Nearly two years ago I wrote an article titled From Dependence On Foreign Oil to Chinese Neodymium? Never did I imagine when I posted that article that a mad scramble for rare earth metals would take place so soon and that companies would begin looking for ways to avoid the use of neodymium so soon.
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This morning the WSJ reports that Toyota has been working … Read the rest
Today it was announced that Volvo’s C30 electric car which is powered by an Ener1 (HEV) lithium battery, achieved an important milestone. During the North American International Auto Show, Volvo CEO Stefan Jacoby unveiled a crash tested C30 following a two development program between the two companies. A test fleet of the electric vehicles will hit the road here in the states this year and the media will have an opportunity to test drive … Read the rest
Venture Beat is reporting that comments made at Engadget reveal that Tesla has finished its first prototype Model S electric sedan which isn’t expected to go on sale until 2012. Apparently a Model S manufacturing employee Brian Z Jones made a comment on Engadget commenting on the first run of the prototype:
“I just got to see the 1st Alpha proto run…. And, boy, did that thing run! The production vehicle will be as … Read the rest
UQM Technologies (UQM) surged with heavy volume today up off the 50 day moving average after new CEO Eric Ridenour announced that the company has added full production capabilities for its electric vehicle components which include electric motors, generators and electronic controls. The company will present at the Piper Jaffray 6th Annual Clean Technology & Renewables Conference January 12th.
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“This expansion into full production capability … Read the rest
In an article over at Bloomberg a few days ago, Tesla Motors (TSLA) indicated it believes it can reach profitability much sooner with the Model S (still a year or two away from selling) than Nissan can with its LEAF electric car because of cheaper batteries. Tesla said its battery cells which are similar to those used in laptops allow the company to reach profitability after 20K Model S’s sold which is far less than … Read the rest
A few days ago I commented that TSLA was providing an excellent short setup after a big run. It didn’t take long for shares to hit my profit target as insiders began dumping shares once the lock up period expired Monday. After such a big run in a highly speculative company, I’d be selling too.
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The Street reports there are about 93 million shares of … Read the rest
Two two green stocks are moving this morning on notable analyst calls.
Goldman Sachs initiated coverage on ReneSola (SOL) with a Buy and $11 price target which is about 30% higher from current levels. The firm likes the solid balance sheet and the valuation after a big correction. I’ve said that SOL and JASO have offered compelling entry points off their 200 day moving averages and still feel that way. Shares of SOL are up … Read the rest
Shares of Kandi Technologies (KNDI) began surging about three hours ago after the company announced it launched their lithium ion battery based electric car, the KD5011, which features a range of 200 – 230km per charge. The previous model (KD5010) used a lead-acid rechargeable battery and had a driving range of 100-150km per charge. They also announced that the new model is eligible for national subsidies of up to $9K per vehicle in all … Read the rest
Following the beginning of an electric car network implementation in Jinhua, Kandi Technologies (KNDI) announced that they are in discussions to build an electric car network in another larger city not far from its home base. The company base been in discussions with local government officials in Hangzou who want to initiate an aggressive plan to have more than 20K electric cars on the road within two years. Kandi believes that along with its … Read the rest
Kandi Technologies (KNDI) is reporting that following the grand opening of Jinhua City’s first battery charging and replacement farm, consumer sales of its all electric car have begun and the company immediately sold out of the first 20 that were available. The all electric Model KD5010 is aimed at city driving with a compact size and price tag of just under $6K. It aims to be a key component in the electric car revolution in … Read the rest