AUSTIN, Texas, May 09, 2025 (GLOBE NEWSWIRE) -- Volcon Inc. (NASDAQ: VLCN) (“Volcon'', the “Company” or “we”), the first all-electric, off-road powersports company, today reported its operational highlights and financial results for the quarter ended March 31, 2025. Company Highlights: ● Sold all remaining Grunt EVO motorcycles in Q1● Signed amended and restated golf cart supply agreement with Venom-EV● Evaluating impact of tariffs on products In the first quarter of 2025, Volcon successfully sold all re ...

Group 1 - The Lixun Robot headquarters project has been signed to settle in Changshu Economic Development Zone, with an expected annual output value of 10 billion yuan upon reaching full production, aiding Changshu's transition from a "manufacturing city" to a "smart manufacturing city" [1] - The project covers an area of 66 acres with a total investment of 5 billion yuan, focusing on the research, manufacturing, and sales of industrial automation equipment and various robots, aiming to establish a comprehensive headquarters industrial base [3] - Lixun Precision Industry Co., Ltd. has seen a compound annual growth rate of 37% in its robotics business over the past three years, holding over 800 patents, and ranks 133rd in the 2024 Fortune China 500 list [3] Group 2 - Changshu Lixun, established in 2019, focuses on precision components for consumer electronics, core components for new energy vehicles, and smart mobile terminals, contributing significantly to Changshu's position in the Yangtze River Delta's smart manufacturing sector with an output value of 11.9 billion yuan in 2024 [4] - Changshu is actively developing new sectors and nurturing new dynamics, with Lixun's increased investment injecting strong momentum into the city's industrial transformation [4] - The city is creating innovation hubs such as the "Intelligent Computing Future City," which has attracted major projects from leading companies like Huawei and iFLYTEK, aiming to accelerate the integration of artificial intelligence across various industries [5] Group 3 - Changshu has a solid industrial foundation with over 14,000 industrial enterprises and a total industrial output value exceeding 490 billion yuan, with a projected GDP of 307.91 billion yuan in 2024 [5] - The city is focusing on three major innovation hubs to promote industrial transformation and upgrade, including the "中新昆承湖园区," "智算未来城," and "苏州.中国声谷" [5] - Changshu's government is committed to providing streamlined services for enterprise development and project construction, aiming for rapid project initiation and completion [4]

Core Insights - The female user base for electric two-wheelers has surged, now exceeding 45%, with projections to reach 55% by 2025, indicating a significant shift in consumer demographics [1][5] - Traditional brands have largely failed to address the real needs of female consumers, focusing instead on superficial design elements [1][4] - Ninebot's new Q series aims to fill this gap by addressing specific pain points for female riders, such as ease of use in challenging riding conditions [4][8] Product Features - The Q series includes models Qz1, Q3, Q5, and Q70c, which incorporate technologies like zero-force push mode and TCS traction control system to enhance safety and usability [1][4] - The zero-force push feature allows the bike to automatically assist in navigating steep inclines, addressing a common challenge for female riders [4][8] - The TCS system improves stability on slippery surfaces, while the SOS emergency call feature adds a layer of safety previously uncommon in two-wheelers [4][8] Market Positioning - Ninebot's approach represents a shift from traditional marketing strategies focused on aesthetics to a technology-driven model that prioritizes user experience [4][9] - The introduction of high-end features in the Q series at accessible price points challenges competitors to innovate beyond mere color variations [8] - The Q series is designed not only for women but also appeals to a broader audience, including commuters and students, thus expanding its market reach [8] Industry Impact - Ninebot's innovations set a new benchmark in the electric two-wheeler industry, demonstrating that the female market can drive technological advancements rather than being a niche segment [5][9] - The company's focus on integrating smart technology into the riding experience reflects a broader trend towards personalization and user engagement in the electric vehicle sector [4][9]

