inc. (NYSE: BWA) today reported third quarter results. Third Quarter and 2024 Guidance Update BorgWarner achieved an adjusted operating margin of 10.1% during the third quarter, which equated to a U.S. GAAP operating margin of 7.8%. The Company also generated net cash provided by operating activities of $356 million or $201 million in free cash... Read more
Revenue decreased 8% year over year to $486 million in the third quarter. Revenue increased 11% versus the second quarter of 2024. Full year 2024 revenue guidance, at the midpoint, is unchanged compared to prior guidance. Diluted EPS (GAAP) was $(3.35) and Adjusted Diluted EPS (Non-GAAP) was $0.10 in the third quarter of 2024. GAAP EPS was impacted by a non-cash impairment loss related to the Goodwill asset on our... Read more
DashPass membership now includes discounted Lyft rides and free Priority Pickup upgrades Lyft riders to receive free 3-month DashPass trial SAN FRANCISCO / Oct 30, 2024 / Business Wire / DoorDash (Nasdaq: DASH) and Lyft (Nasdaq: LYFT) today announced a partnership to offer benefits on both rides and local delivery. DashPass members will unlock monthly rideshare benefits at no additional cost, and eligible Lyft... Read more
NORTON, Mass., Oct. 30, 2024 (GLOBE NEWSWIRE) -- CPS Technologies Corp. (NASDAQ:CPSH) (“CPS” or the “Company”) today announced that it has received an award, valued at approximately $12 million, from a major, longstanding customer to provide power module components and related solutions. This agreement, though cancelable by either party, enables both parties to continue discussions about future volume and price... Read more
Sales of $2.48 billion Net income of $4 million Adjusted EBITDA of $232 million Adjusted EBITDA margin of 9.4 percent, a 30-basis-point improvement compared with 2023 Full-year free cash flow guidance maintained at $100 million MAUMEE, Ohio, Oct. 30, 2024 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) today announced financial results for the third quarter of 2024. "Dana achieved 30 basis points of... Read more
PITTSBURGH / Oct 30, 2024 / Business Wire / Aurora Innovation, Inc. (NASDAQ: AUR) today announced its third quarter 2024 results. Aurora’s shareholder letter and financial results are available on its investor relations website at ir.aurora.tech. “We are on the brink of a new era in mobility and logistics, and the excitement from the industry, our partners, and customers is palpable,” said Chris Urmson, co-founder... Read more
Innovative Amenity Brings Sustainable Transportation to Residents Ft. Lee, NJ, Oct. 29, 2024 (GLOBE NEWSWIRE) -- Envoy Technologies Inc. (“Envoy”), a Blink Charging Co. company, and leading provider of electric vehicle car-sharing services and community-based electric vehicles (EVs), has teamed with UNLMTD Real Estate Group, LLC (“UNLMTD”) to introduce electric car sharing at FIAT House, a brand-new... Read more
Letter of Intent Entered with Undisclosed Canadian Municipality for Purposes of Commercial Facility Land Lease Intending to Secure Approximately 8 Acres of Municipal Land with Tax Incentives and Favourable Lease Terms Plans to Construct and Operate Silicon Anode Manufacturing Plant Capable of Producing 5,000 Tons Per Year To Capitalize on Aggressive Policies and Financial Support Provided by Canadian... Read more
Operational execution drives third quarter earnings above expectations CHICAGO / Oct 29, 2024 / Business Wire / Littelfuse, Inc. (NASDAQ: LFUS), a diversified, industrial technology manufacturing company empowering a sustainable, connected, and safer world, today reported financial results for the third quarter ended September 28, 2024: Net sales of $567 million were down 7% versus the prior year period and... Read more
NEW YORK, Oct. 28, 2024 (GLOBE NEWSWIRE) -- WeRide Inc. (“WeRide” or the “Company”) (Nasdaq: WRD), a global leader and a first mover in the autonomous driving industry, today announced that its previously announced initial public offering (the “Offering”) of 7,742,400 American depositary shares (“ADSs”) at a price to the public of US$15.50 per ADS closed on October 28, 2024. Each ADS represents three Class A... Read more
SHANGHAI, Oct. 27, 2024 (GLOBE NEWSWIRE) -- ECARX Holdings Inc. (Nasdaq: ECX) (“ECARX” or the “Company”), a global mobility technology company, in partnership with AMD, the high performance and adaptive computing leader, today celebrated the official launch of smart #5, smart’s first premium mid-size SUV which integrates ECARX’s Makalu® computing platform powered by AMD Ryzen™ Embedded V2000 Series... Read more
