I don’t often agree with Jim Cramer’s recommendation of when to enter or exit a position, but I think he’s spot on in regards to the Tesla IPO which begins trading next week under the ticker TSLA. This is a company that is currently all hype and hope. While the company has some big names behind it including “the taxpayer”, success is far from guaranteed and profits will be a good 3 years away only … Read the rest
Category Archives: Electric/Hybrid Cars
NRG Energy (NRG) Offers Electric Car Charging Plan To Texas Customers
NRG Energy just announced that it plans to offer an unlimited electric car charging plan to its Texas customers. Starting next year, Houston residents will be able to sign up for the plan, which will cost $60-80 per month and allow unlimited charging at home and at charging stations throughout the city. It also includes the cost of leasing a home charging station and emergency charging for drivers who get stranded.
By the middle of … Read the rest
Toshiba To Supply Drive Motors For Ford (F) Electric Cars, Will Expand US Manufacturing
Toshiba announced today it will begin construction to expand capacity at a plant in Houston, Texas and begin production on drive motors for Ford Motor (F) hybrid and electric cars the following year. The plant will be the first phase of production in the US for electric car drive propulsion systems which it currently manufacturers in Japan. The company is expanding its manufacturing capacity which includes production of on board control systems to batteries, inverters … Read the rest
Another Kandi Technologies (KNDI) EV Receives Chinese Government Approval
Kandi Technologies just announced that another one of its EV models, the Model KD5010XXYEV, has been approved for sale in China. In a , the company wrote that it expects this model to be much widely adopted than the previous models it had for sale, since it is well-suited for both families and government agencies such as post offices and power companies.
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… Read the restCapstone Turbines (CPST) Announces Line of Hybrid Electric Drive Solutions, Supply Agreement With CalMotors
Capstone Turbines just announced that is now offering a full line of hybrid electric drive solutions, called Capstone Drive Solutions. To support the new product line, the company also announced a supply agreement with CalMotors, which will supply Capstone with inverter drives and traction motors for use in the systems.
CalMotors will provide these parts for a wide range of different vehicles. Traction motor sizes will range from 70kW to more than 300kW, to fit … Read the rest
Tesla (TSLA) IPO Set For June 29th
The CBOE IPO is the hot IPO on everyone’s radar today, but in a couple weeks all eyes will be on the Tesla Motors IPO. The much hyped electric car maker with big name investors such as the Google founders, the Abu Dhabi government, Daimler and even the US government behind it, hopes to raise another $178 million through the IPO. Toyota Motors (TM) will inject another $50 million in the stock upon a successful … Read the rest
Today’s Analyst Rating Roundup (AONE, HEV, VLNC, FSLR, SPWRA, ERII)
Several analyst rating notes to make you aware of today. Hat tip to Street Insider for the analyst notes.
Needham & Company has initiated coverage on AONE, HEV and VLNC.
Initiated coverage on A123 Systems (AONE) with a Hold rating and $10 price target. “Although we believe that A123 Systems has the potential to be a successful company in the long term, there are several near-term risks that could negatively affect AONE shares. The intellectual … Read the rest
Tesla & Toyota (TM) To Develop EV Prototype By Year End, But Partnership Hinges On Tesla IPO
Kyodo News (via Street Insider) is reporting that Toyota and Tesla will co-develop a prototype electric car by year end and this is according to Toyota sources.
It was announced on May 21st that Toyota would invest $50 million in Tesla Motors and would partner to produce the Model S electric sedan at a recently closed Toyota/GM plant in Fremont, California. It’s not clear what the prototype will be, but I assume it will … Read the rest
A123 Systems (AONE) Inks Another Lithium Battery Supply Deal With Navistar (NAV)
A123 Systems (AONE) announced last night an additional lithium battery supply deal with Navistar for the Navistar-Modec EV joint venture. It adds to the original lithium battery supply agreement announced in March.
A123 Systems will be manufacturing batteries for Navistar’s eStar electric vehicle which is a commercial use vehicle designed for frequent stops. A number of them have already been shipped to Fed Ex. No word on the financials of either deal, but it is … Read the rest
Ener1 (HEV) Gets China Battery Joint Venture Deal, $65 Million Equity Investment
I’ve been in vacation mode in recent days so haven’t been keeping up with all the news, but Ener1 (HEV) announced last week that it landed a JV deal with China’s top auto parts company, Wanxiang. HEV will begin producing lithium battery systems for Wanxiang this year for an existing backlog of customers. This is a great opportunity for Ener1 as it opens up the China market to them. Traders cheered the news, sending the … Read the rest