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EQS-News: SFC Energy AG announces mid-term targets for 2028 - growth to EUR 400 to 500 million Group sales planned

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Tuesday, December 26, 2023

Longevity, Hydrogen, Growth, COVID, IP, Acceleration, Acquisition, EUR, SFC, Orientation, Renewable energy

As part of the growth plan up to 2028, an increase in Group sales to EUR 400 to 500 million is planned.

Key Points:

As part of the growth plan up to 2028, an increase in Group sales to EUR 400 to 500 million is planned.
Furthermore, the Management Board reaffirms its goal of achieving a sustainable adjusted EBITDA margin of more than 15% prior to 2028.
Dr. Peter Podesser, CEO of SFC Energy AG: "Four key features define our fuel cells: self-sufficient, reliable, quiet, and without environmentally harmful emissions.
The increasing consolidation of the industry, in which SFC clearly stands out from its peer group with profitable growth, also presents numerous opportunities."

Electrify Expo Goes Big In Austin With Record EV Debuts and More Than 20,000 Demo Rides

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Wednesday, November 15, 2023

NIU, EVS, Circuit, The Wall Street Journal, Circuit of the Americas, EV, Adweek, F1, News, Hankook Tire, Name, Fireworks, Ford, VinFast, Anker

From the leading automotive brands to innovators in electric mobility, attendees got to experience a full weekend of exciting demo drives, brand interactions, breaking news and educational conversations.

Key Points:

From the leading automotive brands to innovators in electric mobility, attendees got to experience a full weekend of exciting demo drives, brand interactions, breaking news and educational conversations.
“The popularity of EVs in Austin has shot through the roof,” said BJ Birtwell, founder and CEO of Electrify Expo.
“Attendees got to experience EVs in real, meaningful ways on multiple demo courses, including the famed F1 race track.
For the first time, Industry Day included automotive and micromobility press conference tours where multiple announcements were made from leading brands, including;

Polar Power Reports 12% Growth in Revenue During Third Quarter 2023 Financial Results

Retrieved on:

Tuesday, November 14, 2023

GARDENA, CA, Nov. 14, 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 three and nine months ended September 30, 2023.

Key Points:

GARDENA, CA, Nov. 14, 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 three and nine months ended September 30, 2023.
Working Capital was $13.3 million at the end of Q3 2023, compared with $17.3 million ending December 31, 2022.
Third Quarter and Nine-Month 2023 Financial Details:
Net sales for Q3 2023 were $1.9 million, representing a 12% year-over-year increase from $1.7 million in Q3 2022.
The number of customers that purchased Polar DC generators during Q3 2023 increased to seventeen, as compared to six in Q3 2022.

Enthusiast Gaming Reports Third Quarter 2023 Financial Results

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Monday, November 13, 2023

“We are making solid progress against our strategy to build the most scaled gaming communities in North America -- and a platform for significant growth,” commented Nick Brien, Chief Executive Officer. “Our efforts include sweeping changes across nearly every facet of the organization that are positioning the company for growth, profitability and value creation. As a measure of our progress, in the quarter we booked our largest branded solutions sale to date. We continue to expect to be profitable in the fourth quarter, entering next year as a self-sustaining business as we shift from a year of transformation velocity in 2023 to a year of growth velocity in 2024.”

Key Points:

LOS ANGELES, Nov. 13, 2023 (GLOBE NEWSWIRE) -- Enthusiast Gaming Holdings Inc. (“Enthusiast Gaming” or the “Company”) (TSX: EGLX), a leading gaming media and entertainment company, today announced financial results for the three and nine months ended September 30, 2023 (“Q3 2023”).
The results represent 28% year-over-year growth in Unique Visitor traffic to Enthusiast Gaming’s digital media Property of gaming communities, content, and creators (Comscore Media Metrix® Multi-Platform, Total Audience, September 2023, U.S.).
Results in Q3 2023 and Q3 2022 included a non-cash impairment expense of $51.7 million and $31.3 million respectively.
Conference call details:
A replay of the webcast will be available on the Investor page of the Enthusiast Gaming website at enthusiastgaming.com/investors.

Nonprofit Sector Faces Pressing Challenges in Worker Stress, Public Trust, and Donor Participation, Shows New Report at the 2023 Upswell Summit

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Monday, November 13, 2023

Independent Sector launched the report in advance of the 2023 Upswell Summit , co-hosted with Social Venture Partners (SVP) Dallas in Dallas, Texas on November 15-17, 2023.

Key Points:

Independent Sector launched the report in advance of the 2023 Upswell Summit , co-hosted with Social Venture Partners (SVP) Dallas in Dallas, Texas on November 15-17, 2023.
The 2023 Upswell Summit will provide a central meeting place for more than 600 nonprofit and foundation leaders, philanthropists, business and corporate leaders, activists, academics, journalists, and changemakers.
The report covers sector health data, as well as Independent Sector’s analysis from 2022 through the second quarter of 2023.
View the official PSA for the 2023 Upswell Summit here: https://youtu.be/sKKuyP41vDI
You may also follow along on social media using #Upswell2023.

Used Car Market Undergoing Transition from Volatility to Stability, According to Edmunds’ Q3 Used Vehicle Report

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Monday, November 13, 2023

Ford Mustang Mach-E, Chevrolet Camaro, Tesla Model Y, Ford, EVS, Risk, Ford Mustang, Tacoma, Washington, EV, Toyota Supra (J29/DB), Black Friday, Retail, Online shopping

“Q3 showed signs of a return to normalcy in the used car market, albeit at still-elevated prices,” said Ivan Drury, Edmunds’ director of insights.