NEW YORK, Oct. 25, 2024 /PRNewswire/ -- WeRide, the leading global commercial-stage company, was officially listed on the Nasdaq Global Select Market under the ticker symbol "WRD." Upon listing, WeRide became the world's first publicly listed universal autonomous driving technology company and the first publicly listed Robotaxi company. The initial public offering price was set at $15.5 per American... Read more
The parties will collaborate to accelerate development of solutions for semi-autonomous and autonomous vehicles using Foresight’s stereoscopic technology and Tata Elxsi’s integration solutions for marketing in the Indian automotive industry Ness Ziona, Israel, Oct. 25, 2024 (GLOBE NEWSWIRE) -- Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) (“Foresight” or the “Company”), an innovator in automotive... Read more
ST. CLOUD, Minn., Oct. 24, 2024 (GLOBE NEWSWIRE) - (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (NFI) a leading independent bus and coach manufacturer and a leader in zero-emission electric mass mobility solutions, subsidiary New Flyer of America Inc. (New Flyer), today announced a new firm order from Regional Transit Service, Inc. (RTS) for 44 Xcelsior® clean-diesel heavy-duty transit buses. The contract... Read more
Company Supplies 38 Low-Emission School Buses Helping Largest School District in Pennsylvania to Shift to Clean Student Transportation MACON, Ga. / Oct 24, 2024 / Business Wire / Blue Bird Corporation (Nasdaq: BLBD), the leader in electric and low-emission school buses, has delivered its first fleet of propane-powered buses to the School District of Philadelphia (SDP), the largest school district in... Read more
MILWAUKEE / Oct 24, 2024 / Business Wire / LiveWire Group, Inc. (“LiveWire” or the “Company”) (NYSE: LVWR) today reported third quarter 2024 results. “While the two-wheel industry has been challenging in 2024, especially for EV products in the U.S., the Company had reasons to celebrate in Q3, including being awarded best 2024 electric bike by Motor Cycle News and enjoying a global moment for S2 Del Mar® in August in... Read more
Innovative design supports more compact, high-current EV chargers with improved safety, design flexibility, and thermal management. CHICAGO / Oct 22, 2024 / Business Wire / Littelfuse, Inc. (NASDAQ: LFUS), an industrial technology manufacturing company empowering a sustainable, connected, and safer world, today announced the RCMP20 Residual Current Monitor Series for Mode 2 and Mode 3 EV charging stations. The... Read more
PALO ALTO, Calif. , Oct. 22, 2024 /PRNewswire/ -- Hesai Technology (NASDAQ: HSAI), the global leader in lidar solutions, announced this week that it will be the exclusive provider of automotive long-range lidar for Leapmotor's next-generation vehicle platform. The platform's first model is expected to enter mass production in 2025. According to the agreement, Hesai Technology will provide lidar products for... Read more
In recent weeks, Cyngn — Executed its first paid DriveMod Forklift Deployment. Started deploying its next-gen 12,000 lb. DriveMod Tugger at customer facilities. Signed a commercial contract with a major automotive service equipment manufacturer. Expanded its dealer network, adding multiple sales channels that offer Motrec vehicles as well as other 3rd party system integrators. Secured its 20th and 21st... Read more
MENLO PARK, Calif., Oct. 21 ,2024 /PRNewswire/ -- Today, Cyngn announced that its autonomous DriveMod Forklift has completed its first paid autonomous deployment at a customer facility, marking an important milestone in the commercialization of the next vehicle in Cyngn's Enterprise Autonomy Suite (EAS) portfolio. Built with an array of safety systems, including 360° high-definition perception and Cyngn's Virtual... Read more
Letter of Intent Signed with Lotus Energy Recycling for Canadian Joint Venture To Collaborate on Recycling End-of-Life Photovoltaic (PV) Cells and Solar Panels in North America Focus on Recovering Valuable Silicon Materials for Battery Applications Initiated Recovered Silicon Material Testing and Evaluation for Anode Active Material Development in Lithium-Ion Batteries TORONTO, Oct. 21, 2024 (GLOBE... Read more
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