Financial Data and Key Metrics Changes - In Q1 2025, the company achieved a non-IFRS gross margin of 18.2%, an increase from 15.1% in the same quarter last year [20] - Operating expenses were reduced by $9,600,000, a decrease of 32.1% compared to Q1 2024 [7][20] - Adjusted net loss decreased by 36.5% to $10,900,000 from $17,200,000 in Q1 2024 [7] - Adjusted EBITDA increased to $14,300,000 in Q1 2025, up from $10,200,000 in Q1 2024, representing a 40% increase [17][20] - Total revenue dropped by 4.5% year-over-year on a constant currency basis [17] Business Line Data and Key Metrics Changes - The energy business recorded revenue of $34,500,000, reflecting a 6.2% growth year-over-year [8] - Hardware sales revenue was $29,100,000, down 21.8% year-over-year, attributed to a decrease in vehicle sales volume [19] - The total subscriber base reached 644,000, an 8% increase from 595,000 subscribers at the end of Q1 2024 [18] Market Data and Key Metrics Changes - The company anticipates that approximately 95% of its full-year revenue for 2025 will be generated from the Taiwan market [22] - The Taiwan two-wheeler market in 2025 is expected to remain at approximately 2024 levels [22] Company Strategy and Development Direction - The company aims to achieve breakeven in the energy business by 2026 and in the vehicle business by 2028 [6][22] - A focus on operational efficiency and cost optimization is expected to create approximately $25,000,000 in savings in 2025 compared to 2024 [21] - The company is exploring international expansion through partnerships, including a joint venture with Castro [11] Management's Comments on Operating Environment and Future Outlook - Management acknowledges challenges in the global macro environment, including market volatility and tariff issues [15] - The company remains focused on delivering predictable financial results and a clear vision for the future [5] - Management believes that advancements in charging technology are part of the broader ecosystem evolution and do not pose a direct threat to the battery swapping model [25][28] Other Important Information - The company transferred its listing from the NASDAQ Global Select Market to the NASDAQ Capital Market, gaining an additional 180-day grace period to regain compliance with NASDAQ requirements [31] - The company has received a new credit facility of approximately $61,500,000, indicating market confidence in its future plans [7] Q&A Session Summary Question: How does the company view advancements in fast charging technology? - Management recognizes rapid advancements in fast charging as beneficial for overall EV adoption but does not see them as a direct threat to the battery swapping model [25][28] Question: What are the plans regarding the transfer to the NASDAQ Capital Market? - The company gained a 180-day grace period to regain compliance with NASDAQ requirements and is focused on long-term stock performance rather than short-term gains [31][32] Question: What are the long-term growth plans for top and bottom lines? - The company anticipates breakeven in the network business by 2026 and expects significant operational leverage and profitability improvements thereafter [34][35] Question: Is the current operating efficiency model sustainable and scalable? - Management believes the current operating efficiency model is sustainable and scalable, with a strong foundation for growth beyond breakeven [39][40]

KH Group PlcPress Release 8 May 2025 at 3:00 pm EEST KH Group: Indoor Group updated its financing agreement KH Group’s subsidiary Indoor Group has updated its agreement with the financing provider. In accordance with the updated agreement the financing provider will not demand the repayment of loans, provided that certain conditions are met. The validity of the agreement has been extended until 31 August 2025. The parties have engaged in negotiations on the terms of validity of Indoor Group's financing for ...

Core Insights - Gogoro Inc. reported its financial results for Q1 2025, highlighting a focus on operational efficiency and a commitment to profitability milestones [3][4][14] Financial Performance - Total revenue for Q1 2025 was $63.6 million, a decrease of 8.7% year-over-year, and down 4.5% on a constant currency basis [4][7] - Battery swapping service revenue was $34.5 million, an increase of 6.2% year-over-year, while hardware and other sales revenue was $29.1 million, down 21.8% year-over-year [7][8] - Gross margin was 4.9%, down from 6.4% in the same quarter last year, while non-IFRS gross margin improved to 18.2% from 15.1% [5][7] - The net loss for Q1 2025 was $18.6 million, compared to a net loss of $13.1 million in the same quarter last year [10][11] Operational Efficiency - The company has implemented cost optimization initiatives, resulting in a projected savings of approximately $25 million in 2025 compared to 2024 [13] - Operating expenses decreased significantly, contributing to an adjusted EBITDA of $14.3 million, up from $10.2 million in the same quarter last year [11][12] Subscriber Growth - Total subscribers for the battery swapping service reached 644,000, an increase of 8% from 595,000 subscribers year-over-year [8] Future Outlook - Gogoro maintains a revenue forecast for 2025 between $295 million to $315 million, with expectations for profitability in its battery swapping business by 2026 and hardware sales by 2028 [14][13]