Key Points:

“Q3 showed signs of a return to normalcy in the used car market, albeit at still-elevated prices,” said Ivan Drury, Edmunds’ director of insights.
No trend marks the return to normalcy in the used car market more clearly than used pricing sitting properly below new values.
Improved inventory in the new-car market has resulted in downward pressure in the used market, leaving the average price for 3-year-old and newer used vehicles $13,686 below the new -car industry average price in Q3 2023.
“Anyone attempting to compare today’s used car market to the ‘Before Times’ will likely wince at current values, but stability is nonetheless an encouraging sign,” Drury said.

Aeva to Showcase World’s First Automotive-Grade FMCW 4D LiDAR for Advanced Driver Assist and Autonomy in Production Vehicles at CES 2024

Retrieved on:

Thursday, December 14, 2023

Hardware, Autonomous Driving, Vehicles, Technology, Automotive, Software, Las Vegas Convention Center, Immunity, Micrometre, NYSE, Multimedia, Sienna, Aeva Maurelle, Automation, Toyota Sienna, 3D, Lidar, Transport, West Hall

Aeva ® (NYSE: AEVA), a leader in next-generation sensing and perception systems, announced its attendance at CES® 2024 where it will showcase the world’s first automotive-grade FMCW 4D LiDAR for advanced driving automation in mass production vehicles.

Key Points:

Aeva ® (NYSE: AEVA), a leader in next-generation sensing and perception systems, announced its attendance at CES® 2024 where it will showcase the world’s first automotive-grade FMCW 4D LiDAR for advanced driving automation in mass production vehicles.
View the full release here: https://www.businesswire.com/news/home/20231214322112/en/
New Automotive Product Introduction and Demonstration: Witness the introduction of Aeva’s newest automotive-grade long-range and high-resolution 4D LiDAR for mass production automotive applications.
Aeries™ II 4D LiDAR Demo: See the industry’s most advanced FMCW 4D LiDAR technology with live point clouds from Aeries II sensors showcasing Aeva’s unique ability to detect 3D position and velocity simultaneously.
Featured Customer – May Mobility: See May Mobility’s next-generation autonomous transit vehicle equipped with Aeva 4D LiDAR technology, built on the Toyota Sienna Autono-MaaS vehicle platform.

Automotive Edge Computing Consortium Drives Green Mobility Forward with White Paper and Milestone Proof of Concept

Retrieved on:

Wednesday, December 13, 2023

In response to these evolving needs, the Automotive Edge Computing Consortium (AECC) announced the release of its comprehensive white paper, " Connected Infrastructure for the Realization of the Green Mobility Society ," and the successful completion of a groundbreaking Green Mobility Proof of Concept (PoC) by AECC members Toyota, KDDI, and Cisco.

Key Points:

In response to these evolving needs, the Automotive Edge Computing Consortium (AECC) announced the release of its comprehensive white paper, " Connected Infrastructure for the Realization of the Green Mobility Society ," and the successful completion of a groundbreaking Green Mobility Proof of Concept (PoC) by AECC members Toyota, KDDI, and Cisco.
Concierge Service: AI-driven personalized conversations with drivers, incorporating real-time data on traffic, road conditions, and energy status to provide route and in-vehicle guidance.
Connected Infrastructure for Green Mobility: Emphasizing the need for connected infrastructure in realizing a Green Mobility Society, the paper advocates for creating an immersive environment for users even when not driving, emphasizing comfort and realism.
The AECC's Green Mobility PoC, " Wi-Fi Data Offloading and Edge Computing for Greener Mobility Services ,” was conducted in collaboration with AECC members Toyota, KDDI, and Cisco.

Asbury Automotive Group Completes Acquisition of Jim Koons Automotive Companies

Retrieved on:

Monday, December 11, 2023

Asbury Automotive Group, Inc. (NYSE: ABG), one of the U.S.’ largest automotive retail and service companies, has completed the acquisition of Jim Koons Automotive Companies, the ninth largest privately-owned dealership group in the U.S.

Key Points:

Asbury Automotive Group, Inc. (NYSE: ABG), one of the U.S.’ largest automotive retail and service companies, has completed the acquisition of Jim Koons Automotive Companies, the ninth largest privately-owned dealership group in the U.S.
“Jim Koons’ passion for the car business, as well as his enthusiastic leadership of his group, is evident at every level of the Koons organization.
Koons’ rich 50 year history could not have been achieved without the contributions and support of our stellar employees,” said Jim Koons, Chairman of Jim Koons Automotive Companies.
His passion and commitment to excellence is evident in the incredible organization he built in the Jim Koons Automotive Companies.

2023 Competitive Analysis of OEM Investments in Vehicle Electrification Featuring BMW, Ford, GM, Honda, Hyundai-Kia, Mercedes-Benz, Nissan, Stellantis, Tesla, Toyota, and VW - ResearchAndMarkets.com

Retrieved on:

Tuesday, December 5, 2023

The "Competitive Analysis of Original Equipment Manufacturer (OEM) Investments in Vehicle Electrification" report has been added to ResearchAndMarkets.com's offering.

Key Points:

The "Competitive Analysis of Original Equipment Manufacturer (OEM) Investments in Vehicle Electrification" report has been added to ResearchAndMarkets.com's offering.
The report projection indicates that the global EV market will record over 44% year-on-year unit sales growth in 2023.
OEMs have been rushing to gain a share of the competitive EV market through fresh launches and extensive investments for future growth.
Top EV OEMs BYD, Tesla, and Volkswagen will sell 5.7 million EVs in 2023, up from 4 million in 2022.