Core Viewpoint - Mullen Automotive Inc. has signed a Partnership and Supply Agreement with Enpower Greentech Inc. to manufacture and deliver advanced semi solid-state batteries (SSB) for various commercial and industrial applications, marking a significant step in Mullen's strategy to enhance its domestic battery production capabilities [1][2][3]. Group 1: Partnership Details - The agreement focuses on the domestic manufacturing of SWIFT SSB modules and battery packs at Mullen's Battery Center in Fullerton, California, which is equipped with three production lines for lithium-iron-phosphate (LFP) battery modules [2]. - Mullen aims to ramp up its engineering staff to achieve full production and implement this technology by early 2026 [2][5]. - The partnership is expected to reduce supply chain vulnerabilities and mitigate increased costs due to tariffs, aligning with Mullen's vision of providing domestically produced battery solutions [3][4]. Group 2: Battery Technology and Manufacturing - EGI's SWIFT Series SSB Cells utilize advanced silicon-anode-based technology, offering twice the energy density, ultra-fast charging capabilities, and extended cycle life compared to traditional batteries [4]. - EGI plans to start domestic manufacturing of these batteries in late Q3 2025 at its facility in Ann Arbor, Michigan, with plans to expand manufacturing capacity throughout 2026 [4]. - The SWIFT cells have been tested and validated by leading U.S. automotive OEMs and drone manufacturers, indicating strong market acceptance [4]. Group 3: Company Background - Mullen Automotive is focused on building the next generation of commercial electric vehicles (EVs) and operates two vehicle plants in the U.S., with production of commercial vehicles having commenced in August 2023 [8]. - The company has developed a commercial dealer network consisting of seven dealers across key U.S. markets, enhancing its sales and service coverage [8]. - Mullen's acquisition of Bollinger Motors has further strengthened its position in the EV market, with Bollinger's Class 4 electric truck production launched in September 2024 [9].

Electric trucking company Harbinger has filed an objection to the sale of Canoo's assets to its CEO, potentially throwing a wrench into the two-month-old bankruptcy case. Harbinger's objection, filed late Friday, accuses Canoo of hiding certain assets from the sale process, including what the startup purchased from another bankrupt EV company, Arrival. It also accuses Canoo of listing assets that Harbinger believes the startup did not actually own (though it did not specify which ones). Harbinger said it ca ...

Workhorse Group, Inc. (WKHS) Q4 2024 Earnings Conference Call March 31, 2025 10:00 AM ET Company Participants Rob - Conference OperatorStan March - Investor RelationsBob Ganan - CFORick Douk - CEO Rob Greetings. Welcome to the Workhorse Group's fourth quarter and full year 2024 earnings call. At this time, all participants will be in listen-only mode. A question and answer session will follow today's formal presentation. If anyone should require operator assistance, please press star zero from your telephon ...

Xos, Inc. (XOS) Q4 2024 Earnings Conference Call March 28, 2025 04:30 PM ET Company Participants Conference Call Operator - OperatorDavid Slaciu - General CounselDakota Semler - Chief Executive OfficerGiordano Sordoni - Chief Operating OfficerLiana Pagosian - Acting Chief Financial OfficerConference Call Moderator - Moderator Conference Call Participants Craig Irwin - Analyst, Roth Capital PartnersMike Schliske - Analyst, D.A. DavidsonTed Jackson - Analyst, Northland Securities Conference Call Operator Good ...

Understand the significant growth trajectory of the Passenger Cars End-Use segment, which is expected to reach US$31.1 Billion by 2030 with a CAGR of a 21.4%. The Commercial Vehicles End-Use segment is also set to grow at 18.5% CAGR over the analysis period. Gain insights into the U.S. market, valued at $3.6 Billion in 2024, and China, forecasted to grow at an impressive 19.5% CAGR to reach $6.4 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Paci ...

8.苹果本周将举行百大高管会议：AI危机将成重点话题 要闻提示 NEWS REMIND 1."二公主"姚安娜首次代言华为手机，余承东抛悬念：新机不止是手机华为，概念股集体拉涨 2. 阿里1688全面取消"仅退款"，年度活跃买家数突破1亿，联合工厂推出"源选"新业务 3. 比亚迪发布史上最快充电！闪充5分钟续航400公里，王传福：充电和加油一样快 4. 小米手机成国补最大受益人，王腾揭秘：终坚高性价比、独有的线上线下同价 5.曝刘强东现身香港科技大学，参观人工智能项目 6.百川智能两位联合创始人被曝离职，均开启AI领域创业 7.微软量子计算机研发曾遭CEO否定，成果真实性引争议 今日头条 HEADLINE NEWS 阿里1688全面取消"仅退款"，年度活跃买家数突破1亿，联合工厂推出"源选"新业务 3月17日，阿里巴巴集团旗下平台1688在"好生意大会"公布，3月下旬开始，全面取消"仅退款"。平台在处理商品品质问题的交易纠纷时，将根 据账号诚信情况来判定，符合要求的将由平台出资补贴给买家。商家无需承担相关费用，补贴完成后，商品无需退回，其他的退款申请交由商家自 主处理。 此前，快手已于去年12月2日正式终止"退 ...

