Stellantis

EQS-News: SIXT grows by 18% to record revenue in 2023 and achieves second-best result in the company’s history

Retrieved on: 
Wednesday, March 13, 2024

Pullach, 1 March 2024 – SIXT continued its growth trajectory in 2023 and achieved record revenue for the second year in a row.

Key Points: 
  • Pullach, 1 March 2024 – SIXT continued its growth trajectory in 2023 and achieved record revenue for the second year in a row.
  • Alexander Sixt, Co-CEO of Sixt SE: “Thanks to our customers’ trust in us and our employees’ excellent work, we were able to once more achieve a record revenue and have obtained the second-best yearly result in our company’s history.
  • We reached our ambitious goals in 2023, both in terms of our business figures and implementation of our strategy.
  • According to SIXT’s estimates, the lower demand compared to combustion engines resulted in a substantial loss of revenue.

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

Retrieved on: 
Monday, March 11, 2024

SHANGHAI, China, March 11, 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 and full year ended December 31, 2023.

Key Points: 
  • Q4 2023 Total lidar shipments were 87,736 units, representing an increase of 84.6% from 47,515 units in the corresponding period of 2022.
  • “2023 was another record year for Hesai as we continued to substantially outperform our lidar peers and extend our leading market share.
  • We delivered stellar full-year financial and operational results, including robust revenue growth, soaring shipments and solid blended gross margin, all surpassing our prior expectations.
  • We expect the third and fourth quarters orders to jump even further to about 200,000 units per quarter, a 4x increase from our expected first quarter shipments.

Worksport Set to Launch Innovative SOLIS & COR System This Summer, Providing Options for Partnerships with Tesla, GM, and Ford.

Retrieved on: 
Thursday, March 7, 2024

Further, in future partnerships with EV manufacturers, the SOLIS Cover itself can provide additional electric driving range and charging capabilities directly from the sun.

Key Points: 
  • Further, in future partnerships with EV manufacturers, the SOLIS Cover itself can provide additional electric driving range and charging capabilities directly from the sun.
  • Worksport currently has open conversations with multiple OEM vehicle brands and has previously announced the production of prototypes for Hyundai.
  • Fitment of the Worksport SOLIS with the Tesla Cybertruck is yet to be determined, but possible.
  • For more information about Worksport Ltd., the SOLIS Solar Cover, and the COR Battery System, please visit investor.worksport.com/press-releases/ .

Worksport Set to Launch Innovative SOLIS & COR System This Summer, Providing Options for Partnerships with Tesla, GM, and Ford.

Retrieved on: 
Wednesday, March 6, 2024

Further, in future partnerships with EV manufacturers, the SOLIS Cover itself can provide additional electric driving range and charging capabilities directly from the sun.

Key Points: 
  • Further, in future partnerships with EV manufacturers, the SOLIS Cover itself can provide additional electric driving range and charging capabilities directly from the sun.
  • Worksport currently has open conversations with multiple OEM vehicle brands and has previously announced the production of prototypes for Hyundai.
  • Fitment of the Worksport SOLIS with the Tesla Cybertruck is yet to be determined, but possible.
  • For more information about Worksport Ltd., the SOLIS Solar Cover, and the COR Battery System, please visit investor.worksport.com .

Worksport Ltd. Announces New Distribution Partnership with Dix Performance North to Expand Presence Across Canada

Retrieved on: 
Friday, February 23, 2024

West Seneca, New York, Feb. 23, 2024 (GLOBE NEWSWIRE) -- Worksport Ltd. (Nasdaq: WKSP) (“Worksport” or the “Company”) is proud to announce a new distribution partnership with Dix Performance North, Canada’s leading wholesaler of aftermarket car and truck products.

Key Points: 
  • West Seneca, New York, Feb. 23, 2024 (GLOBE NEWSWIRE) -- Worksport Ltd. (Nasdaq: WKSP) (“Worksport” or the “Company”) is proud to announce a new distribution partnership with Dix Performance North, Canada’s leading wholesaler of aftermarket car and truck products.
  • This strategic alliance is expected to make Worksport’s range of covers widely available throughout Canada, promising to accelerate partnership growth and contribute to significant sales and revenue increases.
  • “Partnering with Dix Performance North is a milestone for Worksport that will significantly enhance our distribution capabilities across Canada,” said Raivio.
  • We believe that this partnership will open up new avenues for growth and enable us to reach more customers with our innovative truck covers.”

Plug Finalizes Contract to Support A Major U.S. Automobile Manufacturer’s Material Handling Operations

Retrieved on: 
Wednesday, February 21, 2024

LATHAM, N.Y., Feb. 21, 2024 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, has finalized a contract to supply a major U.S. automobile manufacturer with hydrogen infrastructure and fuel cell solutions that will support material handling operations.

