Fuels

Microvast Schedules First Quarter Earnings Call

Retrieved on: 
Tuesday, April 30, 2024
Technology, General Automotive, Automotive Manufacturing, EV, Electric Vehicles, Utilities, Manufacturing, Alternative Vehicles, Fuels, Automotive, Batteries, Alternative Energy, Energy, Environment, Sustainability, Green Technology, Central Time, Webcast, Event, Microvast

Microvast Holdings, Inc. (NASDAQ: MVST), (“Microvast” or the “Company”), a technology innovator that designs, develops and manufactures lithium-ion battery solutions, will issue a press release reporting its consolidated financial results for the first quarter of 2024 after market close on Thursday, May 9, 2024.

Key Points: 
  • Microvast Holdings, Inc. (NASDAQ: MVST), (“Microvast” or the “Company”), a technology innovator that designs, develops and manufactures lithium-ion battery solutions, will issue a press release reporting its consolidated financial results for the first quarter of 2024 after market close on Thursday, May 9, 2024.
  • Following the earnings press release, Microvast management will host a webcast and earnings conference call at 4:00 p.m. Central Time (5:00 p.m. Eastern Time) to discuss the business results and outlook.
  • The webcast will be accessible from the Events & Presentations tab of Microvast’s investor relations website at https://ir.microvast.com .
  • A replay will be available following the conclusion of the live event.

Electric Vehicle Drivers Can Estimate Their Personalized Fuel Savings with New Argonne Tool

Retrieved on: 
Monday, April 29, 2024
Oil, Gas, Energy, Alternative Vehicles, Fuels, Technology, Other Travel, EV, Electric Vehicles, Batteries, Travel, Other Transport, Transport, Science, Automotive, Other Science, Vehicle Technology, Research, DOE, BEV, ZIP, Argonne National Laboratory, Electricity, Carbon, ESIA, GHG, Atmosphere, PHEV, Bev, Renewable energy

A new tool launched by the U.S. Department of Energy’s (DOE) Argonne National Laboratory enables drivers to estimate, at the ZIP code level, how much they save on fuel costs by driving a plug-in electric vehicle (either a plug-in hybrid (PHEV) or a battery electric vehicle (BEV)).

Key Points: 
  • A new tool launched by the U.S. Department of Energy’s (DOE) Argonne National Laboratory enables drivers to estimate, at the ZIP code level, how much they save on fuel costs by driving a plug-in electric vehicle (either a plug-in hybrid (PHEV) or a battery electric vehicle (BEV)).
  • The tool, Driving Electric: Local Fuel Savings Calculator , is freely available to the public.
  • Drivers can enter their ZIP code or state, as well as any information they have about their vehicle size, model year, tank size, fuel economy and annual mileage.
  • Additionally, the researchers found that, compared to driving an equivalent gas vehicle, driving a PHEV leads to savings of up to $1,500 annually.

Sakuu’s Dry Printed and UN38.3 Certified Li-Metal Batteries Hit 1,000 Cycle Milestone

Retrieved on: 
Monday, April 29, 2024
Hardware, Automotive Manufacturing, Alternative Energy, Green Technology, Energy, Manufacturing, Alternative Vehicles, Fuels, Technology, EV, Electric Vehicles, Batteries, Environment, General Automotive, Other Technology, Automotive, Vehicle Technology, Engineering, Safety, Certification, S&P Global, NMP, Multimedia, Cypress, Electric battery

Sakuu ®, a leading provider of commercial-scale equipment and technologies to the battery manufacturing industry, has manufactured its high-energy, high-power Li-Metal Cypress battery cell using a fully dry manufacturing process.

Key Points: 
  • Sakuu ®, a leading provider of commercial-scale equipment and technologies to the battery manufacturing industry, has manufactured its high-energy, high-power Li-Metal Cypress battery cell using a fully dry manufacturing process.
  • “The biggest challenge in battery manufacturing today is producing next generation batteries cost-effectively at scale to meet demand,” said Robert Bagheri, CEO and Founder of Sakuu.
  • “Manufacturing Cypress in a fully dry process with the Kavian platform is a key step in enabling high-quality solid-state batteries to be produced in high volume in the future.
  • Leveraging dry printing will enable battery technology innovation to accelerate the adoption of EV’s while eliminating range anxiety.”
    Printing batteries on the Kavian platform with dry-process electrode technologies:
    Eliminates all toxic solvents and materials, including NMP and PTFEs

