NewsRoom Articles - Page 108 of 129

TuesdayMar 09, 2021 11:00 am

Commercial Real Estate: The EV Sector Opportunity Hiding in Plain Sight

The nascent electric vehicle (“EV”) industry has presented an opportunity for sectors that weren’t traditionally associated with the automotive industry. Battery makers, for instance, are looking at a lucrative partnership with the EV sector for the foreseeable future, while tech companies such as Sony and Apple are slowly wading into the electric vehicle space as well. As demand for electric vehicles rises and green vehicles take over the roads, those in commercial real estate will be looking at a lucrative business opportunity: EV charging stations. Unlike conventional vehicles, which run on gas-powered internal combustion engines, electric vehicles are powered by…

MondayMar 08, 2021 2:41 pm

Ideanomics Inc. (NASDAQ: IDEX) Acquires 20% Stake in Italian Listed Electric Motorcycle Maker Energica

Ideanomics, Inc. (NASDAQ: IDEX) recently entered into an investment agreement promising to purchase over 6 million Energica ordinary shares using a subscribed-shares arrangement that priced each subscribed share at Euro 1.78 In total, IDEX would invest approximately 13 million dollars in the Italy-based manufacturer of all-electric high-performance motorcycles According to IDEX CEO Alf Poor, the investment was driven by Energica’s manufacture of high-performance products that produce zero emissions In 2020, Energica experienced a 187% increase in revenue compared to 2019, and there is high demand for Energica’s motorcycles in the U.S. Ideanomics (NASDAQ: IDEX), a global company focused on investing…

MondayMar 08, 2021 12:00 pm

Low-Cost Chinese EV Muscling Tesla Inc. (NASDAQ: TSLA) Out of Sales

Tesla (NASDAQ: TSLA) is facing stiff competition in China, its largest market for electric vehicles (“EVs”) after North America. The EV company has been the leading electric vehicle company globally for a while now, selling thousands of battery electric vehicles (“BEV”) across the United States, Europe, and China. However, the nascent EV industry has attracted plenty of companies that are giving Tesla a run for its money, especially in China, the world’s largest electric vehicle market. The Hong Guang Mini EV, a compact $4,500 EV developed by SAIC Motor, has proven a big hit in China. Last month, the budget…

FridayMar 05, 2021 1:30 pm

Jaguar Pledges to Be All Electric by 2025

With several countries across the world looking to replace the combustion engine vehicles on their roads with zero-emission electric vehicles, most automakers have had to go back to the drawing board to figure out how they will exist in a world without combustion engines. Nissan, for instance, jumped onto the electric vehicle (“EV”) bandwagon years ago with the Nissan Leaf, while automakers such as General Motors have invested heavily in EV startups while still others have started electrifying their own lineups. In that vein, Jaguar Land Rover has announced incoming changes to its Land Rover and Jaguar brands. Within the…

ThursdayMar 04, 2021 2:45 pm

EV Maker Lucid to Go Public after Completing $12B Deal

Lucid Motors, an American manufacturer of electric vehicles (“EVs”), is set to go public after completing a merger with Churchill IV Capital Corp. (NYSE: CCIV). The merger deal is worth $11.75 billion. The EV maker is run by Peter Rawlinson, who formerly worked as an engineer for Tesla Inc. (NASDAQ: TSLA). Lucid comes as the most recent EV maker to enter the IPO market at a time when investors are flocking to the electric vehicle sector after seeing the way in which the shares of Tesla have surged in the recent past. Another factor that is accelerating investor interest in…

WednesdayMar 03, 2021 1:45 pm

Solid-State Batteries Could Revolutionize EV Industry

Poised to take over the roads over the next few decades, battery electric vehicles (“BEVs”) run on clean energy and produce zero emissions at the tailpipe. The vehicles are powered by rechargeable lithium-ion (Li-ion) battery packs, similar to the batteries you see in electric appliances such as torches. EV makers and automakers are working round the clock to improve current li-ion designs to make them cheaper and more energy-dense. Although the technology is still quite young, some battery makers are looking to achieve something even more advanced, the solid-state battery. Traditional Li-ion batteries consist of solid anodes within a liquid…

WednesdayMar 03, 2021 11:20 am

Clean Power Capital Corp. (CSE: MOVE) (FWB: 2K6A) (OTC: MOTNF) Investee Company PowerTap Teams with Carbonomics to Build Credits Pathway

Holding company Clean Power Capital Corp.’s investee PowerTap, a hydrogen fueling innovator, has teamed with carbon energy credits expert Carbonomics to develop and maximize the company’s ability to use clean energy credits PowerTap is driven to establish a “hydrogen highway” for environmentally conscious motorists looking for an effective alternative fuel Clean Power Capital is a majority investor in PowerTap — a key part of Clean Power’s focus on building up health and renewable energy enterprises PowerTap’s next-generation hydrogen stations are also capable of generating electricity to help them continue to pump fuel during a power outage or even potentially power…

TuesdayMar 02, 2021 12:00 pm

Aptera Receives 7,000 Preorders, $4M for 1,000-Mile-Range Solar EV

Last year, US-based EV startup Aptera caused waves when it unveiled its prototype for a lightweight, super-efficient electric vehicle (“EV”) with a range of up to 1,000 miles. After folding back a bit, Aptera relaunched in 2020, revealing plans for a three-wheeled electric vehicle it claimed would never need charging, thanks to a solar array. Two months later, the San Diego, California, firm has raised $4 million in funding and received more than 7,000 reservations. Aptera was one of the first startups in the EV space back in 2006 when Tesla was still working on the iconic Tesla Roadster. However,…

MondayMar 01, 2021 2:25 pm

Study Shows EV Drivers Travel Less Than Other Drivers

Electric vehicles (“EVs”) are fundamentally different from conventional vehicles, running on a rechargeable battery pack rather than an internal combustion engine. New research has now uncovered that, compared to the average driver, EV drivers may also have different driving habits. At least according to a study of EV driving habits by researchers at the National Bureau of Economic Research (“NBER”). The researchers discovered that compared to conventional gas-powered vehicles, electric vehicles drive half as many miles per year. EV drivers put roughly 5,300 miles every year on their cars, half as many miles as the average driver travels per year.…

FridayFeb 26, 2021 12:30 pm

Ford Motor Co. (NYSE: F) Injects $1 Billion in Germany as It Targets EU Market for EVs

Several countries across the world have set green-energy targets as the race toward electrifying the roads heats up. European countries have set what are probably the most ambitious targets, consequently pushing automakers towards adopting green energy much faster. American car maker Ford Motor Co. (NYSE: F), for instance, has unveiled plans to spend $1 billion on modernizing a factory in Cologne, Germany, as it works towards its target of selling only electric passenger cars on the continent by 2030. According to the automaker, the plant will be overhauled and used to produce Ford’s first European-built, mass-volume electric passenger car starting…

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