Toyota Motors (TM) and Tesla Motors announced this morning that they are partnering to produce Tesla electric cars in a recently closed Toyota/GM plant in Fremont, California. The plant was closed just a few weeks ago, taking 4,700 jobs with it, but reviving the plant is good news at least for a portion of the workers. When production begins in 2012, about 1000 workers will be needed.
Tesla currently sells the Roadster, but the new … 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.
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In a press release Mr. Xiaoming Hu, Chairman and CEO of the … Read the rest
Valence Technology (VLNC) is popping back up above the buck level today on news it’s providing its lithium battery storage systems for the new Mercedes eVito electric taxis in London. Mayor Boris Johnson has visions of a pollution free London and wants to provide a fleet of electric taxis in time for the 2012 Olympic Games. Road testing of the taxis will begin right way.
“This is a real game-changer for fleet vehicles,” said Robert … Read the rest
UQM Technologies (UQM) has received an order from Quantum Fuel Tech (QTWW) for its high efficiency electric drive system to power a postal service electric vehicle which is currently in development. A successful demonstration following a one year development program could lead to widespread adoption by the postal service for its fleet of 178K .. not to mention a great revenue source for both UQM and Quantum.
“We are pleased to be selected by Quantum … 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
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
Kandi Technologies (KNDI) which is ramping up production of its all electric COCO vehicle and made its first sale to the China postal service last week, reported earnings this morning that were about flat with the year ago quarter. The company says that the impact of the global recession is slowing which will be good for the company, but they continue to focus on China where the recovery is moving faster. They did acknowledge … Read the rest
Kandi Technologies (KNDI) is announcing this morning that it has sold the first 30 of its all electric COCO super minis in China to the local postal service in Jinhua City.
The CEO called it a milestone event that could represent the beginning of a long relationship with the Postal Service in China nationwide. The government has urged other public services to upgrade their vehicles as well to cleaner, fuel efficient options, so there are … Read the rest
Deutsche Bank is initiating coverage on Ener1 Inc. (HEV) this morning with a Buy rating and price target of $11.
Hat tip to StreetInsider.com for the following analyst comment:
“Ener1’s technology is highly regarded, it has a strong management team, and we expect it to have similar capacity to its primary US competitors (i.e., JCI, A123, LG Chem) through mid-decade. Most importantly, the company has contracts that should generate an annual run-rate of $150+ million … Read the rest
Nissan (NSANY) is making headlines this weekend with the unveiling of its version of the electric car, the LEAF. They probably won’t win any awards for the name of the car which according the press release embodies the air cleaning, purity qualities of a leaf by removing the emissions portion of the driving experience. Not the prettiest thing either.
Name and looks aside, the vehicle sounds impressive. The zero emission vehicle (well.. not exactly … Read the rest