NewsRoom Articles - Page 98 of 128

FridayJul 02, 2021 3:12 pm

Fisker Plans to Make Fully Electric Pickup

Electric vehicles (“EVs”) have been crowned the zero-emission vehicles of the future, but that isn't always the case. Although battery electric vehicles (“BEVs”) produce zero emissions, mining the metals used in their lithium-ion battery packs has raised several environmental concerns. Additionally, the electricity used to charge the vehicles isn't always sourced sustainably, and there are questions about how effectively these batteries can be recycled or disposed of once they reach the end of their lives. Fisker Inc. (NYSE: SPAQ), the electric vehicle firm founded and led by billionaire Henrik Fisker, has recently announced that it will develop a “climate neutral”…

FridayJul 02, 2021 9:47 am

Ideanomics Inc. (NASDAQ: IDEX) Boosts EV Tractor Acquisition to 100 Percent, Anticipating Growing Potential for Environmental Awareness in Agriculture Industry

Despite the worldwide economic difficulties imposed by the pandemic during the past year, new efforts at electric vehicle adoption are on the rise Ideanomics recently announced 100 percent acquisition of EV tractor manufacturer and distributor Solectrac Inc., which will grant it premium positioning in the agriculture industry’s growing interest in zero-emissions vehicles Ideanomics is also celebrating the launch of Technology Metals Market (“TM2”) trading using Nasdaq's cloud-deployed matching technology for real-time pricing Consumer interest in reducing the harmful effects of pollutants on the earth’s climate globally has led to a resurgence of electric-driven automotive technology in the world’s marketplace for…

ThursdayJul 01, 2021 1:39 pm

A Look at Electric vs. Hydrogen Fuel Cars

After dominating the world's roads for a century, the internal combustion engine (“ICE”) has finally found a competitor that just might put it out of business. The world is finally waking up to the long-term effects of burning fossil fuels for decades, some would say a tad too late, and numerous countries are looking to phase out petrol and diesel-powered cars in exchange for alternative energy vehicles. Mostly comprised of electric vehicles (“EVs”) and hydrogen cell cars, these vehicles produce minimal to zero emissions at the tailpipe. Consequently, EVs are expected to play a big role in global efforts to…

WednesdayJun 30, 2021 1:46 pm

NIO Inc. (NYSE: NIO) Looks Overseas for Growth Opportunities

Tesla Inc. (NASDAQ: TSLA) may be the most prominent player in the young electric vehicle (“EV”) sector, but there are plenty of EV makers scrambling to snatch the top spot away from the Palo Alto, California-based EV maker. One of Tesla's major competitors is Chinese firm NIO Inc. (NYSE: NIO), which has been dubbed by some as the next Tesla. Although NIO was recently facing financial hardship, it has rebounded with critical government support, delivering a total of 43,000 electric vehicles in 2020 more than double the 20,000 built in 2019. Now, the Chinese electric vehicle giant has set its…

TuesdayJun 29, 2021 2:15 pm

US to Enlist Allies in the Quest for Battery Metals

Unlike the original automotive sector that grew organically over a century into what it is today, the electric vehicle (“EV”) market is expected to hit the ground running and achieve mass-market penetration in only a few decades. Electric vehicles run on rechargeable lithium-ion battery packs rather than internal combustion engines, and produce zero carbon emissions. However, their batteries are made using rare metals such as lithium, and presently, the United States barely has a supply chain that can provide these metals, with American EV makers and established automakers sourcing the metals from foreign supply chains. China, which is America's largest…

MondayJun 28, 2021 3:45 pm

Could Charging EVs Be as Fast as Refilling a Gas Tank?

Electric cars have been dubbed the next frontier of vehicular travel as countries around the world scramble to cut their carbon emissions in a bid to curb climate change. Instead of an internal combustion engine, electric vehicles (“EVs”) use a rechargeable lithium-ion battery coupled with an electric motor for power. Despite their obvious environmental benefits, not everyone is sold on electric vehicles, and slow charging rates are partly to blame. Unlike filling up a petrol or diesel-powered car, which can be done in as little as five minutes, electric vehicles take quite a while to recharge. Even with fast charging…

FridayJun 25, 2021 3:15 pm

How Fast Chargers Work in EVs

Battery electric vehicles (“BEVs”) are slated to replace conventional petrol and diesel-powered vehicles over the next couple of decades. However, despite producing zero emissions at the tailpipe and making electric vehicles (“EVs”) the perfect vehicle for a net-zero economy, internal combustion engine vehicles are still superior in some regards. Not only are they much easier on the pocketbooks compared to EVs, but they can also be fully refueled in just a few minutes, a feature that eludes most electric vehicles. Enter DC fast charging, an EV charging technology that allows electric vehicles to recharge their batteries up to 80% in…

FridayJun 25, 2021 1:16 pm

DSG Global Inc. (DSGT), Subsidiary IMC Unveil Array of New EVs at Experience Center Grand Opening Event

Quality, value, diversity hallmarks of EV grand opening event. IMC has existing inventory already on hand, doesn’t require substantial amount of capital before seeing profitability. Company offers affordable vehicles with emphasis on great design, a green mindset, performance and functionality. DSG Global (OTCQB: DSGT), an emerging global technology company with an array of interconnecting businesses in some of the fastest-growing market sectors, and subsidiary Imperium Motor Company (“IMC”) unveiled more than two dozen electric-powered vehicles at the grand opening of the Imperium Motors Experience Center in Fairfield, California (https://ibn.fm/BGwLh). Held June 18–19, the grand opening event included interviews, press coverage,…

TuesdayJun 22, 2021 3:08 pm

Pew Research Shows US EV Sector Growing Slower Than China’s

The past few years have seen the United States make commendable steps towards achieving its carbon emission goals. More people than ever are purchasing zero-emission electric vehicles (“EVs”), and several American automakers have unveiled several electric vehicle models, with some of them planning on going fully electric within the next few decades. In addition, the largest EV maker in the game is based in the U.S. However, America's nascent EV sector pales in comparison to China, which is the world's largest electric vehicle market, and recent research shows that the Chinese EV sector is growing at a faster rate than…

TuesdayJun 22, 2021 11:58 am

Ideanomics Inc. (NASDAQ: IDEX) Completes the Acquisition of US Hybrid Marking Entry into Burgeoning EV Powertrain Market

Ideanomics completed the acquisition of US Hybrid, a manufacturer and distributor of electric powertrain parts and fuel cell engines for medium and heavy-duty vehicles IDEX paid an aggregate purchase price of $50 million in cash and stock considerations The acquisition marked IDEX’s entry into the burgeoning EV powertrain market, which is expected to grow at a CAGR of 16% from 2020 to 2027 The growth is due to several favorable factors that also bode well for the operations of IDEX and US Hybrid Ideanomics also announced that US Hybrid had received orders from Global Environment Products (“GEP”) for a fleet…

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