Quantum Fuel Systems Technologies Worldwide just announced that they have a signed a definitive supply agreement to provide Fisker Automotive with parts for the Q-Drive(TM) powertrain system that Fisker is using in the Fisker Karma. Per the agreement, Quantum Fuels will be the exclusive provider for the Q-Drive(TM) hybrid control systems and the solar roof module. Fisker has also agreed to pay Quantum a royalty payment for each Karma sold.
In a press release, … Read the rest
Altair Nanotechnologies has just announced that it has received a new $850,000 follow-on order for its advanced lithium-ion battery modules from Proterra. The batteries will be used in Proterra’s electric and hybrid transit buses, especially the electric 35-foot Proterra FCBE 35 transit buses.
====> Click Here For Your FREE Altairnano Analysis
In a press release, Terry Copeland, President and Chief Executive Officer of Altairnano, commented on the order:
“This latest purchase order will allow Proterra … Read the rest
Borg Warner (BWA), which manufacturers auto parts to make cars more efficient, soared over 10% today after reporting strong earnings results as the US auto industry continues its remarkable recovery and the China auto industry remains red hot. The company smashed Wall St EPS estimates of .42/share by posting a non GAAP profit of .65/share, a whopping 642% increase over the year ago quarter. Revenues bounced back big over the year ago quarter too with … Read the rest
What’s the Biden Bounce you ask? Biden as in Joe Biden. Yeah, that Biden who they let out of the basement of the White House once in awhile to let us all know he’s still alive and acting as VP. He’s got a big task ahead of him tomorrow. He’ll be speaking at the new UQM Technologies (UQM) manufacturing facility and highlight the positive impact of the American Reinvestment & Recovery Act on small businesses … Read the rest
BorgWarner just announced that it is raising its guidance for earnings in 2010 from $1.40 to $1.70 per share to $2.20 to $2.50 per share. Currently, the consensus estimate for 2010 is $1.77 per share.… Read the rest
Kandi Technologies, Corp just announced that it will be introducing a new COCO model electric car, the COCO KD18E hardtop, to the American market. The vehicle will be distributed by Kandi’s US distributor, SOLUS INTERNATIONAL CORPORATION, and Kandi has received confirmation from the IRS that it will be eligible for a 10% tax credit.
====> Click Here For Your FREE Kandi Technologies Analysis
In a press release Mr. Xiaoming Hu, Chairman and CEO of the … Read the rest
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
Zoltek (ZOLT) announced after the bell today that they will form a new subsidiary to speed the development of lightweight carbon fiber applications for the auto industry. No doubt an increasingly important industry as manufacturers look for ways to increase gas mileage to meet federal regulations in the next few years. More than a dozen existing Zoltek engineers will join two highly regarded experts to lead Zoltek Automotive. Dave Stewart, founder of Stewart Auto Research, … Read the rest
Under the Danyang City Electric Car Mandate, Wonder Auto Tech (WATG) has been selected to spearhead an electric vehicle project in Danyang City and will be responsible for manufacturing, developing and supplying Wonder Auto branded EV taxis, buses and electrical car components as well as electric charging stations around the city and neighboring regions.
Danyang City is an important auto hub in China and has ambitions to become EV central in China. The city will … Read the rest
A123 Systems (AONE) is getting a bit of a pop this morning after Lazard Capital said that Chrysler has confirmed it will use A123 Systems lithium batteries for its Fiat 500 electric cars which are expected to hit the US market in 2012. Lazard believes this could potentially be a $100 million dollar deal. That seems a bit far fetched to me, but traders like it this morning sending the stock up about 4% in … Read the rest