Alternative Vehicles

Faraday Future Selects Innovusion as LiDAR supplier for Flagship FF 91 Futurist Luxury Electric Vehicle

Retrieved on: 
Wednesday, December 7, 2022

This press release includes forward looking statements within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995.

Key Points: 
  • This press release includes forward looking statements within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995.
  • These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements.
  • Forward-looking statements speak only as of the date they are made.
  • View source version on businesswire.com: https://www.businesswire.com/news/home/20221207005910/en/

The Worldwide Automotive Repair and Service Industry is Estimated to Reach $1.6 Billion by 2031 - ResearchAndMarkets.com

Retrieved on: 
Wednesday, December 7, 2022

According to this report the automotive repair and service market was valued at $789.80 billion in 2021, and is estimated to reach $1,656.21 billion by 2031, growing at a CAGR of 7.6% from 2022 to 2031.

Key Points: 
  • According to this report the automotive repair and service market was valued at $789.80 billion in 2021, and is estimated to reach $1,656.21 billion by 2031, growing at a CAGR of 7.6% from 2022 to 2031.
  • The report incorporates the study of the global automotive repair and service market that focuses on the automotive aftermarket services provided to automotive repair shops and end users.
  • Automotive repair and service include fixing an unexpected problem, ranging from rebuilding transmissions to replacing shocks.
  • The current automotive repair and service market is quantitatively analyzed from 2022 to 2031 to benchmark the financial competency.

2022 Electric Two-wheeler Battery Swapping Stations Market Report: Featuring Bounce Infinity, Gogoro Network, Smart-BMS, Sun Mobility and Zynch Among Others - ResearchAndMarkets.com

Retrieved on: 
Wednesday, December 7, 2022

The "Electric Two-wheeler Battery Swapping Stations, 2022: Frost Radar Report" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Electric Two-wheeler Battery Swapping Stations, 2022: Frost Radar Report" report has been added to ResearchAndMarkets.com's offering.
  • Battery swapping stations are an important component of the $40 billion electric two-wheeler industry.
  • The battery-swapping market is in the growth stage and moving toward consolidation.
  • A battery swapping mechanism would be an integral part of a successful new mobility operation, allowing fleet managers to minimize vehicle downtime through quick changes, mobile swapping stations, or even on-demand battery delivery services.

Global Automotive Energy Recovery Systems Market to Reach $33 Billion by 2027 at a 6.1% CAGR - ResearchAndMarkets.com

Retrieved on: 
Wednesday, December 7, 2022

The "Automotive Energy Recovery Systems: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Automotive Energy Recovery Systems: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
  • In the changed post COVID-19 business landscape, the global market for Automotive Energy Recovery Systems estimated at US$21.7 Billion in the year 2020, is projected to reach a revised size of US$33 Billion by 2027, growing at a CAGR of 6.1% over the analysis period 2020-2027.
  • Regenerative Braking Systems, one of the segments analyzed in the report, is projected to record a 7% CAGR and reach US$19.2 Billion by the end of the analysis period.
  • The U.S. Market is Estimated at $6.3 Billion, While China is Forecast to Grow at 5.6% CAGR
    The Automotive Energy Recovery Systems market in the U.S. is estimated at US$6.3 Billion in the year 2020.

Sion Power Announces Plans to Expand Battery Manufacturing Operations in Tucson, Arizona

Retrieved on: 
Wednesday, December 7, 2022

Sion Power Corporation , a leading technology developer of next-generation batteries for electric vehicles (EV), today announced plans to expand its existing manufacturing operations in Tucson, Arizona.

Key Points: 
  • Sion Power Corporation , a leading technology developer of next-generation batteries for electric vehicles (EV), today announced plans to expand its existing manufacturing operations in Tucson, Arizona.
  • Sion Power chose to expand because of its rich history, access and the availability of quality and skilled employees in the Tucson community.
  • Now Sion Power has over 100 employees and is scaling up its ultra-high energy, lithium-metal based Licerion battery development.
  • Mr. Kelley went on to say, With our facility expansion in Tucson, Arizona, it will allow Sion Power to further our mission of scaling battery manufacturing from research and development to commercialization.

Global Used E-Scooter Market Report 2022 to 2032: Featuring Xiaomi, Glion, Voro Motors and Segway Among Others - ResearchAndMarkets.com

Retrieved on: 
Wednesday, December 7, 2022

The "Used E-Scooter Market" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Used E-Scooter Market" report has been added to ResearchAndMarkets.com's offering.
  • A recent market study published on Used E-Scooter offers a global industry analysis for 2017-2021 and opportunity assessment for 2022-2032.
  • The study offers a comprehensive assessment of the most important market dynamics.
  • After conducting thorough research on the historical and current growth parameters, the growth prospects of the market are obtained with maximum precision.

