Enova Systems (ENA), which makes hybrid vehicle drive systems, had a big day today soaring nearly 66% up to the 2010 highs after the company reported a record quarterly revenue number and announced a partnership with LG Chemical. While the company remains unprofitable and will likely remain so for some time, revenues bumped up to $3.7 million which is a 152% increase over the year ago quarter.
Tag Archives: ENA
Enova Systems (ENA) & Navistar (NAV) Begin Deployment Of Hybrid School Buses
As part of an initial deployment of US DOE grants for hybrid school buses, Enova Systems (ENA) and Navistar (NAV) will deploy an initial lot of 16 buses to various school districts. The companies expect to win more work as additional tax credits and incentives become available for school districts who wish to deploy cleaner buses. With Navistar (NAV) owning 60% of the US bus market, they may get a nice chunk of this business, … Read the rest
Enova (ENA) Offers Electric Ford F-150 and Chevrolet Express Cargo Van
Enova Systems, Inc. just announced that it is offering all-electric versions of the Ford F150 and Chevy Express cargo van integrated with its electric Zero Emissions (Ze) drive system. These vehicles provide service and utility fleets with an immediate option for zero-emissions, electric transportation.
In a press release, Enova Systems CEO Mike Staran elaborated on the advantages of the Ze drive system:
“This incremental deployment of the Ze all electric drive system is an … Read the rest