Core Viewpoint - J.P. Morgan analyst Bill Peterson maintains an Overweight rating on EVgo Inc., while reducing the price forecast to $5 from $6, indicating confidence in the company's potential for substantial revenue growth despite current challenges [1][4]. Revenue Growth Drivers - EVgo's anticipated revenue growth is attributed to increased charger utilization, higher charge rates, and an expanding network footprint, potentially supported by a Department of Energy loan, even amid slower EV adoption rates [2]. Strategic Partnerships - The company has established valuable partnerships with car OEMs, ride-share services, and autonomous driving fleets, positioning itself favorably in the evolving electric vehicle market [2]. Market Challenges - Despite a modest recovery in market share, EVgo faces challenges due to concerns over Trump's economic policies, the future of EV funding programs like the IRA/BIL, and the safety of its Department of Energy loan [3]. Investor Sentiment - Investor sentiment remains cautious due to fears of "dilutive capital" needs and uncertainties surrounding EV incentives and loan security, with stock stabilization expected only after clarity on these issues [4]. Financial Estimates - FY25 revenue estimates have been lowered to $350 million from $354 million, while FY26 revenues are projected to increase to $475 million from a previous estimate of $436 million [4]. Stock Performance - EVGO shares are currently trading lower by 2.59%, at $2.445 [5].

Shares of Lucid Group (LCID 2.87%) were losing momentum early in the year, but not many expected the stock to fall so much so soon. An unexpected turn of events sent the electric vehicle (EV) stock plunging 19.6% in February, according to data provided by S&P Global Market Intelligence. Lucid stock has now lost almost 30% value so far in 2025, as of this writing.Lucid reported strong numbers, but its CEO also quitAfter announcing a new chief financial officer in January, Lucid announced another major change ...

Core Insights - Canoo's CEO, Anthony Aquila, is purchasing nearly all of the company's assets out of bankruptcy for $4 million, which will also eliminate over $11 million in debt owed to his financial firm [1][3] - The bankruptcy filing occurred just six weeks prior, with Canoo reporting approximately $145 million in assets and $175 million in liabilities as of February 24 [2][3] - The bankruptcy trustee supports the sale to Aquila, citing a lack of financing for EV manufacturing and a surplus of EV-related assets available at low prices [4][5] Financial Overview - Canoo's assets include manufacturing equipment, completed vehicles, intellectual property, contracts, and other inventory [5] - The company had around $12 million in cash and equivalents at the time of the bankruptcy filing [3] - Other creditors, such as automotive supplier Magna and financial advisors Yorkville, are owed significant amounts but are behind Aquila's claims in the repayment hierarchy [9] Market Context - The EV startup landscape has seen failures, leading to a surplus of assets available at discounted prices [5] - The trend of founders or CEOs purchasing their bankrupt companies' assets is not uncommon in the EV sector, with similar cases observed in 2023 [7] Future Considerations - Aquila's motivation for the acquisition includes a commitment to continue supporting government programs, which may be jeopardized without assurance of service continuity [6] - The plans for Canoo's assets post-acquisition remain unclear, as Aquila has not provided comments on the matter [8]

Core Viewpoint - Lucid Motors' stock has declined over 10% following the downgrade by Bank of America and the unexpected departure of CEO Peter Rawlinson, raising concerns about the company's future direction and product development [1][3]. Company Leadership - Peter Rawlinson, who was pivotal in Lucid's operations and public listing, has left the company, creating uncertainty among investors and analysts [2][3]. - Interim CEO Marc Winterhoff aims to maintain the company's trajectory and focus on increasing vehicle production, reducing losses, and enhancing customer awareness [4][5]. Financial Performance - Lucid reported a net loss of $636.9 million for the fourth quarter, equating to a loss of $0.22 per share, on revenues of $234.5 million [7]. - The company's GAAP gross margin improved to negative 114% in 2024 from negative 225% in 2023, indicating progress in narrowing gross losses [6][7]. Product Development - The company continues to produce the Air sedan while ramping up production of the new Gravity SUV, with customer orders for Gravity starting in Saudi Arabia [8][9]. - A new midsize vehicle platform is under development, expected to launch by the end of 2026, which is deemed critical for growth [9]. Marketing Strategy - Winterhoff plans to significantly increase marketing efforts to boost customer awareness as production scales up [11]. - Selling, general, and administrative expenses reached $900 million in 2024, with a notable increase in sales and marketing expenses [12]. Technology and Partnerships - Lucid's Air model has faced criticism for lacking advanced driver-assistance systems compared to competitors, but a new hands-free driving system is expected to be released later this year [13]. - The company is recognized for its battery efficiency and is in discussions to sell its battery technology to other firms to enhance revenue [14].