Designed and Built in California, EverCharge Opens Hayward Factory to Meet Growing Demand and Further Ongoing Commitment to U.S.-Based Production

Retrieved on: 
Wednesday, December 7, 2022

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20221207005675/en/
    Designed and Built in California, EverCharge Opens Hayward Factory to Meet Growing Demand and Further Ongoing Commitment to U.S.-Based Production (Photo: Business Wire)
    With international supply chain shortages continuing to limit and delay production around the world, EverCharge is proud to be one of the few companies to manufacture their electric vehicle supply equipment (EVSE) in North America.
  • As part of the opening, EverCharge is creating new opportunities for highly skilled local jobs and plans to double their factory workforce by mid-2023.
  • The opening of our Hayward factory is a prime example of how EverCharge is driving the U.S. clean energy movement forward with high-quality, reliable, and American-made EV charging solutions.
  • This partnership is launching a new chapter for EverCharge and creating growth and expansion in every area of the business.

Cenntro Electric Group to Unveil Logimax 864 Hydrogen Powered Semi Tractor at CES

Retrieved on: 
Wednesday, December 7, 2022

Cenntro Electric Group Limited (NASDAQ: CENN), a leading EV and alternative fuel technology company with advanced, market-validated electric commercial vehicles, will unveil the Logimax H864 (LMH864), a hydrogen powered Class 8 Semi Tractor, at the upcoming 2023 Consumer Electronics Show (CES), taking place January 5-8, 2023 in Las Vegas.

Key Points: 
  • Cenntro Electric Group Limited (NASDAQ: CENN), a leading EV and alternative fuel technology company with advanced, market-validated electric commercial vehicles, will unveil the Logimax H864 (LMH864), a hydrogen powered Class 8 Semi Tractor, at the upcoming 2023 Consumer Electronics Show (CES), taking place January 5-8, 2023 in Las Vegas.
  • View the full release here: https://www.businesswire.com/news/home/20221207005503/en/
    Cenntro Logimax 864 Hydrogen Powered Semi Tractor (Photo: Business Wire)
    The LMH864 is a 6x4 semi-tractor, representing Cenntros first entry into hydrogen fuel cells and first heavy-duty truck.
  • The semi-tractors electric motors are fully powered by high-efficiency sustainable hydrogen fuel cells with eight 210-liter banks that convert hydrogen into electric power by combining it with oxygen, producing only water as byproduct.
  • We look forward to introducing the vehicle to CES attendees along with our full line of electric vehicles.

AEye, Owl Autonomous Imaging, and GPR Present Briefing on Latest Automotive Mobility Sensing Technologies at U.S. Ambassador Rahm Emanuel’s Residence in Tokyo

Retrieved on: 
Wednesday, December 7, 2022

On December 6, 2022 AEye, Inc. (NASDAQ: LIDR), Owl Autonomous Imaging (Owl AI), and GPR presented the latest solutions in automotive sensing and transportation technologies at a briefing for Japanese automotive industry executives hosted by Ambassador Rahm Emanuel at the United States Embassy in Tokyo.

Key Points: 
  • On December 6, 2022 AEye, Inc. (NASDAQ: LIDR), Owl Autonomous Imaging (Owl AI), and GPR presented the latest solutions in automotive sensing and transportation technologies at a briefing for Japanese automotive industry executives hosted by Ambassador Rahm Emanuel at the United States Embassy in Tokyo.
  • View the full release here: https://www.businesswire.com/news/home/20221207005278/en/
    Ambassador Rahm Emanuel shares opening remarks at a reception with technology leaders from AEye, Owl AI, and GPR.
  • AEye, Owl AI, and GPR, trailblazers in the automotive mobility sensing technology industry, each create essential components of a sensor fusion system that includes lidar, cameras, and radar.
  • These technologies provide the most robust and safe solution for autonomous mobility and transportation.

Enevate Announces CEO Transition

Retrieved on: 
Wednesday, December 7, 2022

The company announced that Robert (Bob) A. Kruse Jr., formerly Senior Vice President of Product Execution at Faraday Future Intelligent Electrics, has been named Enevate CEO and President and appointed to Enevates Board of Directors.

Key Points: 
  • The company announced that Robert (Bob) A. Kruse Jr., formerly Senior Vice President of Product Execution at Faraday Future Intelligent Electrics, has been named Enevate CEO and President and appointed to Enevates Board of Directors.
  • Bob Kruse will lead Enevate into our next chapter of growth, execution and innovation."
  • He also served as Vice President at Townsend Capital where he led the investment round to transition Dow Kokam to XALT Energy.
  • Enevate, the Enevate logo, HD-Energy, XFC-Energy and eBoost are registered trademarks of Enevate Corporation.