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Bollinger Innovations Receives $1,074,035 for Vehicles Sold in August 2025; Company Continues Sales Momentum and Improves Cash Flow
Globenewswire· 2025-09-18 13:15
Core Viewpoint - Bollinger Innovations, Inc. has made significant progress towards cash flow breakeven with recent vehicle sales and cost reductions, indicating a positive trajectory for the company's future in the electric vehicle market [1][2]. Group 1: Financial Performance - The company received $1,074,035 for vehicles sold in August 2025, with payments from Pritchard Automotive and Ziegler Truck Group [1]. - The sale of vehicles on September 4, 2025, is part of a broader strategy to enhance revenue and achieve financial stability [1][2]. Group 2: Product Offerings - Bollinger Innovations' commercial EV lineup includes the Mullen One (Class 1 urban delivery EV cargo van), Mullen Three (Class 3 urban utility EV cab chassis truck), and Bollinger B4 Chassis Cab (Class 4 commercial truck) [3]. - All vehicles comply with U.S. Federal Motor Vehicle Safety Standards and environmental regulations, ensuring adherence to clean air emissions standards [4]. Group 3: Market Position and Strategy - The company has established a national sales network, including key partners like Ziegler Truck Group, which supports its vision for a sustainable transportation future [2][5]. - Bollinger Innovations operates a U.S.-based manufacturing facility in Tunica, Mississippi, and has a growing dealer network across various regions [5].
X @Bloomberg
Bloomberg· 2025-09-17 23:52
Funding - Dat Bike secured $22 million in funding [1] Market Dynamics - Dat Bike is competing with established players like Honda and Yamaha in the rapidly growing Vietnamese two-wheel EV market [1]
X @Bloomberg
Bloomberg· 2025-09-17 21:20
Chinese electric vehicle brands led by BYD are winning over European customers with sleek, high-tech models at competitive prices. Now, a startup is looking to muscle in on a more modest market: micro cars. https://t.co/0HgIXa7FZ3 ...
Why Is Wolfspeed Stock Jumping Today?
Yahoo Finance· 2025-09-17 19:28
Group 1 - Wolfspeed's shares increased by 5.8% amid a broader market decline, following a significant 115% surge over the past week due to news of its impending exit from Chapter 11 bankruptcy [1] - The bankruptcy court approved Wolfspeed's plan to eliminate $4.6 billion in debt, leading to a 70% reduction in total debt and a 60% decrease in annual interest expenses [2] - The company has received over 97% support from senior note holders and two-thirds of convertible note holders, anticipating a bankruptcy exit in a matter of weeks [3] Group 2 - Despite the positive developments regarding debt reduction, Wolfspeed faces challenges in the electric vehicle (EV) market, where sales are currently slowing [5] - The company's chips are well-suited for EV power requirements, but the recent decline in EV sales presents significant hurdles [5] - Investors are beginning to recognize these ongoing challenges, which may impact stock performance despite the recent euphoria surrounding the bankruptcy news [5]
Rivian ($RIVN) | Hyliion ($HYLN) | Wallbox ($WBX) | PowerBank ($SUUN)
Youtube· 2025-09-17 12:59
Group 1 - Riven has commenced construction on a new manufacturing plant in Social Circle, Georgia, aimed at producing the next generation R2 SUV and R3 crossover [1] - Vehicle production is scheduled to begin in 2028, with an anticipated annual capacity of up to 400,000 vehicles [2] - Hilleion's Carno power module has been classified by the EPA as not being an internal combustion engine, which means it will only need to meet local air permitting requirements for power generation [2] Group 2 - Wallbox has launched a large-scale EV charging park at Munich airport, installing 275 chargers as part of the airport's long-term e-mobility strategy [3] - The new charging model features advanced connectivity, modular design, and dynamic load management for efficient charging at high-traffic commercial sites [3] - Power bank is advancing three community solar projects in Nova Scotia, with interconnection results expected within 30 days and construction planned for spring 2026, representing about 12.4% of 4 megawatts of DC power [3][4] Group 3 - The community solar projects in Nova Scotia are among only four awarded under the program aimed at achieving 80% renewable energy by 2030 and net zero by 2035 [4]
X @The Economist
The Economist· 2025-09-17 01:00
Europe is becoming the main target of China’s electric-vehicle giants. Sharpened by ruthless competition at home, the Chinese can withstand the EU’s tariffs https://t.co/DQBHNDpMp2 ...
Rivian moves ahead with new plant in Georgia
Youtube· 2025-09-16 19:00
All right, welcome back. Let's talk cars. Rivian shares with a nice nearly 7% pop right now.Philippo speaking with their CEO at the site of a future factory that is going to keep pumping out their electric vehicle. So, is the CEO worried about the end of the federal EV tax credit. I heard earlier Philippo literally in a field ask the Rivian CEO that exact question and he joins us that with that and more down in Georgia.Phil, >> you know, Brian R. J. J.Scaring knows that the EV sales are going to slow down a ...
Nio Sends New ES8 SUVs To Dealers Ahead Of Launch
Benzinga· 2025-09-16 17:49
Group 1 - UBS upgraded Nio's stock rating from Neutral to Buy and increased the price forecast from $6.2 to $8.5 [1] - Nio has begun nationwide shipments of its third-generation ES8 SUV to retail locations in China ahead of its official launch [1][2] - The ES8 features a standard 100-kWh battery pack with a presale price starting at 416,800 Chinese yuan ($58,530), which is a 25% reduction from the previous model's base price [3] Group 2 - Nio's strategy of shipping vehicles before the official launch aims to accelerate deliveries and boost early sales momentum, similar to its approach with the Onvo L90 SUV [4] - NIO stock has gained over 28% in the past year, with shares trading higher by 7.09% to $6.950 recently [4]
Rivian Is Building a Georgia Factory in the Face of an EV Slump
WSJ· 2025-09-16 17:47
Core Viewpoint - The new plant is set to open in 2028 and will support the production of the company's R2 SUV and smaller R3 crossover models [1] Group 1 - The plant's opening is scheduled for 2028 [1] - The facility will focus on manufacturing the R2 SUV model [1] - The plant will also support the production of the smaller R3 crossover model [1]
Chinese new entrants now account for over 11% UK market: AutoTrader
Yahoo Finance· 2025-09-16 13:56
Core Insights - Chinese automakers have significantly increased their presence in the UK market, now representing over 10% of all new car inquiries, with JAECOO leading at a 6.2% market share [1][5] - The market share of Chinese new entrants has nearly tripled from 4.1% to 11% within eight months, indicating rapid growth [1][5] - The UK is becoming a strategic market for Chinese manufacturers due to lower import tariffs compared to the EU and US, with expectations for continued growth [4] Market Share Details - Apart from JAECOO, other notable new entrants include Omoda (2.2%), BYD (1.9%), Leapmotor (0.7%), and GWM (0.2%) [2] - Year-to-date market share growth based on leads shows JAECOO with a 2.4% increase, BYD with 2%, Omoda with 1.1%, Leapmotor with 0.3%, and GWM with 0.1% [2] Industry Developments - Changan's entry into the UK EV market is seen as a significant move, with ambitions for a large dealership network and competitive pricing against established brands like Tesla [3] - The UK Government's electric car grant has positively impacted consumer interest in EVs, leading to increased ad views for qualifying models [4] - Specific models like the Vauxhall Mokka Electric, Renault Scenic E-tech, and Renault 4 have seen ad view increases of 18%, 47%, and 21% respectively [5]