Alternative Vehicles

Rivian Hires Javier Varela as Chief Operations Officer

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금요일, 5월 3, 2024
Off-Road Trucks & SUVs, EV, Electric Vehicles, Automotive, Alternative Vehicles, Fuels, Car, Volvo, R. J. Scaringe, SUV, Automotive industry, Engineering, Volvo Cars, EDV, PSA Group, Organization, Fashion design

Rivian Automotive, Inc. (NASDAQ: RIVN) announced today Javier Varela will join as its Chief Operations Officer as the company focuses on optimizing operational efficiencies, including the production of R2, its midsized SUV.

Key Points: 
  • Rivian Automotive, Inc. (NASDAQ: RIVN) announced today Javier Varela will join as its Chief Operations Officer as the company focuses on optimizing operational efficiencies, including the production of R2, its midsized SUV.
  • Varela joins Rivian from Volvo Cars, where he served as Chief Operating Officer and Deputy Chief Executive Officer.
  • Varela will start at Rivian in August and will report directly to Rivian Founder and Chief Executive Officer RJ Scaringe.
  • At Rivian, Varela will be central to the company’s growth and profitability.

SES AI Reports First Quarter 2024 Earnings Results; Affirms 2024 Outlook

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목요일, 5월 2, 2024
Technology, Batteries, Other Automotive, Green Technology, Artificial Intelligence, Environment, Off-Road Trucks & SUVs, Alternative Energy, Energy, EV, Electric Vehicles, Automotive, Semiconductor, Alternative Vehicles, Fuels, Mining, Minerals, Maritime, Natural Resources, Air, Transport, General Automotive, Software, Engineering, Automotive Manufacturing, Aerospace, Manufacturing, Letter, UAM, Multimedia, Kia, Hyundai Motor Company

SES AI Corporation (“SES AI”) (NYSE: SES), a global leader in the development and manufacturing of high-performance Li-Metal batteries, today announced its first quarter 2024 business results for the period ended March 31, 2024.

Key Points: 
  • SES AI Corporation (“SES AI”) (NYSE: SES), a global leader in the development and manufacturing of high-performance Li-Metal batteries, today announced its first quarter 2024 business results for the period ended March 31, 2024.
  • “The game-changing collaboration with Hyundai Motor Company and Kia Corporation is one of the more significant milestones we have reached to date,” stated Dr. Qichao Hu, Founder and CEO.
  • A webcast of the live conference call will be available through SES’s Investor Relations website, https://investors.ses.ai .
  • The conference call can also be accessed live over the phone by dialing the following numbers:

Rivian to Receive $827M in Illinois State Funding to Expand Normal, IL Facility

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목요일, 5월 2, 2024
Alternative Vehicles, Fuels, Automotive Manufacturing, Manufacturing, Automotive, EV, Electric Vehicles, EVS, R. J. Scaringe, SUV, Partnership, Automotive industry, R1T, Commerce, Renewable energy

Rivian will be participating in several city improvement projects to demonstrate its ongoing commitment to investing in the Illinois economy and community.

Key Points: 
  • Rivian will be participating in several city improvement projects to demonstrate its ongoing commitment to investing in the Illinois economy and community.
  • “We are grateful for this investment from the State of Illinois and for the leadership of Governor Pritzker, President Harmon, and Speaker Welch,” said RJ Scaringe, Rivian Founder and Chief Executive Officer.
  • Governor Pritzker has always been a strong advocate for providing economic opportunities for Illinois residents and business owners alike.
  • “I want to thank our partners at Rivian, who have doubled down on their investment in Illinois.

Vontier Reports First Quarter 2024 Results and Maintains Full Year Outlook

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목요일, 5월 2, 2024
Technology, Automotive, Machinery, Alternative Vehicles, Fuels, Alternative Energy, Energy, Green Technology, Transport, Logistics, Supply Chain Management, Manufacturing, Software, Retail, Environment, Hardware, EV, Electric Vehicles, Convenience Store, Fleet Management, Vontier, Total, Biophysical environment, ID, Webcast, Growth, Fine chemical

Core sales increased 10%, driven by strong growth in North America dispenser equipment, aftermarket parts, and environmental solutions.

