EV

InventHelp Inventor Develops New Sound System for EV Racing (ACC-185)

Retrieved on: 
Monday, April 29, 2024
DEPT, Suite, Sale, Multimedia, EV, Radio

PITTSBURGH, April 29, 2024 /PRNewswire/ -- "EV racing is the next generation in motorsports entertainment, but the audience experience is lacking in audio components," said an inventor, from Meridian, Idaho, "so I invented Electric Speedway Entertainment.

Key Points: 
  • PITTSBURGH, April 29, 2024 /PRNewswire/ -- "EV racing is the next generation in motorsports entertainment, but the audience experience is lacking in audio components," said an inventor, from Meridian, Idaho, "so I invented Electric Speedway Entertainment.
  • My patent-pending electronic sound system maximizes the audience experience in person, on TV, and on radio."
  • The invention provides an innovative sound system for electric vehicle racing.
  • 22-ACC-185, InventHelp, 100 Beecham Drive, Suite 110, Pittsburgh, PA 15205-9801, or call (412) 288-1300 ext.

STOREDOT AND POLESTAR SHOWCASE WORLD'S FIRST ELECTRIC VEHICLE 10-MINUTE CHARGE WITH SI-DOMINANT CELLS

Retrieved on: 
Monday, April 29, 2024
Cell, Travel, Silicon, Freedom, Original equipment manufacturer, Engineering, Polestar, EV, XFC, Temperature, Anxiety, Electric battery

The vehicle saw a consistent charge rate of over 310kW for the entire test procedure and a peak of more than 370kW.

Key Points: 
  • The vehicle saw a consistent charge rate of over 310kW for the entire test procedure and a peak of more than 370kW.
  • It also paves the way to extreme fast charging a car using available charging infrastructure, rather than using proprietary chargers.
  • This world first demonstration featuring a 10-minute charge with silicon-dominant battery cells in an electric vehicle showcased unprecedented charging speeds that will eliminate consumer charging anxiety, a major obstacle to widespread EV adoption.
  • StoreDot remains firmly on track with production-readiness of its XFC cells that deliver 100 miles charged in 5 minutes this year.

STOREDOT AND POLESTAR SHOWCASE WORLD'S FIRST ELECTRIC VEHICLE 10-MINUTE CHARGE WITH SI-DOMINANT CELLS

Retrieved on: 
Monday, April 29, 2024
Cell, Travel, Silicon, Freedom, Original equipment manufacturer, Engineering, Polestar, EV, XFC, Temperature, Anxiety, Electric battery

The vehicle saw a consistent charge rate of over 310kW for the entire test procedure and a peak of more than 370kW.

Key Points: 
  • The vehicle saw a consistent charge rate of over 310kW for the entire test procedure and a peak of more than 370kW.
  • It also paves the way to extreme fast charging a car using available charging infrastructure, rather than using proprietary chargers.
  • This world first demonstration featuring a 10-minute charge with silicon-dominant battery cells in an electric vehicle showcased unprecedented charging speeds that will eliminate consumer charging anxiety, a major obstacle to widespread EV adoption.
  • StoreDot remains firmly on track with production-readiness of its XFC cells that deliver 100 miles charged in 5 minutes this year.

SunCar Technology Reports 29% Revenue Growth, Including 79% Increase in Auto e-Insurance Business in FY 2023

Retrieved on: 
Monday, April 29, 2024
Agricultural Bank, China CITIC Bank, City, Minor planet, NIO, Yoy, Insurance, Bank of Communications, API, CMBC, TSLA, EV, BIDU, Bank, NEV, XPEV, GAAP, Growth, BYD, Cryptocurrency

NEW YORK, April 29, 2024 /PRNewswire/ -- SunCar Technology Group Inc. (the "Company" or "SunCar") (NASDAQ: SDA), an innovative leader in cloud-based B2B auto services and auto e-insurance in China, today provided a business update and reported financial results for the year ended December 31, 2023.

