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
Raser Technologies just announced that it will be delivering the first of its extended range electric fleet trucks to PG&E next year. The electric trucks use a combination of lithium-ion batteries and an onboard, gasoline powered generator called a “range extender.”
Raser also plans to offer the E-REV powertrain used in these vehicles in popular GM and Ford trucks and SUVs.
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In a press release, … Read the rest
NRG Energy just announced that it plans to offer an unlimited electric car charging plan to its Texas customers. Starting next year, Houston residents will be able to sign up for the plan, which will cost $60-80 per month and allow unlimited charging at home and at charging stations throughout the city. It also includes the cost of leasing a home charging station and emergency charging for drivers who get stranded.
By the middle of … Read the rest
Toshiba announced today it will begin construction to expand capacity at a plant in Houston, Texas and begin production on drive motors for Ford Motor (F) hybrid and electric cars the following year. The plant will be the first phase of production in the US for electric car drive propulsion systems which it currently manufacturers in Japan. The company is expanding its manufacturing capacity which includes production of on board control systems to batteries, inverters … Read the rest
UQM Technologies just announced that they have a one-year agreement with Electric Vehicles International LLC (EVI) to supply EVI with supply upgraded UQM(R) PowerPhase(R) 150kW electric propulsion systems. EVI plans to use the propulsion systems in their new all-electric medium-duty trucks and walk-in vans. The systems will be delivered between June and October of 2010.
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In a press release, William G. Rankin, UQM Technologies’ President and … 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
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
UQM Technologies just announced that they have signed a 10-year agreement to provide UQM® PowerPhase®100 electric propulsion systems to Coda Automotive. Under the agreement, Coda will purchase 20,000 propulsion systems in the first two years, to be used in the company’s upcoming 4-door, 5-passenger, all-electric sedan. The sedan will be released in California in the middle of next year. It has a 5 star crash rating and can travel 90 to 120 miles on a … Read the rest
Aerovironment (AVAV) is pushing higher in after hours trading after beating both EPS and revenue estimates by a small margin. While EPS came in 10% lower than the year ago quarter, it did beat analyst estimates by a penny a share. Revenues increased 18% over the year ago quarter and also beat estimates (by about 5%). The company attributed the revenue increase to stronger sales in the Unmanned Aircraft Systems (up $9.4 million) and Efficient … Read the rest
The Obama administration is announcing this morning that it’s providing billions to Ford, Nissan and Tesla Motors for the development of hybrid and electric vehicles. Ford will receive the bulk of the $8 billion allotted, which is the first chunk of loan commitments provided as part of the DOE’s Advanced Technology Vehicles Manufacturing program to further the advancement of fuel efficient vehicles in the US. Ford will use the cash to transform factories in Illinois, … Read the rest