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Polar Power Reports First Quarter 2023 Financial Results

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Monday, May 15, 2023

GARDENA, CA, May 15, 2023 (GLOBE NEWSWIRE) -- Polar Power, Inc. (“Polar Power” or the “Company”) (NASDAQ: POLA), a global provider of prime, backup and solar hybrid DC power solutions, today reported its financial results for the quarter ended March 31, 2023.

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GARDENA, CA, May 15, 2023 (GLOBE NEWSWIRE) -- Polar Power, Inc. (“Polar Power” or the “Company”) (NASDAQ: POLA), a global provider of prime, backup and solar hybrid DC power solutions, today reported its financial results for the quarter ended March 31, 2023.
Key Q1 2023 Results and Highlights:
Financial Results for the Three Months Ended March 31, 2023
Net sales for Q1 2023 increased to $4.1 million, representing a 13% increase, compared to $3.7 million during the same period last year.
We had $16.8 million in inventory at March 31, 2023, as compared to $15.4 million at December 31, 2022.
As a hedge against the world supply chain problems Polar Power has maintained large inventory levels on critical items.

Polar Power Launches New Line of Mobile Electric Vehicle Chargers

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Wednesday, May 10, 2023

Polar, EV, Electronics, Anxiety, DC, Gasoline, Teen Power Inc., Temperature, AC, Propane, EVS, CHAdeMO, POLA, VDC, Natural gas, CCS, City, Transport, Software, Electric battery, Fireworks

Mobile EV chargers are used for emergency roadside service providing a fast-charging solution for EVs that have run out of charge before reaching a stationary charging facility.

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Mobile EV chargers are used for emergency roadside service providing a fast-charging solution for EVs that have run out of charge before reaching a stationary charging facility.
Polar is currently upgrading its mobile CHAdeMO EV chargers to the universal CCS standard to meet the larger market opportunity.
Since 2011 Polar has sold its CHAdeMO chargers to most of the major U.S. automakers for fast charging their EVs during field testing.
The performance advantage Polar provided to mobile EV charging was a significant reduction in the charging system's size, weight, fuel consumption (for both the charger and vehicle transporting the charger), and system cost.

Loop Neighborhood Market to Install New FreeWire EV Boost Chargers at Fremont Location

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Friday, April 14, 2023

Lithium, Partnership, EV, Compatibility, Cell, Carbon, EVS, Loop, CHAdeMO, Chemistry, CCS, Boost, Software, Electric battery

FREMONT, Calif., April 14, 2023 /PRNewswire/ -- Loop Neighborhood Market, the fastest growing all-in-one convenience store and marketplace, announced today an expanded partnership with FreeWire Technologies to introduce their Boost Chargers™ to its existing stores, beginning with Loop's Fremont location.

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FREMONT, Calif., April 14, 2023 /PRNewswire/ -- Loop Neighborhood Market, the fastest growing all-in-one convenience store and marketplace, announced today an expanded partnership with FreeWire Technologies to introduce their Boost Chargers™ to its existing stores, beginning with Loop's Fremont location.
Compatible with all Level 3 EVs and Teslas (with an adapter), Boost Chargers make deploying ultrafast EV charging simple and cost-effective.
Space Efficient: Boost Charger's design takes up 5X less ground space than traditional fast chargers with associated infrastructure.
"At Loop Neighborhood Market, we believe the transition into zero-emission and lowering our carbon footprint is of utmost importance in today's world," said CEO of Loop Neighborhood Market Varish Goyal.

7-Eleven, Inc. Launches New Electric Vehicle Charging Network, 7Charge

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Thursday, March 16, 2023

Google Play, CHAdeMO, 7-Eleven, App Store (iOS/iPadOS), CCS, EV, Online shopping

IRVING, Texas, March 16, 2023 /PRNewswire/ -- Today 7-Eleven, Inc. announced 7Charge, its new, proprietary EV charging network and app that delivers a convenient and reliable fast-charging experience at select 7-Eleven® stores in the U.S., and coming soon to Canada. 7-Eleven intends to build one of the largest and most compatible electric vehicle (EV) fast-charging networks of any retailer in North America with the launch of 7Charge, which is already delivering fast-charging services to customers in several locations in Florida, Texas, Colorado, and California.

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The 7Charge network will offer EV drivers 7-Eleven's trademark convenience and accessibility.
7Charge sites allow customers to charge any EV make and model compatible with common CHAdeMO or Combined Charging System (CCS) plug types*, and the 7Charge app offers a new level of convenience and coordination to customers looking for a seamless charging and payment experience.
The 7Charge app can be downloaded from the App Store or Google Play , or by visiting 7-eleven.com/7charge.
The 7Charge network will deliver on the growing consumer need for EV charging infrastructure.

Allego commissions 4 electric vehicle fast-charging hubs on the VINCI Autoroutes network

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Tuesday, February 21, 2023

Committed to supporting the development of low-carbon mobility, VINCI Autoroutes continues to deploy electric vehicle (EV) fast-charging hubs on its network.

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Committed to supporting the development of low-carbon mobility, VINCI Autoroutes continues to deploy electric vehicle (EV) fast-charging hubs on its network.
Today, to accommodate those who will take to the road in France, VINCI Autoroutes welcomes 4 new fast-charging hubs, designed, deployed and managed by charge-point operator Allego (NYSE:ALLG).
VINCI Autoroutes continues to deploy electric-charging hubs on its network with the objective of equipping 100% of the service areas of its network by the end of 2023.
By welcoming Allego as a supplier on our network, we are also expanding the network of partners who accept the Ulys Electric pass, the simple and universal solution launched last June to simplify payment of electric charging on and outside the VINCI Autoroutes network,” commented Raphaël Ventre, directeur Marketing et Services de VINCI Autoroutes.