Key Points: 
  • Our auto service segment reported revenue of $215 million in fiscal year 2023, an increase of 8% from $199 million in fiscal year 2022.
  • This segment is enabled by SunCar's technology platform, which facilitates auto services, such as car wash, maintenance, driving service, and road assistance.
  • Our auto eInsurance segment generated $118 million in fiscal year 2023, a 75% increase over fiscal year 2022.
  • Our technology service business generated revenues of $31 million for the year ended December 31, 2023, a 98% increase over 2022.

CATL and Beijing Hyundai sign strategic agreement on EV batteries

Retrieved on: 
Sunday, April 28, 2024
Auto China, CATL, EV, Partnership, Hyundai, Growth, CTP, Automotive industry

BEIJING, April 28, 2024 /PRNewswire/ -- On April 25, 2024, CATL (SZ:300750) and Beijing Hyundai signed a strategic partnership agreement at Auto China 2024 to cooperate on Beijing Hyundai's EV projects and to power future Beijing Hyundai electric models with CATL batteries.

Key Points: 
  • BEIJING, April 28, 2024 /PRNewswire/ -- On April 25, 2024, CATL (SZ:300750) and Beijing Hyundai signed a strategic partnership agreement at Auto China 2024 to cooperate on Beijing Hyundai's EV projects and to power future Beijing Hyundai electric models with CATL batteries.
  • As a joint venture with a deep presence in China for 21 years, Beijing Hyundai has sold over 12 million vehicles in China, proving reliable vehicle manufacturing capabilities.
  • Since its cooperation with CATL began in 2017, Beijing Hyundai has launched a series of popular models with cumulative sales exceeding 200,000 units.
  • CATL will leverage its technological advantages to work with Beijing Hyundai to create high-quality automotive products and support Beijing Hyundai's business growth in China.

CATL and Beijing Hyundai sign strategic agreement on EV batteries

Retrieved on: 
Sunday, April 28, 2024
Auto China, CATL, Partnership, EV, Hyundai, CTP, Multimedia, Growth, Automotive industry

BEIJING, April 27, 2024 /PRNewswire/ -- On April 25, 2024, CATL (SZ:300750) and Beijing Hyundai signed a strategic partnership agreement at Auto China 2024 to cooperate on Beijing Hyundai's EV projects and to power future Beijing Hyundai electric models with CATL batteries.

Key Points: 
  • BEIJING, April 27, 2024 /PRNewswire/ -- On April 25, 2024, CATL (SZ:300750) and Beijing Hyundai signed a strategic partnership agreement at Auto China 2024 to cooperate on Beijing Hyundai's EV projects and to power future Beijing Hyundai electric models with CATL batteries.
  • As a joint venture with a deep presence in China for 21 years, Beijing Hyundai has sold over 12 million vehicles in China, proving reliable vehicle manufacturing capabilities.
  • Since its cooperation with CATL began in 2017, Beijing Hyundai has launched a series of popular models with cumulative sales exceeding 200,000 units.
  • CATL will leverage its technological advantages to work with Beijing Hyundai to create high-quality automotive products and support Beijing Hyundai's business growth in China.

Panasonic Energy of North America and Girl Scouts of the Sierra Nevada unveil first-of-its-kind "Clean Energy" patch program

Retrieved on: 
Sunday, April 28, 2024
Sierra Nevada, Tahoe Reno Industrial Center, Senior, Woman, Girl Guides, Partnership, Panasonic, Growth, Female, Knowledge, EV, Scouting in Nevada, Diversity, Toy

RENO, Nev., April 27, 2024 /PRNewswire/ -- Panasonic Energy of North America (PENA) recently joined forces with Girl Scouts of the Sierra Nevada (GSSN) to create the "Manufacturing for Clean Energy" patch program, a first-of-its-kind initiative. The program was held at both the GSSN and PENA campuses on Saturday, April 20 and Saturday, April 27 for Girl Scouts ages 9 - 18. The initiative, the first for the Girl Scouts nationwide, is aimed to peak interest for young women in STEM while also encouraging careers in green energy manufacturing.