Yamaha Publicly Demonstrates Yamaha Hydrogen-Powered Golf Car for First Time

Retrieved on: 
Monday, April 29, 2024
Alternative Vehicles, Fuels, Sports, Automotive, Engineering, Automotive Manufacturing, Golf, Manufacturing, Other Automotive, Performance & Special Interest, Hydrogen, Investment, Radio, Internet of things, Energy Matters, Transport, Carbon, University, Nuclear energy, USCG, Multimedia, Yamaha Motor Company

(Photo: Business Wire)

Key Points: 
  • (Photo: Business Wire)
    In early 2024, Yamaha introduced the hydrogen-powered golf car and a hydrogen-powered outboard as means to explore hydrogen as a possible method of achieving carbon neutrality within its product lines.
  • Yamaha’s involvement in the Braintrust underscores the company’s overall strategy to leverage multiple technology solutions to achieve carbon neutrality by 2050.
  • “Yamaha is exploring many ways to become carbon neutral, and hydrogen is one of the solutions we feel could be viable for very specific products including golf cars and larger marine outboard motors,” said Ben Speciale, President, Yamaha U.S. Marine Business Unit.
  • Yamaha Marine Group is a division of Yamaha Motor Corporation, U.S.A., based in Cypress, Calif.

Polestar and StoreDot Successfully Charge Polestar 5 Prototype From 10-80% in 10 Minutes

Retrieved on: 
Monday, April 29, 2024
EV, Electric Vehicles, Alternative Vehicles, Fuels, Automotive, Automotive Manufacturing, General Automotive, Vehicle Technology, Manufacturing, Off-Road Trucks & SUVs, EVS, Cell, Travel, NMC, Freedom, SOC, StoreDot, Multimedia, XFC, Anxiety

Polestar and fast-charging battery pioneer StoreDot have successfully demonstrated the implementation of StoreDot’s Extreme Fast Charging (XFC) technology in a car for the first time, charging a Polestar 5 prototype from 10-80% in just 10 minutes.

Key Points: 
  • Polestar and fast-charging battery pioneer StoreDot have successfully demonstrated the implementation of StoreDot’s Extreme Fast Charging (XFC) technology in a car for the first time, charging a Polestar 5 prototype from 10-80% in just 10 minutes.
  • The fully driveable verification prototype saw a consistent charge rate starting at 310 kW and rising to a peak in excess of 370 kW at the end of charging.
  • This XFC test by Polestar and StoreDot battery engineers was designed to demonstrate proof-of-concept for XFC battery technology that could be applied to future Polestar vehicles.
  • This means drivers will be able to spend less time stopped to charge their vehicle, which for a 10-80% charge on many modern EVs could still take around 30 minutes.

Vasu Jakkal Joins Aptiv's Board of Directors

Retrieved on: 
Friday, April 26, 2024
Software, Off-Road Trucks & SUVs, Professional Services, Hardware, Alternative Vehicles, Fuels, General Automotive, Technology, Automotive, Semiconductor, Automotive Manufacturing, Finance, Manufacturing, Corporation, APTV, University, Executive, Technical advisor, Aptiv, AI, Intel, Privacy, Engineering, Brocade Communications Systems, LSI Corporation, Microsoft, Vasu, College, IOT, Security, Broadcom Inc., Identity, Management

Aptiv PLC, (NYSE: APTV) a leading global technology company focused on making mobility safer, greener and more connected, today announced Vasumati P. (Vasu) Jakkal has joined Aptiv’s board of directors in connection with Aptiv's Annual General Meeting of Shareholders, held April 24, 2024.

Key Points: 
  • Aptiv PLC, (NYSE: APTV) a leading global technology company focused on making mobility safer, greener and more connected, today announced Vasumati P. (Vasu) Jakkal has joined Aptiv’s board of directors in connection with Aptiv's Annual General Meeting of Shareholders, held April 24, 2024.
  • "I am very pleased that Vasu has been elected to our board of directors," said Kevin Clark, chairman and chief executive officer.
  • She began her career at Intel Corporation, where she held positions of increasing responsibility spanning engineering to general management.
  • Ms. Jakkal has a bachelor’s degree in electrical engineering from the College of Engineering, Pune (India) and a master’s degree in electrical engineering from the University of Minnesota.

