Quantum Fuel Systems (QTWW) surged with heavy volume off the 50 day moving average yesterday on news the company won a contract with Dow Chemical (DOW) to deliver 100 plug-in hybrid Ford F150 pickups (about 5% of Dow’s fleet). The vehicles will use Quantum’s proprietary F-Drive system developed specifically for the Ford F150 along with Dow Kokam lithium battery technology. The truck has a 35 mile all electric range and a 400 mile range in … Read the rest
Category Archives: Electric/Hybrid Cars
Kandi Technologies (KNDI) Acknowledges Accounting Error, But It Doesn’t Affect Revenues
Kandi Technologies (KNDI) sent a letter to shareholders yesterday indicating that in fact the company did have accounting errors, but that they have no impact on revenues for 2009 and 2010. The error affects unit volumes and come as a result of a recategorization of certain models and a translation of China accounting standards to US GAAP. The company has filed a copy of the letter with the SEC and will amend its annual report.… Read the rest
A123 Systems (AONE) Misses With Another Large Loss, Still Optimistic About Q2 Revenue Ramp
A123 Systems (AONE) continues to bleed red ink, but the CEO still remains positively upbeat and confident that a revenue ramp begins this quarter and continues through the rest of the year. We shall see, but for now the company is far away from profits and still in survival mode as the stock continues to tank.
The company posted an EPS loss of .51/share which was larger than what analysts expected (loss of .46/share) … Read the rest
A123 Systems (AONE) Inks Battery Supply Deal With Smith Electric
A123 Systems (AONE) announced a supply deal with Smith Electric after the bell today. They will be supplying 5kWh battery modules for all electric commercial trucks beginning in the 2nd half of this year. The first battery modules will be first used in a 7.5 ton electric vehicle used by such companies as Frito-Lay, Staples, Coca Cola as well as the US Marines Corp. No word on the quantity or financials of the deal.
===> … Read the rest
Tesla Motors (TSLA) Beats With Record Revenue, Shares Continue Bullish Path
As expected Tesla Motors (TSLA) reported another large quarterly loss, but it was less than analysts expected as the company posted better than expected revenues leading to a small spike in shares today. The company reported an EPS loss of .44/share (vs the expectation for a .53/share loss on revenues of $49 million vs the expectation for $43 million. Gross margins improved from 31% last quarter to 37%. It was a record breaking quarter … Read the rest
Goldman Sachs (GS) Meets With Tesla Execs, Sees Bullish Developments With Model S
Notable Calls has a great post this morning highlighting the Goldman Sachs meeting with Tesla Motors (TSLA) executives. Here are the highlights…
– Orders have picked up for the Model S and now stand at 4,000 vs the 3,400 at year’s end. The company now expects its 2012 production to sell out soon and still expects to launch the vehicle around mid 2012.
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– Targets 25% … Read the rest
Tesla (TSLA) Revolutionizing Car Buying With Apple (AAPL) -Esque Store, Stock Technically Bullish
Less than a year ago Tesla (TSLA) hired former Apple (AAPL) exec George Blankenship who was responsible for creating Apple’s hugely successful retail strategy. Granted, the iPods and iPhones probably would have sold well in a dilapidated shack in the woods, but Blankenship brings 30 years of retail experience to Tesla. At the time Elon Musk commented: “George has a record of building customer-focused stores that revolutionize their industries, and he does it on time … Read the rest
Microsoft (MSFT) & Toyota (TM) Team Up On Smart Car Telematics
Microsoft (MSFT) and Toyota (TM) announced a partnership today to build a next generation smart car platform using the Windows Azure software platform in Toyota all electric and hybrid vehicles. The on board telematics systems will provide battery charging information along along with GPS and multimedia technologies beginning in 2012. The goal is to provide a complete cloud based system for Toyota customers around the world by 2015 which integrates home energy use for optimal … Read the rest
Kandi Technologies (KNDI) Unveils New KD5011 Electric Car
Kandi Technologies (KNDI) unveiled its new KD5011 electric car at a grand opening ceremony for Hangzhou’s first New Energy Vehicle Showroom on March 29th. The KD5011 is a government approved all electric car that improves upon earlier models with better range. The affordable vehicle (below $5k after government subsidies) in theory will be able to travel up to 150 miles on a single charge.
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"Hangzhou … Read the rest
Enova Systems (ENA) Soars After Reporting Record Revenue, Partnership With LG Chemical
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.