Core Viewpoint - The launch of 30 strategic pilot projects by China's National Development and Reform Commission (NDRC) and the National Energy Administration (NEA) marks a significant shift in energy strategy, integrating electric vehicles (EVs) into the national grid through Vehicle-to-Grid (V2G) technology, transforming EVs into decentralized energy assets [1][2]. Group 1 - The V2G technology will enable a two-way power flow between electric vehicles and the national grid, enhancing the resilience of the energy system [2]. - By 2030, the total energy capacity empowered by V2G technology in China is expected to reach 26.5 times the level of 2025, positioning the national EV fleet as a key distributed energy resource [1][2]. - This capacity will significantly improve grid stability and accelerate the integration of renewable energy sources [1][2]. Group 2 - The strategic integration of electric vehicles with the grid represents a decisive step towards a sustainable, digital-enabled, and renewable energy-supported future in China [2]. - Automotive industry participants must proactively position themselves within this new ecosystem, where electric vehicles are critical assets for grid stability and renewable energy integration [2].

5月1日，首届浙江(杭州)国际时尚体育周活动盛大启幕，Vala受邀成为首届浙江(杭州)国际时尚体育周 黄龙体育品牌"友好合作伙伴"，参与"黄龙，潮"运动潮流装备趋势发布会及房车(露营装备)集结活动环 节，成为现场一大焦点。 此前，作为新能源多功能升顶"小房车"的Vala，甫一面世就获得市场关注。此次受邀参与，不仅体现出 行业对其产品创新力与品牌理念的高度认可，也标志着房车这一曾经的小众品类，正在被重新定义并引 入主流消费视野。 在活动现场，Vala精心布展的14台主题"小房车"成为现场人气中心。每一台车辆都融合了不同的生活场 景与情感需求：有专为创业青年打造的"摆摊车"，其自带展示与储物空间；有满足亲子家庭周末出游 的"亲子车"，内部温馨舒适；还有DIY潮流贴膜的"创意车"，搭载了创新、时尚、潮流等概念，潮酷十 足。 可以看到，Vala所代表的不仅是一个具备产品力的户外装备品牌，更是一种顺应时代节奏的城市-户外 生活方式解决方案。从房车代表的移动生活出发，Vala正在描绘出都市人与自然重新联结的愿景。 正如此次亮相所传递出的信号：城市潮流已不再局限于服饰与配件，生活方式本身，正成为新的时尚表 达。而以Vala ...

Core Insights - OPENLANE, Inc. reported a strong start to 2025 with a 7% increase in revenue, reaching $460 million, and a significant growth in adjusted EBITDA to $83 million, reflecting an 11% year-over-year increase [2][8] - The company generated $123 million in cash flow from operations, marking a 22% increase year-over-year, indicating strong cash generation capabilities [2][8] - OPENLANE's income from continuing operations saw a remarkable 99% growth, amounting to $37 million, and net income also doubled to $36.9 million compared to the previous year [8][14] Financial Performance - Revenue for the first quarter of 2025 was $460 million, up from $429.9 million in Q1 2024, driven by a 10% growth in the marketplace segment [8][13] - Adjusted EBITDA for the quarter was $83 million, compared to $74.8 million in the same period last year [8][19] - The company reported a net income of $36.9 million, or $0.18 per diluted share, compared to $18.5 million, or $0.05 per diluted share, in Q1 2024 [14][26] Guidance and Strategic Initiatives - OPENLANE is maintaining its annual guidance for 2025, projecting income from continuing operations between $100 million and $114 million, and adjusted EBITDA between $290 million and $310 million [3][28] - The company has authorized a new share repurchase program of up to $250 million, replacing the previous program which had approximately $100 million remaining [7][8] - The divestiture of the automotive key business in December 2024 is reflected in the current guidance, indicating a strategic shift in focus [5][6] Market Position and Outlook - CEO Peter Kelly emphasized the differentiation and growing value of the OPENLANE brand among its customer base, indicating confidence in the company's long-term growth potential [2] - The company is actively monitoring potential impacts from tariffs and is prepared to adapt to changing market conditions, showcasing its resilient business model [2][6]

 Recent Operating Highlights: Continued momentum in the automotive sector, reaching a milestone of executing successful DriveMod Tugger deployments at various stages with five major automotive OEMs and Tier-1 suppliers across the U.S. and Mexico. Signed a contract to deploy a DriveMod Tugger at a global Fortune 500 automotive supplier. Secured its 22nd U.S. patent for AI-powered autonomous vehicle technologies. Cyngn received approximately $308k of new bookings for DriveMod vehicles from direct sales during ...