NEW YORK, April 29, 2025 (GLOBE NEWSWIRE) -- Pony AI Inc. (“Pony.ai” or the “Company”) (Nasdaq: PONY), a global leader in achieving large-scale commercialization of autonomous mobility, today announced that it will report its unaudited financial results for the first quarter 2025 before the U.S. market opens on Tuesday, May 20, 2025. The Company’s management will hold an earnings conference call on Tuesday, May 20, 2025, at 8:00 A.M. U.S. Eastern Time or 8:00 P.M. Beijing/Hong Kong Time on the same day. For ...

Shares of WeRide (WRD -4.83%) saw another day of big sell-offs Monday as investors continue to bet on a rival. The company's share price closed out the daily session down 5.5%, and the stock had been off as much as 14.3% earlier in today's trading. Shares for rival Pony AI jumped 47.2% in the session. Rapid gains for Pony stock on the heels of recent tech announcements have corresponded with big sell-offs for WeRide. While Pony stock is now up 143% over the last month, WeRide is down 22%. WeRide stock conti ...

Core Viewpoint - A mysterious investor from London, Charles Garson, is contesting the sale of EV startup Canoo's assets to its CEO, claiming the process was flawed and that his offer of $20 million is significantly better than the CEO's bid of $4 million in cash [1][2]. Group 1: Investor's Offer - Charles Garson offered $20 million for Canoo's assets, which he claims is a "far superior offer" compared to CEO Anthony Aquila's bid of $4 million in cash [2]. - Aquila's bid also includes the cancellation of approximately $11 million in loans owed to his financial firm [2]. - Garson was informed by the bankruptcy trustee that his offer would be considered, and he had until the end of April to finalize details [2][6]. Group 2: Legal Proceedings - Garson's lawyer filed a motion to vacate the sale, asserting that the trustee moved forward with the sale to Aquila without properly considering Garson's offer [2][7]. - Harbinger Motors, an EV trucking startup formed by former Canoo employees, also objected to the sale, but the bankruptcy judge overruled their objection, leading to an appeal [3]. Group 3: Background on Investor - Very little information is available about Garson, who is based in London and involved in real estate investments, serving as a director of Garland Holdings Limited [4]. - The motion to vacate does not clarify Garson's interest in Canoo or whether other investors are involved [5]. Group 4: Sale Process Concerns - The bankruptcy trustee reportedly did not respond to requests for comment regarding the sale process [2]. - Up to eight parties evaluated Canoo's assets prior to the sale, with some concerns raised about foreign ownership related to one of the bidders [8].

ONTARIO, Calif., April 28, 2025 /PRNewswire/ -- Nature's Miracle Holding Inc. (OTCQB:NMHI) ("Nature's Miracle" or the "Company"), a leader in vertical farming technology, today announced that the Company has entered into an agreement to purchase five EV trucks with ZO Motors North America, LLC ("ZO Motors"). This purchase is expected to be fulfilled by the 2nd quarter of 2025 and will be financed by the State of California electric vehicle rebate program. Nature's Miracle will modify these EVs into Mobile V ...

Francesco Polsinelli, Tel: +39 335 1776091 Fabio Lepore, Tel: +39 335 7469007 E-mail: mediarelations@ivecogroup.com Investor Relations: Federico Donati, Tel: +39 011 0073539 E-mail: investor.relations@ivecogroup.com The related press release and presentation will be posted on the corporate website at www.ivecogroup.com on Thursday, 15 May 2025. For those unable to take part in the live session, a replay will be available in the Investors section of the company website (www.ivecogroup.com) following the conf ...

Core Insights - MarineMax, Inc. (NYSE: HZO) is navigating a cautious macroeconomic environment while reporting strong fiscal Q2 earnings [1] - The company has reduced its FY2025 guidance despite the strong earnings performance [1] Financial Performance - MarineMax reported strong fiscal Q2 earnings, indicating resilience in its operations [1] - The specifics of the earnings report were not detailed, but the overall performance was characterized as strong [1] Future Outlook - The company has slashed its FY2025 guidance, suggesting a more conservative outlook moving forward [1]

Needham analyst Quinn Bolton reiterated the Buy rating on Mobileye Global Inc. MBLY, lowering the price forecast from $20 to $18.On Thursday, the company reported first-quarter revenue growth of 83% year-on-year to $438 million, beating the analyst consensus estimate of $435.2 million. Adjusted EPS of 8 cents was in line with the analyst consensus estimates. The analyst highlighted several positives from the quarter, including strong design win momentum, such as Mobileye's first Surround ADAS win and a sign ...

