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.
Chrysler showed … Read the rest
UQM Technologies announced today that it received 2.62 million in orders (double the amount over the same period last year) for its propulsion motors, generators and power electronic controllers to drive both electric and hybrid electric vehicles.
“We continue to see growing interest in our technology and products in a variety of applications and markets driven by high fuel prices and the resulting demand by consumers for fuel-efficient vehicles,” said William G. Rankin, UQM Technologies’ … Read the rest