Key Points: 
  • Core sales increased 10%, driven by strong growth in North America dispenser equipment, aftermarket parts, and environmental solutions.
  • Segment operating profit increased 21% versus the prior year.
  • Segment operating profit margin expanded 370 basis points resulting from favorable product and geographic mix, ongoing cost savings and positive price/cost.
  • Segment operating profit margin increased 10 basis points year-over-year despite higher R&D and other growth investments.

Fisker Adds Six New Locations: Three New Dealer Partner Locations in California, and New Locations in Missouri, Pennsylvania, and Guam

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목요일, 5월 2, 2024
Alternative Vehicles, Fuels, Automotive Manufacturing, Manufacturing, Vehicle Technology, Automotive, EPA, Fisker Ocean, MSRP, SUV, Ultra, Fisker Inc., Multimedia, Inc., WLTP, Government, Rare-earth element

In California, Lumin Fisker in Sacramento and LA Fisker and West Covina Fisker, both in Los Angeles County, have joined Fisker’s growing Dealer Partnership roster.

Key Points: 
  • In California, Lumin Fisker in Sacramento and LA Fisker and West Covina Fisker, both in Los Angeles County, have joined Fisker’s growing Dealer Partnership roster.
  • Fisker has also added two US dealer partner locations: Fisker of Kansas City, Missouri, and NEPA Fisker of Forest City, Pennsylvania, as well as a distributor in Guam, Fisker Guam.
  • The company has now signed agreements for twelve dealer partner locations and distributorships in the US and territories.
  • Quote from Fisker spokesperson: “We are excited to welcome our new dealer partners to the Fisker family and look forward to them opening for business.

Lynx Motors Enters Luxury EV Market with Groundbreaking Electric Vehicles That Redefine Automotive Innovation and Service

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목요일, 5월 2, 2024
EV, Electric Vehicles, Alternative Vehicles, Fuels, Automotive, Automotive Manufacturing, General Automotive, Performance & Special Interest, Vehicle Technology, Manufacturing, Lynx, NACS, NAS, Acceleration, Safety, Engine, BEV, CATL, Kilowatt-hour, VIP, AWD, TESLA, LED, Battery electric vehicle, DMC, Human, DeLorean

Lynx Motors, the trailblazing automotive innovator, is thrilled to announce its official debut and the launch of its first groundbreaking and transformative electric vehicles.

Key Points: 
  • Lynx Motors, the trailblazing automotive innovator, is thrilled to announce its official debut and the launch of its first groundbreaking and transformative electric vehicles.
  • The company is poised to completely redefine automotive excellence showcasing a commitment to innovation, curated and customized VIP membership, highest levels of service and cutting-edge design.
  • Exemplifying an unparalleled and unprecedented Lynx VIP and white glove experience, this exclusive concierge level membership will transcend expectations to redefine luxury.
  • "The monumental launch of Lynx Motors and our first vehicles marks a significant milestone in the automotive industry.

Aptiv Reports First Quarter 2024 Financial Results

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목요일, 5월 2, 2024
Alternative Vehicles, Fuels, Technology, Automotive, Finance, General Automotive, Automotive Manufacturing, Professional Services, Manufacturing, Hardware, Off-Road Trucks & SUVs, Pillar, APTV, Depreciation, ADAS, Hyundai, Hyundai Motor Group, Electronics, PLC, Adjustment, GAAP, Growth, OECD

Aptiv PLC (NYSE: APTV), a global technology company focused on making mobility safer, greener and more connected, today reported first quarter 2024 U.S. GAAP earnings of $0.79 per diluted share.

