Quantum Fuel Systems (QTWW) reported results after the bell today and as expected posted another loss on weak revenues. Revenues aren’t expected to improve until next year since this is a company that is for the most part tied to the success of the Fisker Karma which is expected to begin volume production in 2011. The company reported a loss of .04/share on revenues of $3.8 million which resulted in a .01/share miss on … Read the rest
Category Archives: Electric/Hybrid Cars
Kandi Technologies (KNDI) Gets Order From China Postal Service For 60 Electric Vehicles
Kandi Technologies (KNDI) announced that the Postal Service in the Chinese city of Hangzhou has ordered 60 all electric vehicles designed for the Postal Service. The more than $600K deal may be the first phase of much larger deals to come from other cities especially since the car was recently approved by the government. Hangzhou is one of five cities in China in which the government has agreed to offer significant subsidies and incentives to … Read the rest
UQM Technologies (UQM) Receives Order For 50 Electric Propulsions Systems
UQM Technologies (UQM) has announced this morning that it received an initial order for 50 of its PowerPhase electric propulsion systems from an established international auto manufacturer which may eventually purchase thousands of the systems to prepare for the electric car launch from this unnamed manufacturer in 2012. Delivery is expected in the 4th quarter and expected to continue through the first quarter 2011.
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UQM CEO … Read the rest
Tesla (TSLA) Attempting To Duplicate Success Of Apple (AAPL) Stores, Hires Key Exec
Tesla Motors (TSLA) announced yesterday it has hired the man responsible for developing Apple’s (AAPL) retail strategy which has been an important part of the success of the iPod, iPhone, iPad.. The company wants to create a unique shopping experience and believes it has found the right man for the job in George Blankenship, who most recently worked for Microsoft and brings 30 years of retail experience to Tesla. Blankenship will hit the ground running, … Read the rest
Quantum Fuel Systems (QTWW) Signs Initial Q-Drive Purchase Order For Fisker Karma
Quantum Fuel Systems (QTWW) signed a supply deal with Fisker Automotive about two months ago for solar roof modules and control components for the Q-Drive system. Today, they have announced an initial purchase order for supplying Q-Drive™ powertrain systems for the Fisker Karma.
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Quantum will begin supplying the powertrain systems this fall to enable volume production which is expected to begin in February of … Read the rest
Tesla (TSLA) To Showcase Next Gen Roadster This Weekend At Goodwood
Tesla (TSLA) is expected to showcase its next generation Roadster this weekend at the Goodwood Festival of Speed in the UK. The Tesla Roadster 2.5 appears to feature just incremental improvements such as better sound proofing, a touch navigation screen and improved seat comfort. They began selling the new version this week and have begun delivering to customers.
The UK just loves the Roadster! In the UK, companies that purchase a Roadster are allowed to … Read the rest
Tesla (TSLA) IPO A Success: Increased Share Offering & Priced Above Expected Range
All the hype around Tesla Motors (TSLA) appears to have investors clamoring for a piece as the company increased the share offering by 20% and priced at $17/share which is higher than the expected range of $14 – 16, raising nearly $50 million more than expected. Elon Musk must be a very happy man this morning.
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Now that the IPO is behind them and a smashing … Read the rest
Raser Technologies (RZ) To Develop Solar Power & Electric Cars With Hyundai Heavy Industries
Raser Technologies (RZ) is surging 25% this morning after announcing it will develop solar power and electric cars with Korea based, global manufacturer Hyundai Heavy Industries. This is the same company working with American Superconductor (AMSC) to develop wind energy.
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This isn’t yet a done deal with contracts signed, but the two companies have signed a memorandum of understanding to co-develop solar power and electric vehicles … Read the rest
Valence Technology (VLNC) Provides Lithium Batteries For e-Traction Electric Buses
I just posted about Altair’s lithium battery deal with Proterra for their electric buses and Valence Technology (VLNC) is also providing lithium batteries for electric buses. The company announced today it’s technology is powering e-Traction’s e-Busz all electric buses in Rotterdam of the Netherlands. The first two zero emission buses were transferred to the Rotterdamse Elektrische Tram in a ceremony last week. The buses are recharged through regenerative breaking and plug in power during … Read the rest
Altair Nanotechnologies (ALTI) Signs Long Term Lithium Battery Deal With Proterra For Electric Buses
Altair Nanotechnologies (ALTI) could use some good news. With its stock trading at 40 cents a share, it’s on the verge of extinction. Today it got some. The company signed a long term lithium battery supply deal with Proterra for their hybrid and electric buses, allowing the buses to recharge in 10 minutes.
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The two companies have partnered in the past and this purchase order … Read the rest