Global Electric Vehicle Market Size & Share Projected to Hit at USD 980 Billion and Rise at a CAGR of 24.5% By 2028: Industry Trends, Demand, Value, Analysis & Forecast Report | Facts and Factors

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Tuesday, February 7, 2023

Thus, strict emission standards placed on fossil-fuel-driven commercial vehicles are propelling the global electric vehicle market forward.

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Thus, strict emission standards placed on fossil-fuel-driven commercial vehicles are propelling the global electric vehicle market forward.
Similarly, producers require a significant amount of financial assets, which may stifle the global electric vehicle market growth.
The global electric vehicle market is segregated on the basis of module, charging station, propulsion, vehicle type, drivetrain, vehicle class, and region.
By propulsion, the market is classified into battery electric vehicles, fuel cell electric vehicles, plug-in electric vehicles, and hybrid electric vehicles.

Global Electric Vehicle Market Size & Share Projected to Hit at USD 980 Billion and Rise at a CAGR of 24.5% By 2028: Industry Trends, Demand, Value, Analysis & Forecast Report | Facts and Factors

Retrieved on:

Tuesday, February 7, 2023

Thus, strict emission standards placed on fossil-fuel-driven commercial vehicles are propelling the global electric vehicle market forward.

Key Points:

Thus, strict emission standards placed on fossil-fuel-driven commercial vehicles are propelling the global electric vehicle market forward.
Similarly, producers require a significant amount of financial assets, which may stifle the global electric vehicle market growth.
The global electric vehicle market is segregated on the basis of module, charging station, propulsion, vehicle type, drivetrain, vehicle class, and region.
By propulsion, the market is classified into battery electric vehicles, fuel cell electric vehicles, plug-in electric vehicles, and hybrid electric vehicles.

Enphase Energy Demonstrates Bidirectional Electric Vehicle Charger Technology

Retrieved on:

Thursday, February 2, 2023

CCS, Enphase Energy, ENPH, CHAdeMO, EV, Lithium, Electric battery

FREMONT, Calif., Feb. 02, 2023 (GLOBE NEWSWIRE) -- Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company and the world's leading supplier of microinverter-based solar and battery systems, announced today a successful demonstration of its bidirectional EV charger enabling vehicle-to-home (V2H) and vehicle-to-grid (V2G) functionality.

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FREMONT, Calif., Feb. 02, 2023 (GLOBE NEWSWIRE) -- Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company and the world's leading supplier of microinverter-based solar and battery systems, announced today a successful demonstration of its bidirectional EV charger enabling vehicle-to-home (V2H) and vehicle-to-grid (V2G) functionality.
This product will leverage the power of grid-forming IQ8™ Microinverters and Ensemble™ energy management technology to seamlessly integrate into Enphase® home energy systems.
“The new bidirectional EV charger, along with Enphase’s solar and battery storage system, can be controlled from the Enphase App, empowering homeowners to make, use, save, and sell their own power,” said Raghu Belur, co-founder and chief products officer at Enphase Energy.
“The Enphase bidirectional EV charger is the next step on our roadmap to building a solar-powered, all-in-one home energy system that further unlocks electrification, resilience, savings, and control for homeowners,” said Mohammad Alkuran, Ph.D., senior director of systems engineering at Enphase Energy.

Autel launches new MaxiCharger DC Compact worldwide

Retrieved on:

Tuesday, January 17, 2023

Autel is today announcing the launch of an innovative electric vehicle DC charger, the MaxiCharger DC Compact, providing up to 40kW of DC power for the U.S. version and 47kW of power for the European version.

Key Points:

Autel is today announcing the launch of an innovative electric vehicle DC charger, the MaxiCharger DC Compact, providing up to 40kW of DC power for the U.S. version and 47kW of power for the European version.
View the full release here: https://www.businesswire.com/news/home/20230117005624/en/
The MaxiCharger DC Compact comes with options like a credit card reader and a pedestal.
(Photo: Business Wire)
The MaxiCharger DC Compact is sleek and compact with a 21.5-inch LCD touchscreen for user-friendly interaction and advertising capability.
If you are interested in purchasing a MaxiCharger DC Compact, contact your local Autel sales representative or contact us below.

Global Electric Vehicle Charging Market Report 2022 to 2030 - Rise in Adoption of Vehicle-To-Grid (V2G) EV Charging Stations Presents Opportunities - ResearchAndMarkets.com

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Wednesday, January 4, 2023

The "Electric Vehicle Charging Market by Charging Type, Charging Voltage Level, Charging Point Type, Charger Type, Application, Charging Infrastructure Type, Installation Type - Global Opportunity Analysis and Industry Forecast 2022-2030" report has been added to ResearchAndMarkets.com's offering.

Key Points:

The "Electric Vehicle Charging Market by Charging Type, Charging Voltage Level, Charging Point Type, Charger Type, Application, Charging Infrastructure Type, Installation Type - Global Opportunity Analysis and Industry Forecast 2022-2030" report has been added to ResearchAndMarkets.com's offering.
Electric Vehicle (EV) Charging Market size was valued at USD 14.49 billion in 2021 and is predicted to reach USD 128.13 billion by 2030 with a CAGR of 28.2% during the forecast period, 2022 to 2030.
These factors increase demand for EV infrastructure for transportation, which is thus expected to fuel the EV charging market share.
The global EV charging market is segmented on the basis of charging type, charging voltage level, charging point type, charger type, application, charging infrastructure type, installation type, IoT connectivity, and region.