Key Points: 
  • Aptiv PLC (NYSE: APTV), a global technology company focused on making mobility safer, greener and more connected, today reported first quarter 2024 U.S. GAAP earnings of $0.79 per diluted share.
  • First quarter Adjusted Operating Income, a non-GAAP financial measure defined below, was $544 million, compared to $437 million in the prior year period.
  • During the first quarter of 2024, the Company repurchased 7.3 million shares for $600 million, leaving approximately $1.0 billion available for future share repurchases.
  • The Company’s full year 2024 financial guidance is as follows:

Power2Drive Europe: Contributing to the Energy Transition With Bidirectional Charging

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목요일, 5월 2, 2024
EV, Electric Vehicles, Automotive, Technology, Batteries, Utilities, Green Technology, Alternative Vehicles, Fuels, Alternative Energy, Environment, Energy, Hardware, V2G, Electricity, Conference, Multimedia, Messe, Electric vehicle

And it’s not just vehicle owners who benefit from this: In the medium-term, bidirectional charging can take the burden off distribution grids while making them more flexible.

Key Points: 
  • And it’s not just vehicle owners who benefit from this: In the medium-term, bidirectional charging can take the burden off distribution grids while making them more flexible.
  • Power2Drive Europe, the international exhibition for charging infrastructure and e-mobility, showcases the latest state of the art.
  • View the full release here: https://www.businesswire.com/news/home/20240502196803/en/
    Power2Drive Europe 2024 highlights cutting-edge trends and technologies in bidirectional charging.
  • Markus Elsässer explains that “Bidirectional charging will be a decisive element of the energy transition.

Wind River Teams with Elektrobit to Advance Software-Defined Vehicle Solutions

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수요일, 5월 1, 2024
Software, EV, Electric Vehicles, Electronic Design Automation, Data Management, Alternative Vehicles, Fuels, Technology, Autonomous Driving, Vehicles, Automotive, Artificial Intelligence, Automotive Manufacturing, Other Automotive, Manufacturing, Open Container Initiative, Safety, Auto China, Product engineering, ISO, Écu, OCI, VxWorks, EB

Wind River® , a global leader in delivering software for mission-critical intelligent systems, today announced that it has collaborated with Elektrobit to demonstrate foundational software for autonomous, electric, software-defined vehicles.

Key Points: 
  • Wind River® , a global leader in delivering software for mission-critical intelligent systems, today announced that it has collaborated with Elektrobit to demonstrate foundational software for autonomous, electric, software-defined vehicles.
  • “We are delighted to further grow our continued efforts with Elektrobit to advance autonomous driving technologies.
  • Elektrobit’s proven software solutions, combined with the industry leading VxWorks, can help drive innovation in the automotive market while delivering on functional safety, security, and reliability,” said Woody Zou, General Manager, China, Wind River.
  • We look forward to delivering more successful projects together in the future,” said Demetrio Aiello, Head of Product Engineering, Elektrobit.

Wolfspeed Reports Financial Results for the Third Quarter of Fiscal Year 2024

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수요일, 5월 1, 2024
EV, Electric Vehicles, Other Energy, Alternative Energy, Alternative Vehicles, Fuels, Energy, Technology, Automotive, Semiconductor, Other Manufacturing, Other Automotive, Other Technology, Manufacturing, Sale, Internet, EVS, Silicon, Weakness, WOLF, GAAP, Growth, Renting

Wolfspeed, Inc. (NYSE: WOLF) today announced its results for the third quarter of fiscal 2024.

Key Points: 
  • Wolfspeed, Inc. (NYSE: WOLF) today announced its results for the third quarter of fiscal 2024.
  • For its fourth quarter of fiscal 2024, Wolfspeed targets revenue from continuing operations in a range of $185 million to $215 million.
  • Wolfspeed incurred $14.4 million of factory start-up costs and $30.4 million of underutilization costs in the third quarter of fiscal 2024.
  • Wolfspeed will host a conference call at 5:00 p.m. Eastern time today to review the highlights of its third quarter results and its fiscal fourth quarter 2024 business outlook, including significant factors and assumptions underlying the targets noted above.