Automotive

Allego to Postpone Fourth Quarter and Full Year 2023 Financial Results Conference Call

Retrieved on: 
Monday, April 1, 2024
Fleet Management, Alternative Energy, EV, Electric Vehicles, Energy, Automotive, Other Automotive, General Automotive, Performance & Special Interest, Cryptocurrency

Allego N.V. (“Allego” or the “Company”) (NYSE: ALLG), a leading pan-European public electric vehicle fast and ultra-fast charging network, today announced it will postpone its fourth quarter and full year 2023 financial results conference call and confirms that it will provide that information in connection with the filing of its Form 20-F on or prior to the April 30, 2024 deadline.

Key Points: 
  • Allego N.V. (“Allego” or the “Company”) (NYSE: ALLG), a leading pan-European public electric vehicle fast and ultra-fast charging network, today announced it will postpone its fourth quarter and full year 2023 financial results conference call and confirms that it will provide that information in connection with the filing of its Form 20-F on or prior to the April 30, 2024 deadline.
  • Allego had previously announced it would report its financial results before the market opens on April 2, 2024, with a conference call taking place at 8:30 a.m. Eastern Time.

ATrack Announces Newest GEO/LEO AI Telematics Box and In-Vehicle Solutions at Embedded World 2024

Retrieved on: 
Monday, April 1, 2024
Technology, Mobile, Wireless, Audio, Video, Fleet Management, Automotive, Vehicle Technology, Autonomous Driving, Vehicles, Artificial Intelligence, Transport, Other Technology, Software, Networks, Logistics, Supply Chain Management, Satellite, LEO, Diagnosis, Hall, AM9, Communication, LTE, Embedded, ADATA, GIS, ADAS, Gyro, GPS, Écu, DMS, Mini, Safety, Multimedia, GNSS, Satellite navigation device

ATrack Technology Inc., a pioneering force in the telematics industry, is set to unveil groundbreaking advancements in AI vision telematics solutions at Embedded World 2024.

Key Points: 
  • ATrack Technology Inc., a pioneering force in the telematics industry, is set to unveil groundbreaking advancements in AI vision telematics solutions at Embedded World 2024.
  • Showcasing the revolutionary AK750 AI telematics box, which supports both GEO and LEO connectivity with LTE redundancy, ATrack solidifies its position at the forefront of telematics technology.
  • View the full release here: https://www.businesswire.com/news/home/20240401639372/en/
    The AK750 GEO/LEO AI Telematics Box emerges as a revolutionary solution, specifically designed to tackle the connectivity challenges prevalent in remote environments.
  • ATrack's presence at Embedded World 2024 reaffirms its commitment to pushing the boundaries of telematics technology.

EVgo to Host Financial Modeling Webinar on April 4, 2024

Retrieved on: 
Monday, April 1, 2024
Retail, Construction & Property, Alternative Vehicles, Fuels, Technology, Finance, EV, Electric Vehicles, Professional Services, Other Transport, Environment, Environmental Health, Other Retail, Transport, Automotive, Networks, Vehicle Technology, Other Construction & Property, Telephone, Webcast, Event

EVgo Inc. (Nasdaq: EVGO), (“EVgo” or the “Company”), one of the nation’s largest public fast charging networks for electric vehicles (“EVs”), today announced that its Chief Executive Officer, Badar Khan, and Chief Financial Officer, Olga Shevorenkova, will host a financial modeling webinar on Thursday, April 4, 2024.

Key Points: 
  • EVgo Inc. (Nasdaq: EVGO), (“EVgo” or the “Company”), one of the nation’s largest public fast charging networks for electric vehicles (“EVs”), today announced that its Chief Executive Officer, Badar Khan, and Chief Financial Officer, Olga Shevorenkova, will host a financial modeling webinar on Thursday, April 4, 2024.
  • The call can also be accessed live over the telephone by dialing:
    An archive of the webcast will be available for a period of time shortly after the webinar on the Events & Presentations page in the Investor Relations section of EVgo’s website.

