THINK City just announced that it will be working with Aerovironment to create a new fast-charge system for the Think City Electric vehicle. The goal? 80% charge in 15 minutes! This would address one key weakness of electric cars-long charging times that put the vehicles out of commission for hours once you’ve used up all the juice.
In a press release, Michael Bissonette, Aerovironment’s senior vice president and general manager of its Efficient Energy … Read the rest
Quantum Fuel Systems (QTWW) reported earnings results after the bell yesterday, beating Wall ST estimates on both the EPS and revenue side with a loss of .03/share on revenues of $6.2 million. Analysts had expected a .07/share loss. Revenues slipped 35% over the year ago quarter which the company attributed to the end of a supply contract with GM for hydrogen fuel storage systems. However, the company continues to trim its losses as cost reduction … Read the rest
I’m happy to say that all the green stocks tracking pages (links above) now display a real time twitter feed of the stocks that I’m tracking in each section! I just put it up today, so undoubtedly there will be bugs and issues to deal with, such as the occasional spam poster. I’ll be exploring other ways to help keep you up to speed on all the latest and greatest in the world of green … Read the rest
UQM Technologies (UQM) is getting a boost from the government this morning with a $45 million cost share grant for the advancement of electric cars, lithium batteries and all the equipment needed to produce and deploy. The company will be eligible to recover half of any costs, but may be required to pay back loans used for assets greater than $5K. The company will also need to provide detailed reports about where the money is … Read the rest
Now we know why EnerDel and Fisker broke off discussions about working together. Fisker wanted to work with A123 Systems (AONE). This morning the companies announced a multi year deal in which A123 will supply the lithium batteries for the Fisker Karma to be launched later this year. The relationship won’t end there. A123 will also invest as much as $23 million in Fisker and collaborate on the Fisker Nina, which is the all … Read the rest
Back in May we reported that Fisker was in talks with EnerDel to discuss the possibility of using their lithium batteries, but apparently those talks have now ended. The two companies signed a letter of intent for a potential long term deal that was contingent upon reliability and performance testing, so this is certainly a blow to EnerDel and the stock is down 17% on the news. The company will still be the supplier for … Read the rest
Aerovironment (AVAV) is seeing some upside movement with volume after it was announced that Nissan has selected the company to provide its electric car home charging stations and installation services to support the upcoming launch of the LEAF in about one year. The Nissan branded AVAV charging stations will be available for an additional “charge” with AVAV’s network of electricians offering installation assessment and services. The charging stations will produce a full charge in about … Read the rest
Kandi Technologies (KNDI) is surging about 15% in premarket trading today after announcing it has formed a strategic alliance with China Potevio/CNOOC New Energy and Power (aka “Alliance For Chinese Electric Vehicle Development and Commercialization”) to speed up the commercialization and adoption of electric cars in China.
Kandi which specializes in the manufacturing of electric vehicles and other non traditional vehicles spearheaded the new alliance and has support of the government. CEO Xiaoming Hu commented, … Read the rest
Valence Technology (VLNC) announced this morning that it received a $1.4 million order from Smith Electric Vehicles for its U-Charge lithium battery systems to be shipped in the latter half of next year. Smith is ramping up production of its Newton electric truck line at the Kansas City plant to meet demand for next year.
VLNC is up about 10% on the news, but well off the morning highs. It’s trying to find support around … Read the rest
A123 Systems (AONE) is popping this morning on news it will expand its presence in the China market in a joint venture with SAIC Motor, a leading auto manufacturer in China. The two companies will co-develop complete lithium battery systems for hybrid and electric cars. The joint venture, called Shanghai Advanced Traction Battery Systems, will use the batteries in all SAIC manufactured cars and trucks and look to sell the battery to other manufacturers … Read the rest