NewsRoom Articles - Page 98 of 119

WednesdayMar 17, 2021 3:00 pm

FedEx Corp. (NYSE: FDX) Pledges to Deploy only EVs by 2040

With climate change and its long-term effects becoming more apparent, several countries around the world have set ambitious green energy targets. Electric vehicle (“EV”) startups such as Tesla and established automakers such as Toyota showed that zero-emission energy vehicles were a viable mode of transport, kicking off a mass shift from internal combustion engine (“ICE”) vehicles to battery electric vehicles (“BEVs”). Consequently, several companies have committed to replacing their fleets with EVs in a bid to reduce their carbon footprint. FedEx (NYSE: FDX) is the latest company to announce that it will swap its gas-powered vehicles for zero-emission electric vehicles.…

MondayMar 15, 2021 2:45 pm

February Data Shows Automaker Cutting into Tesla Inc.’s (NASDAQ: TSLA) EV Market Share

Ever since Tesla Inc. (NASDAQ: TSLA) released the Roadster back in 2008, the electric vehicle (“EV”) startup has been at the top of the electric vehicle sector. Following the Roadster up with the ultra-successful Model 3 and the Model Y, Tesla quickly became the most valuable car company in the world, beating out industry giants such as Toyota. However, the EV maker has been seeing plenty of competition from several EV startups recently, as well as established automakers for the past few years, making its tenure at the top precarious. This year, Tesla’s sales in the United states, its largest…

MondayMar 15, 2021 2:32 pm

Ideanomics Inc. (NASDAQ: IDEX) Expands Global EV Footprint with Energica Investment, CALSTART Membership

The acquisition of 20% of Energica Motor Company S.p.A. compliments majority-owned Treeletrik’s business in the ASEAN market and continued investment in European-based OEM CALSTART will assist in growing Ideanomics’ wholly-owned subsidiaries – enhancing national and global programs Ideanomics Mobility is a part of a global commercial EV market expected to surpass $132 billion by 2022 Ideanomics (NASDAQ: IDEX), a global company that is facilitating the adoption of commercial electric vehicles and supporting next-generation financial services and fintech products, recently announced that it had acquired 20% of Energica Motor Company S.p.A. (“Energica”) for a consideration of $13.2 million. Energica develops 100%…

FridayMar 12, 2021 3:00 pm

Mississippi Considers New Legislation to Boost EV Charging Stations in Jurisdiction

With several countries across the world looking to replace internal combustion engine (“ICE”) vehicles with zero-emission electric vehicles (“EVs”) over the next couple of decades, the need for public electric vehicle charging stations is at an all-time high. But these charging stations are still in short supply, meaning most people who purchase EVs often have to rely on home or office chargers. EV owners in Mississippi, for instance, may have a particularly difficult time because the state has among the fewest electric vehicle charging stations in the country. Most of the charging stations in Mississippi are in the largest cities…

WednesdayMar 10, 2021 2:15 pm

Retired EV Batteries Find New Uses on Farms, in Factories

Unlike conventional gas-powered vehicles that run on an internal combustion engine (“ICE”), electric vehicles (“EVs”) are powered by rechargeable lithium-ion battery packs. EV battery technology is still relatively new, and battery makers, as well as EV firms, are working to develop designs that are cheaper, more energy dense and last longer. However, rechargeable EV batteries will degrade over time and after ten or 20 years, most EV owners have to replace the battery pack. So where do these used batteries go? They usually still maintain around 70–80% of their original capacity at this point. Although this isn’t enough to power…

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…

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