Cenntro Inc. Announces Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Monday, April 1, 2024
Off-Road Trucks & SUVs, Technology, General Automotive, Automotive Manufacturing, Manufacturing, Alternative Vehicles, Fuels, Automotive, Batteries, Trucking, Autonomous Driving, Vehicles, Transport, Software, Hardware, Security, Research, FOH, EV, Certification, Hybrid, Growth, Inc., ROU, Sale, HVIP, Overalls, Net, City, Investment, Computer security, European, Exercise, Depreciation, California Air Resources Board, Marketing, EVC, Government, Metro, UN

In the fourth quarter we sold 473 vehicles compared to 298 vehicles in Q3 2023 and 51 in Q4 2022.

Key Points: 
  • In the fourth quarter we sold 473 vehicles compared to 298 vehicles in Q3 2023 and 51 in Q4 2022.
  • Total operating expenses were approximately $14.2 million in the fourth quarter of 2023, compared with $20.4 million in the fourth quarter of 2022.
  • Net loss was approximately $13.0 million in the fourth quarter of 2023, compared with net loss of $73.3 million in the fourth quarter of 2022.
  • Adjusted EBITDA was approximately $(13.7) million in the fourth quarter of 2023, compared with Adjusted EBITDA of $(18.3) million in the fourth quarter of 2022.

ESI Group and FAW-Volkswagen TE Forge Strategic Partnership to Advance Automotive Intelligent Simulation Technology

Retrieved on: 
Tuesday, April 2, 2024
Technology, General Automotive, Engineering, Automotive Manufacturing, Manufacturing, Other Transport, Automotive, Trucking, Vehicle Technology, Transport, Software, Electronic Design Automation, Data Management, Consumer Electronics, FAW-Volkswagen, Research, Volkswagen Group, FAW-VW, Partnership, ESI, ESI Group, CAE, Memorandum of understanding, Safety, Automotive industry

ESI Group (Paris:ESI) and FAW-Volkswagen (FAW-VW) TE have commemorated their strategic partnership with the signing of a Memorandum of Understanding (MoU) aimed at advancing intelligent simulation technology within the automotive industry.

Key Points: 
  • ESI Group (Paris:ESI) and FAW-Volkswagen (FAW-VW) TE have commemorated their strategic partnership with the signing of a Memorandum of Understanding (MoU) aimed at advancing intelligent simulation technology within the automotive industry.
  • The collaboration between ESI Group and FAW-VW TE aims to address the challenges posed by China's automotive safety regulations and drive industry innovation.
  • Through this partnership, the two entities will aim to drive innovation and efficiency in intelligent simulation, and work towards establishing a localized automotive industry material database, thereby enhancing cooperation in advancing intelligent simulation technology across the industry.
  • FAW-VW TE awarded ESI Group the prestigious "CAE Trusted Advisor" award, recognizing ESI's outstanding support in advancing virtual simulation technology in the automotive industry.

Lifezone Metals Announces Publication of Inaugural Annual Report

Retrieved on: 
Monday, April 1, 2024
Automotive, Other Manufacturing, Other Science, Steel, Chemicals, Plastics, Sustainability, Automotive Manufacturing, Recycling, Manufacturing, Environment, Other Energy, Finance, Other Automotive, Alternative Energy, Machine Tools, Metalworking & Metallurgy, Energy, Professional Services, Mining, Minerals, Science, Natural Resources, Bank statement, EDGAR, Metal, Annual report, LZM

Lifezone Metals Limited (NYSE: LZM) is pleased to announce the publication of its inaugural Annual Report for 2023, marking a significant milestone for Lifezone as a public company.

Key Points: 
  • Lifezone Metals Limited (NYSE: LZM) is pleased to announce the publication of its inaugural Annual Report for 2023, marking a significant milestone for Lifezone as a public company.
  • The Annual Report highlights Lifezone’s achievements in the past year and can be accessed here .
  • In conjunction with the Annual Report, Lifezone’s full-year and Q4 2023 financial results have been filed on Form 20-F with the United States Securities and Exchange Commission (“SEC”) available on EDGAR .
  • The Annual Report and Form 20-F are available on Lifezone’s investor relations website .

Pioneer Achieves 51% Year-Over-Year Increase in Revenue, Reaching $40.8 Million

Retrieved on: 
Monday, April 1, 2024
Other Energy, Hardware, EV, Electric Vehicles, Energy, Automotive, Other Automotive, Technology, Other Technology, Momentum, Miami International Airport, Growth, Infrastructure, EPS, Operating cost, Introduction, Transport, Water, Traction, Access, Bank statement, Marketing, Hand, Mazurek

Revenue was $40.8 million, as compared to $27.0 million during 2022, an increase of 51.1%.