Key Points: 
  • LATHAM, N.Y., Feb. 21, 2024 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, has finalized a contract to supply a major U.S. automobile manufacturer with hydrogen infrastructure and fuel cell solutions that will support material handling operations.
  • The manufacturing campus’s entire material handling fleet, including forklifts and tuggers, will run on Plug fuel cells.
  • In 2024, Plug will undertake the installation and commissioning of the hydrogen infrastructure, setting the stage for the facility's debut.
  • Plug has been a steadfast partner in advancing sustainable material handling operations for leading car manufacturers, including long standing collaborations with industry pioneers like BMW, Daimler, Honda, GM and Stellantis contributing to their commitment to environmental responsibility and operational efficiency.

Cadence to Acquire BETA CAE, Expanding into Structural Analysis

Retrieved on: 
Tuesday, March 5, 2024

The addition of BETA CAE’s proven technologies and talent will accelerate Cadence’s Intelligent System Design™ strategy by expanding its multiphysics system analysis portfolio and enabling entry into the structural analysis segment, unlocking a multi-billion-dollar incremental TAM opportunity.

Key Points: 
  • The addition of BETA CAE’s proven technologies and talent will accelerate Cadence’s Intelligent System Design™ strategy by expanding its multiphysics system analysis portfolio and enabling entry into the structural analysis segment, unlocking a multi-billion-dollar incremental TAM opportunity.
  • Over the past few years, Cadence has expanded its system analysis portfolio to build out a comprehensive multiphysics platform including electromagnetics (EM), electrothermal (ET) and computational fluid dynamics (CFD) solutions, and with BETA CAE, Cadence will enter structural analysis, the largest system analysis segment.
  • Additionally, BETA CAE’s EPILYSIS and FATIQ solvers enable customers to efficiently solve structural analysis and optimization problems.
  • BETA CAE has annual revenue of about $90 million, and Cadence expects BETA CAE to contribute approximately $40 million to 2024 revenue.

SIXT Grows by 18% to Record Revenue in 2023 and Achieves Second-Best Result in the Company’s History

Retrieved on: 
Friday, March 1, 2024

SIXT continued its growth trajectory in 2023 and achieved record revenue for the second year in a row.

Key Points: 
  • SIXT continued its growth trajectory in 2023 and achieved record revenue for the second year in a row.
  • We reached our ambitious goals in 2023, both in terms of our business figures and implementation of our strategy.
  • SIXT assumes that without these two effects relating to e-mobility, the last financial year would have closed with EBT above the record year 2022.
  • In 2023, SIXT continued to consistently drive the implementation of its EXPECT BETTER strategy forward and invested heavily in growth and quality.

Archer Announces Fourth Quarter and Full Year 2023 Results; Now In Final Phase of Midnight’s Certification Program as it Readies for Launch in 2025

Retrieved on: 
Monday, February 26, 2024

Archer Aviation Inc. (“Archer” or the “Company”) (NYSE: ACHR) today announced operating and financial results for the fourth quarter and fiscal year ended December 31, 2023.

Key Points: 
  • Archer Aviation Inc. (“Archer” or the “Company”) (NYSE: ACHR) today announced operating and financial results for the fourth quarter and fiscal year ended December 31, 2023.
  • The Company issued a shareholder letter discussing those results, as well as its first quarter 2024 estimates.
  • The shareholder letter may be accessed on the Company’s investor relations website here .
  • Commenting on fourth quarter and full year 2023 results, Adam Goldstein, Archer’s CEO said:
    “The Archer team is excited to announce that Midnight is now in the final phase of its certification program.

Stellantis Approves Share Buyback Program

Retrieved on: 
Thursday, February 15, 2024

AMSTERDAM, February 15, 2024 – The Stellantis Board of Directors approved a share buyback program of up to €3 billion (total purchase price excluding ancillary costs) to be executed on the market.

Key Points: 
  • AMSTERDAM, February 15, 2024 – The Stellantis Board of Directors approved a share buyback program of up to €3 billion (total purchase price excluding ancillary costs) to be executed on the market.
  • The Company intends to cancel the common shares acquired through the share buyback program apart from a portion of up to €0.5 billion, which may be used to service share-based compensation and employee stock purchase plans.
  • The opportunity to initiate the buyback program stems from the Company’s significant cash flow generation and strong balance sheet.
  • Stellantis will provide updates on the start of buybacks and on the buyback program via a press release posted on the Investors section of the corporate website under “Stock and Shareholder Info”.