EVS

North America Light Electric Vehicles Market Report 2022: Featuring Tesla, BMW, Yamaha, Columbia Vehicle Group & More - ResearchAndMarkets.com

Retrieved on: 
Friday, January 13, 2023

Project Drawdown identifies electric vehicles as one of the 100 most effective modern approaches to combating climate change.

Key Points: 
  • Project Drawdown identifies electric vehicles as one of the 100 most effective modern approaches to combating climate change.
  • The majority of electric vehicles are powered by lithium-ion batteries (Li-Ions or LIBs).
  • The US market dominated the North America Light Electric Vehicles Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $22,624.8 million by 2028.
  • Key companies profiled in the report include Tesla, Inc., BMW Group, Columbia Vehicle Group Inc. (Nordic Group of Companies, Ltd.), Godrej Group (Godrej Material Handling), Kion Group, Yamaha Motor Co., Ltd., Textron, Inc., Polaris, Inc., BYD Company Ltd., and Toyota Industries Corporation.

Predicta’s AI Compares Sentiment of Professional EV Reviewers vs. EV Owners

Retrieved on: 
Thursday, January 12, 2023

In a comparison of professional EV reviews to EV owner reviews Predicta’s AI ( www.predicta.com/blog ) peers into the difference between EV coverage and the real-life reality of owning one.

Key Points: 
  • In a comparison of professional EV reviews to EV owner reviews Predicta’s AI ( www.predicta.com/blog ) peers into the difference between EV coverage and the real-life reality of owning one.
  • A previous release covered top-of-mind topics for both professional EV reviewers and EV owners.
  • Predicta’s AI engine analyzed hundreds of professionally published EV reviews from dozens of review sites and compared those to thousands of recent reviews from EV owners.
  • What the groups love equally:
    Styling: Styling was high on the sentiment list for both owners and reviewers.

BYD India Unveils its Luxury Electric Sedan BYD Seal & Launches BYD ATTO 3 Limited Edition at Auto Expo 2023

Retrieved on: 
Thursday, January 12, 2023

BYD, the global leading new energy vehicle (NEV) manufacturer, presented its new luxury model BYD Seal and the limited edition of BYD ATTO 3 in its iconic color Forest Green at the Indian Auto Expo 2023.

Key Points: 
  • BYD, the global leading new energy vehicle (NEV) manufacturer, presented its new luxury model BYD Seal and the limited edition of BYD ATTO 3 in its iconic color Forest Green at the Indian Auto Expo 2023.
  • BYD Seal, whose sales have exceeded 50,000 within 5 months in China, is planned to be launched in India by Q4 2023.
  • As the All-New e6 and BYD ATTO 3 are already available in the local market, BYD Seal will be the third passenger EV released in India within two years.
  • BYD Seal is one of BYD’s latest luxury sedans equipped with its renowned EV platform (e-Platform 3.0) and revolutionary ultra-safe Blade Battery.

EVgo Launches “EVgo ReNew™” to Enhance and Improve Fast Charging Experience Nationwide

Retrieved on: 
Thursday, January 12, 2023

EVgo Inc. (NASDAQ: EVGO), one of the nation’s largest public fast charging networks for electric vehicles (EVs), today announced EVgo ReNew™, an enhanced and comprehensive maintenance program designed to ensure stations across EVgo’s charging network meet its quality and technology standards.

Key Points: 
  • EVgo Inc. (NASDAQ: EVGO), one of the nation’s largest public fast charging networks for electric vehicles (EVs), today announced EVgo ReNew™, an enhanced and comprehensive maintenance program designed to ensure stations across EVgo’s charging network meet its quality and technology standards.
  • EVgo evaluates sites based on historical charger performance, current and forecast user demand, technical capacity at the location, and proximity to other fast charging stations.
  • “More than a decade ago, EVgo was one of the first companies to install public fast chargers.
  • The EVgo ReNew program represents our ongoing dedication to reliability as we proactively modernize legacy infrastructure and work to deliver the consistent, high-quality charging experience customers expect across our network,” said Cathy Zoi, CEO at EVgo.

Lightning eMotors and its CEO Tim Reeser Win 2023 BIG Innovation Awards

Retrieved on: 
Wednesday, January 11, 2023

Lightning eMotors (NYSE: ZEV), a leading provider of zero-emission, medium-duty commercial vehicles and electric vehicle technology for fleets, announced today that both Lightning and its CEO Tim Reeser have been named winners of the 2023 BIG Innovation Awards presented by the Business Intelligence Group.

Key Points: 
  • Lightning eMotors (NYSE: ZEV), a leading provider of zero-emission, medium-duty commercial vehicles and electric vehicle technology for fleets, announced today that both Lightning and its CEO Tim Reeser have been named winners of the 2023 BIG Innovation Awards presented by the Business Intelligence Group.
  • View the full release here: https://www.businesswire.com/news/home/20230111005740/en/
    The Business Intelligence Group has awarded its BIG Innovation 2023 awards to Lightning eMotors and its CEO Tim Reeser (image: Lightning eMotors / Business Intelligence Group)
    Lightning was recognized for driving the commercial electric vehicle (EV) industry forward through its market-leading medium duty commercial EV platforms, new and existing vehicle repower programs, and providing a range of complementary technologies, services and products, including mobile charging solutions, to accelerate fleet EV adoption.
  • Reeser, who built Lightning eMotors from the ground up, was pivotal in turning his small startup into a major player in the commercial EV industry.
  • “We are thrilled to be honoring both Lightning eMotors as a company and its CEO Tim Reeser, as they are leading by example and improving the lives of so many.”
    Organizations from across the globe submitted their recent innovations for consideration in the BIG Innovation Awards.