Key Points: 
  • Revenue was $40.8 million, as compared to $27.0 million during 2022, an increase of 51.1%.
  • Loss from operations was $617,000, compared to a loss of $4.0 million during 2022, a $3.4 million improvement year-over-year.
  • The Company recognized $1.5 million of non-cash, stock-based compensation expense during 2023, as compared to $1.0 million during 2022.
  • Gross profit for 2023 was $10.4 million, or 25.5% of revenue, compared to $4.6 million, or 17.1% of revenues, for last year, an increase of $5.8 million or 840 basis points.

NMG Pays Accrued Interests and Grants Options

Retrieved on: 
Monday, April 1, 2024
Automotive, Technology, Mining, Minerals, Batteries, Other Technology, Natural Resources, General Automotive, Alternative Energy, Environment, Energy, Sustainability, Indian stock exchange, Private placement, TSX Venture Exchange, Private, Exchange, Holder, NOU, NMG, Security (finance)

Nouveau Monde Graphite Inc. (“NMG“ or the “Company”) ( NYSE: NMG , TSX.V: NOU ) announces today the payment of accrued interests as part of a previously announced private placement announced by press release dated November 8, 2022 (the “2022 Private Placement”).

Key Points: 
  • Nouveau Monde Graphite Inc. (“NMG“ or the “Company”) ( NYSE: NMG , TSX.V: NOU ) announces today the payment of accrued interests as part of a previously announced private placement announced by press release dated November 8, 2022 (the “2022 Private Placement”).
  • Upon the approval of the TSX Venture Exchange and the New York Stock Exchange (the “Exchanges”), the accrued interests owed to Investissement Québec (the “Holder”) for the first quarter of 2024 under the unsecured convertible note, as amended and restated, (the “Note”) issued in connection with 2022 Private Placement, will be deemed paid.
  • The issuance of Common Shares is subject to the approval of the Exchanges and, when issued, will be subject to a hold period of four (4) months and one day.
  • Each option entitles the holder thereof to purchase one common share of the Company at a price of $3.12 per common share for a period expiring on April 1, 2029.

Western Funding Named a Top Workplaces USA 2024 Winner

Retrieved on: 
Monday, April 1, 2024
Banking, Professional Services, Other Automotive, Automotive, Human Resources, WFI, Workplace, FUN, Growth, Management

Western Funding Inc. (WFI), a subsidiary of Westlake Technology Holdings has been recognized as a Top Workplaces USA recipient for 2024.

Key Points: 
  • Western Funding Inc. (WFI), a subsidiary of Westlake Technology Holdings has been recognized as a Top Workplaces USA recipient for 2024.
  • This achievement follows closely after WFI was recognized as a Top Workplace in Nevada for 2023.
  • The recognition is based on results via an anonymous employee survey conducted in collaboration with employee engagement technology partner, Energage LLC.
  • This award acknowledges WFI’s continued commitment to creating a positive workplace culture, focusing on its employees’ satisfaction, engagement, and growth.

taq Automotive Intelligence & LeaseBusters Join Forces to Redefine the Auto Leasing Landscape

Retrieved on: 
Monday, April 1, 2024
Online Retail, Aftermarket, Retail, Digital Marketing, Communications, Automotive, General Automotive, Partnership, Multimedia, Organization, SCI, Real estate

In a groundbreaking move to deliver digital optimization to the Canadian market, taq Automotive Intelligence www.taqauto.com , has partnered with Canada’s leading lease take-over specialists LeaseBusters www.leasebusters.com solidifying the commitment of both organizations to provide a modernized and fully digital lease transfer process.

Key Points: 
  • In a groundbreaking move to deliver digital optimization to the Canadian market, taq Automotive Intelligence www.taqauto.com , has partnered with Canada’s leading lease take-over specialists LeaseBusters www.leasebusters.com solidifying the commitment of both organizations to provide a modernized and fully digital lease transfer process.
  • “As Canada’s vehicle lease transfer specialists and pioneers, we recognize that this space is primed for change,” says LeaseBusters president Jim Matthews.
  • “In taq, we have found a partner who shares our mission to revolutionize the automotive customer’s buying journey through digital transformation.
  • The evolution of the lease transfer process is only the first step in a journey that is primed for advancement”.