AeroVironment just announced that it will be cooperating with Nissan and the District of Columbia to set up an electric car infrastructure in DC. The plan is to build a network of AeroVironment’s PosiCharge charging stations for the city’s fleet of electric vehicles, and make them available to regular citizens to encourage them to buy electric cars of their own.
Advanced Battery Technologies (ABAT), which recently acquired Wuxi Autocycle to break into the electric bike biz is providing some financial guidance for Wuxi with 3 year projections. ..
Wuxi currently has 4 production lines in operation with production capability of 100 vehicles per day per line but is currently operating at lower than 20% of total capacity.
For the period of May through December of 2009, the company believes Wuxi will contribute revenue of $35.0 … Read the rest
Popular Mechanics selected UQM Technologies ‘ 125 electric propulsion system to power their Eco+Muscle hybrid Dodge Challenger R/T car. The project involved modifying a normal Dodge Challenger to include 2 separate powertrains: a combustion engine for highway use and an electric propulsion system for in-town use.
So, how did UQM’s electric motor perform? According to this story on Alternative Energy News, the mechanics that worked on the project were pleasantly surprised:
Borg Warner (BWA) is a key auto parts supplier for hybrid and electric cars and its technologies power all five vehicles in the Green Car Journals top 5 finalists for 2009 Green Car of the Year. Its regulated 2 stage and variable turbine geometry turochargers, pressure sensor glow plugs, Instant Start Systems, DualTronic clutch and control modules and traditional transmission components are a few of the technologies featured in the BMW 335d, Ford Fusion Hybrid, … Read the rest
UQM Technologies (UQM), the developer of parts for electric cars announced results after the bell today posting a loss of .06/share, widening the loss from the year ago quarter by .02. Revenues increased to 2.78 million in the quarter from revenue of 2 million in the year ago quarter, but the company was hurt this quarter on rising expenses.
Said the CFO, “Production engineering expense for the quarter rose 20 percent to $485,369, reflecting a … Read the rest
Borg Warner (BWA) is announcing this morning that they expect $2.1 billion in new business (80% coming from Asia and Europe) over the next 3 years despite a horrendous global auto industry. The company is a key player in the auto fuel efficiency revolution with its gas/diesel turbochargers and dual transmission technology driving the company’s growth.
“While the current economic crisis is expected to slow near-term, global auto sales, climate change and fuel economy remain … Read the rest
Toyota Motors (TM) has taken a beating along with the rest of the market over concerns of a crumbling global economy, but with the move to hybrid and electric cars well underway and expected to continue (despite a temporary decline in fuel prices) Toyota will continue to benefit big as a leader in the fuel efficiency revolution.
Is it time to take a look at Toyota as an investment? The stock is now trading about … Read the rest
While the rest of the green energy market crumbles along with the general market, there are a few green stocks quietly showing strong technical action. One such company is Ener1 (HEV), the maker of lithium batteries for electric cars. A few days ago it broke out of a double bottom base and is now forming a handle as volume levels indicate good demand for the stock. A breakout from the handle above 8.50 and a … Read the rest
UQM Technologies (UQM) is soaring over 50% today on no news, but StreetInsider.com is reporting that it might have something to do with speculation that Chrysler will be using a UQM product in one of its upcoming electric cars, scheduled to start shipping in two years. It’s a bit strange though because the Wall St journal reported yesterday that Chrysler is in advanced talks with A123 Systems, which is planning to IPO soon.
Quantum Fuel Systems (QTWW), a leader in the development and production of advanced propulsions systems, energy storage technologies and alternative fuel vehicles reported earnings this morning much lower than what analysts had been expecting.