Financial Data and Key Metrics Changes - The company reported sales of $204.6 million for Q1 2025, a 3% increase from $197.9 million in the prior year [15] - Adjusted EBITDA for the quarter was $12.3 million, representing 6% of sales, up from $6.1 million or 3.1% of sales in Q1 2024 [16] - GAAP net loss was $1.4 million or negative $0.04 per share, compared to a net loss of $4.7 million or negative $0.14 per share in the previous year [15][16] Business Line Data and Key Metrics Changes - Fleet Vehicles and Services segment achieved sales of $96.1 million, down 11% from $107.8 million a year ago, reflecting softness in parcel end markets [17] - Specialty Vehicles segment delivered sales of $82.2 million, a 9% decrease from $90.1 million in the prior year, with adjusted EBITDA margins remaining in the high teens [18] Market Data and Key Metrics Changes - The FES backlog was $245.3 million at quarter end, down 31% versus the prior year and flat compared to year-end 2024 [18] - Specialty Vehicles backlog was $90 million at quarter end, up 8% versus the prior year and up 31% versus year-end, driven primarily by high content service truck bodies [19] Company Strategy and Development Direction - The company is focused on customer-centric innovation and expanding its product portfolio, particularly in electric vehicles and service trucks [6][10] - The proposed merger with Abbe Schmidt is expected to create a leading global force in the specialty vehicles industry, driving growth in high-margin markets [23][24] Management's Comments on Operating Environment and Future Outlook - Management remains cautious about the timing of recovery in the parcel and motorhome markets but expects approximately 70% of full-year adjusted EBITDA to be delivered in the second half of the year [21] - The company is affirming its 2025 outlook with sales projected between $870 million to $970 million and adjusted EBITDA of $62 million to $72 million [20][21] Other Important Information - The company incurred $2.2 million in transaction costs related to the proposed merger with Abbe Schmidt [16] - The merger is anticipated to be approved in a special meeting of shareholders in mid-2025 [24] Q&A Session Summary Question: Update on BlueArc vehicle orders and revenue - Management confirmed that the order for 150 vehicles for FedEx is in process, with some revenue carryover expected into Q2 [29] Question: Impact of tariffs on guidance - Management stated that they are closely monitoring tariffs and have implemented pricing strategies to mitigate risks, which is reflected in their unchanged guidance [31][34] Question: Trends in Abbe Schmidt's business - Management refrained from commenting on Abbe Schmidt's financials as the S-four filing is still with the SEC [37] Question: Customer order timing related to tariffs - Management indicated that there was no significant pull-forward of orders due to tariff concerns [41] Question: Outlook for parcel and final mile vehicles - Management noted an increase in quoting activity from parcel customers, suggesting a potentially better second half of the year [43] Question: Update on battery supply chain - Management expressed confidence in the battery supply chain, stating that performance is meeting expectations and there are no issues in the field [49]

VinFast Auto (VFS) Q4 2024 Earnings Call April 24, 2025 08:00 AM ET Company Participants Nhi Nguyen - Investor Relations ManagerLe Thi Thu Thuy - ChairwomanNguyen Thi Lan Anh - CFOGregory Lewis - Managing Director Conference Call Participants Andres Sheppard - AnalystJames McIlree - Senior Equity Research Analyst Operator day, and thank you for standing by. Welcome to the BINFAST Auto Limited Q4 twenty twenty four and Full Year Earnings Call. At this time, all participants are in a listen only mode. After t ...

Company Overview - LOBO is a fast-growing electric mobility manufacturer based in Tianjin, China, focused on high-performance, sustainable vehicles and smart infrastructure solutions [6] - Green Gold Asia (GGA) is a leader in sustainable mobility solutions, founded in 2024 and headquartered in West Jakarta, Indonesia, dedicated to transforming transportation in Southeast Asia [7] Strategic Partnership - LOBO has announced a strategic cooperation with Green Gold Asia to launch a new line of electric bikes and tricycles in Indonesia, marking a significant step in LOBO's global expansion efforts [1][5] - The partnership aims to combine LOBO's innovative product development with GGA's local market expertise to deliver tailored electric vehicles and a reliable charging network [3][4] Market Potential - Indonesia is identified as a promising market for electric mobility, with a population exceeding 270 million and a projected EV market value surpassing $5 billion by 2030, driven by urbanization and a growing middle class [2] - The demand for two- and three-wheel electric vehicles is expected to lead the adoption of electric mobility in the region [2] Financial Expectations - The strategic agreement between LOBO and GGA is expected to generate over $5 million in value in its first year, with a phased rollout planned across key metropolitan areas [3] Environmental Impact - The initiative aims to reduce carbon emissions, alleviate urban congestion, and provide modern transportation options, contributing to sustainable development in Indonesia [4]