Faraday Future Announces Nasdaq Delisting Determination and Intention to Appeal

Retrieved on: 
Friday, April 26, 2024
Fleet Management, Autonomous Driving, Vehicles, EV, Electric Vehicles, Alternative Vehicles, Fuels, Automotive, Engineering, General Automotive, Manufacturing, Hearing, Annual report, Security (finance), Calendar, Letter, Medical device

Faraday Future Intelligent Electric Inc. (“Faraday Future” or the “Company”) (NASDAQ: FFIE), a California-based global shared intelligent electric mobility ecosystem company, today announced that it received a letter from The Nasdaq Stock Market LLC (“Nasdaq”) dated April 24, 2024, indicating that the Company was not in compliance with Nasdaq Listing Rule 5810(c)(3)(A)(iii), as the Company’s securities had a closing bid price of $0.10 or less for ten consecutive trading days.

Key Points: 
  • Faraday Future Intelligent Electric Inc. (“Faraday Future” or the “Company”) (NASDAQ: FFIE), a California-based global shared intelligent electric mobility ecosystem company, today announced that it received a letter from The Nasdaq Stock Market LLC (“Nasdaq”) dated April 24, 2024, indicating that the Company was not in compliance with Nasdaq Listing Rule 5810(c)(3)(A)(iii), as the Company’s securities had a closing bid price of $0.10 or less for ten consecutive trading days.
  • The letter indicated that, as a result, the Nasdaq staff has determined to delist the Company’s securities from The Nasdaq Capital Market (the “Delisting Determination”).
  • The Company was provided 180 calendar days, or until June 25, 2024, to regain compliance with this rule.
  • Pursuant to Listing Rule 5810(c)(2)(A), this deficiency is now an additional basis for delisting.

Long Beach Container Terminal Receives $34.9 Million Federal Grant to Convert Fleet to Electric and Install Charging System

Retrieved on: 
Friday, April 26, 2024
Automotive, General Automotive, EV, Electric Vehicles, Logistics, Supply Chain Management, Transport, Alternative Vehicles, Fuels, Fleet Management, Climate change, Public, Investment, Ship, LEAP, Partnership, Carbon, LBCT, Reduction, San Pedro Bay, Movement, Blue Diamond Growers, Federal Highway Administration

Long Beach Container Terminal (LBCT) has received a $34.9 million Federal Highway Administration grant to replace more than 150 vehicles at its state-of-the-art cargo handling facility with zero-emission electric trucks and buses as well as to build the supporting charging infrastructure on site.

Key Points: 
  • Long Beach Container Terminal (LBCT) has received a $34.9 million Federal Highway Administration grant to replace more than 150 vehicles at its state-of-the-art cargo handling facility with zero-emission electric trucks and buses as well as to build the supporting charging infrastructure on site.
  • “LBCT is grateful for the support and leadership of Congressman Garcia in securing this grant.
  • These federal dollars will make our port cleaner, safer, and help us meet our climate goals,” said Congressman Garcia.
  • The grant was provided through the Reduction of Truck Emissions at Port Facilities program under President Biden’s Bipartisan Infrastructure Law.

Marti Announces Amendment to up to $2.5M Share Repurchase Program

Retrieved on: 
Thursday, April 25, 2024
Data Management, EV, Electric Vehicles, Automotive, Technology, IOT (Internet of Things), Apps, Applications, Software, Alternative Vehicles, Fuels, Motorcycles, Mobile, Wireless, Fleet Management, Share repurchase, MRT, Repurchase agreement, Security (finance)

Türkiye’s leading mobility super app Marti Technologies, Inc. (“Marti” or the “Company”) (NYSE American: MRT) today announced an amendment to its share repurchase program.

Key Points: 
  • Türkiye’s leading mobility super app Marti Technologies, Inc. (“Marti” or the “Company”) (NYSE American: MRT) today announced an amendment to its share repurchase program.
  • In addition, the Board set a ceiling price of $3.30 per share for the share repurchases, giving the Company the ability to perform share repurchases up to a maximum share price of $3.30.
  • The amended repurchase program is effective immediately and is valid until October 9, 2024 (the “Repurchase Program”).
  • The Board may periodically review the Company’s Repurchase Program and decide to extend its terms or increase the authorized amount.