Key Points: 
  • RENO, Nev., April 27, 2024 /PRNewswire/ -- Panasonic Energy of North America (PENA) recently joined forces with Girl Scouts of the Sierra Nevada (GSSN) to create the "Manufacturing for Clean Energy" patch program, a first-of-its-kind initiative.
  • The initiative, the first for the Girl Scouts nationwide, is aimed to peak interest for young women in STEM while also encouraging careers in green energy manufacturing.
  • "This patch program is the first-of-its-kind for the Girl Scouts and we're thrilled to partner with Panasonic Energy to bring it to life here in northern Nevada," said Ann Nelson, CEO of Girl Scouts of the Sierra Nevada.
  • For more information on Panasonic Energy of North America, visit Panasonicnv.com or follow us on Facebook and LinkedIn .

INTERNATIONAL BATTERY METALS LTD. ANNOUNCES STRATEGIC PRIVATE PLACEMENT AND CORPORATE UPDATE

Retrieved on: 
Friday, April 26, 2024
USD, Indian stock exchange, DLE, Private, BMO Capital Markets, Multilateral, EV, CAD, Minority, Metal, Private placement, Security (finance)

In connection with the Private Placement, the Company has agreed to extend the expiry of 6,396,999 previously issued warrants from April 21, 2025, to the date which is 24 months from the date of closing the Private Placement.

Key Points: 
  • In connection with the Private Placement, the Company has agreed to extend the expiry of 6,396,999 previously issued warrants from April 21, 2025, to the date which is 24 months from the date of closing the Private Placement.
  • The Company has granted customary registration rights to the investors in the Private Placement.
  • The Company further intends to complete additional private placement financing of up to USD$15.8 Million, which may be completed on similar terms of the Private Placement.
  • EV Metals VI LLC, a private company controlled by Jacob Warnock, a director of the Company, or an affiliated company (collectively, "EV Metals"), will participate in the Private Placement to acquire a minimum of 3,846,913 Units for gross proceeds of at least USD $2.2 million.

EQS-News: Befesa builds momentum quarter-on-quarter and forecasts full-year EBITDA between €195m and €235m for 2024

Retrieved on: 
Friday, May 3, 2024
TC, EAF, Coke, Zinc, Electricity, EV, Steel, LME, Recycling, Growth, Hazardous waste, Clothing

On base metal prices, zinc LME prices averaged $2,450/t in Q1 2024 (-23% yoy) compared to an average of $3,130/t in Q1 2023.

Key Points: 
  • On base metal prices, zinc LME prices averaged $2,450/t in Q1 2024 (-23% yoy) compared to an average of $3,130/t in Q1 2023.
  • Energy prices in Q1 2024 decreased yoy and compared to the previous quarter, having a positive impact on Befesa’s results.
  • Liquidity remained at more than €150m, with cash on hand of €90.3m at Q1 2024 closing (€106.7m at year-end 2023).
  • Javier Molina, Executive Chair of Befesa, commented: “The consistent quarter-on-quarter improvement since Q3 of the previous year bolsters our confidence in achieving robust EBITDA growth in 2024.

Edison issues outlook on AGBA Group Holding (AGBA): A transformational deal

Retrieved on: 
Friday, May 3, 2024
Triller, Marketing, NLP, EV, Growth, Natural language processing, Security (finance)

On 18 April, AGBA, announced a surprise deal to acquire 100% of Triller Corp, a global AI-driven social video platform, in an all-stock transaction.

Key Points: 
  • On 18 April, AGBA, announced a surprise deal to acquire 100% of Triller Corp, a global AI-driven social video platform, in an all-stock transaction.
  • AGBA’s management is using a US$4bn valuation for the combined entity, in which AGBA shareholders will own 20% and Triller shareholders 80%.
  • Triller recorded FY23 revenues of US$45m on 450m user accounts and 2.2m creators but is loss-making.
  • As a standalone entity, AGBA expects to break even by Q424, currently trading at FY23 3.4x EV/revenue.