Uplight Partners with Rolling Energy Resources to Provide Utility Clients Electric Vehicle Charging Insights Directly from Vehicle Telematics

Retrieved on: 
Wednesday, January 11, 2023

Uplight , the technology partner of energy providers transitioning to the clean energy ecosystem, today announced the company has partnered with Rolling Energy Resources (RER) to create a complete electric vehicle (EV) grid edge solution that enables utilities to best engage EV customers and manage grid load—thanks to data coming directly from vehicle telematics.

Key Points: 
  • Uplight , the technology partner of energy providers transitioning to the clean energy ecosystem, today announced the company has partnered with Rolling Energy Resources (RER) to create a complete electric vehicle (EV) grid edge solution that enables utilities to best engage EV customers and manage grid load—thanks to data coming directly from vehicle telematics.
  • The number of EVs being purchased is rapidly increasing as states like California establish roadmaps to reach 100% new zero-emission vehicle sales .
  • By partnering with RER, Uplight is helping to meet that need, providing truly agnostic charging data to utilities—by utilizing data provided directly from vehicle telematics.
  • This makes EV managed charging programs run by Uplight a better customer experience for all EV owners and more beneficial to utilities.

ENOVIX ALERT: Bragar Eagel & Squire, P.C. Announces that a Class Action Lawsuit Has Been Filed Against Enovix Corporation and Encourages Investors to Contact the Firm

Retrieved on: 
Wednesday, January 11, 2023

Investors have until March 7, 2023 to apply to the Court to be appointed as lead plaintiff in the lawsuit.

Key Points: 
  • Investors have until March 7, 2023 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
  • Five months after this announcement, on July 15, 2021, Enovix became a publicly traded company.
  • Enovix merged with a special purpose acquisition company (“SPAC”), a public shell corporation with no business of its own other than to acquire a private company.
  • On July 14, 2021, Enovix was officially acquired by RSVAC, which then changed its name to Enovix Corporation.

EFG Companies Predicts Hard-Fought Revenue in 2023 Amidst Economic Challenges

Retrieved on: 
Tuesday, January 10, 2023

EFG Companies sees the end of record-high front-end profit coupled with external economic challenges impacting the retail automotive, powersports, and automotive lending industries in 2023.

Key Points: 
  • EFG Companies sees the end of record-high front-end profit coupled with external economic challenges impacting the retail automotive, powersports, and automotive lending industries in 2023.
  • View the full release here: https://www.businesswire.com/news/home/20230110005332/en/
    EFG Companies predicts that retail automotive and powersports dealerships and lender institutions will need to rely on customer service best practices to achieve hard-fought revenue goals in 2023.
  • “Full implementation of the revised Safeguards Rule and the potential new rule from the FTC will not be the only challenges requiring dealer time, consideration, money and training,” said Eric Fifield, Chief Revenue Officer with EFG Companies.
  • A swirl of economic uncertainty, expensive compliance requirements, and unit inventory and floorplan fluctuations will be critical issues facing dealer principals in 2023.

U.S. Department of Energy Offers Conditional Commitment for a Loan of Up to US$700 Million for the Rhyolite Ridge Project

Retrieved on: 
Friday, January 13, 2023

RENO, Nev., Jan. 13, 2023 /PRNewswire/ -- ioneer Ltd ("Ioneer" or the "Company") (ASX: INR, Nasdaq: IONR) is pleased to announce finalisation of a term sheet and offer of a Conditional Commitment1 for a proposed loan of up to US$700 million2 from the U.S. Department of Energy (DOE) Loan Programs Office for financing the construction of the Rhyolite Ridge Lithium-Boron Project in Nevada, USA.

Key Points: 
  • Domestic processing of critical minerals, such as lithium, for use in EV batteries qualifies for the ATVM loan program3.
  • After commencing pre-application discussions in February 2021 regarding the DOE's ATVM loan program, Ioneer submitted an application in October 2021.
  • The Loan Programs Office has undertaken extensive and detailed market, technical and legal due diligence on both Ioneer and the Rhyolite Ridge Project.
  • Finalising the term sheet and receiving the Conditional Commitment from the DOE represent a significant step towards completing the funding for the Rhyolite Ridge Project.

Micro EVS: Neither Fast nor Far, Reports IDTechEx

Retrieved on: 
Friday, January 13, 2023

This leads to sales of electric two-wheelers for the individual and the use of three-wheelers as ride sharing or cargo delivery.

Key Points: 
  • This leads to sales of electric two-wheelers for the individual and the use of three-wheelers as ride sharing or cargo delivery.
  • Source: IDTechEx - " Micro EVs 2023-2043: Electric Two-Wheelers, Three-Wheelers, and Microcars "
    Electric two-wheelers will continue to be the most popular micro EV segment.
  • The market for electric two-, three-wheelers, and microcars combined will reach around US$180 billion by 2043, according to IDTechEx forecasts .
  • Overall, the latest IDTechEx report, " Micro EVs 2023-2043: Electric Two-Wheelers, Three-Wheelers, and Microcars ", provides a commercial and technical overview for the various micro EVs by region with over 45 forecast lines spanning unit sales, battery demand, and market values.