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Enphase Energy Introduces IQ EV Charger 2 in Australia and New Zealand
ZACKS· 2025-07-04 14:26
Company Overview - Enphase Energy, Inc. (ENPH) has commenced shipments of its latest electric vehicle (EV) charger, the IQ EV Charger 2, to Australia and New Zealand [1] - The IQ EV Charger 2 is designed to integrate with Enphase solar and battery systems or function independently, optimizing energy use for households [3][9] Product Features - The IQ EV Charger 2 features a robust Type-2 connector compatible with most EVs in Australia and New Zealand, and it supports configurable power levels of up to 32 A per phase [4] - It is enclosed in an IP55-rated shell, suitable for both indoor and outdoor use, ensuring long-term dependability and superior performance [4] Market Demand - There is a growing demand for smart EV charging solutions driven by sustainability priorities, government incentives, and technological advancements [5] - The Electric Vehicle Charger Market is projected to grow at a CAGR of 18.6% from 2025 to 2032, indicating a favorable environment for Enphase Energy [6] Competitive Landscape - Other companies like SolarEdge Technologies, Canadian Solar Inc., and TotalEnergies SE are also expanding their presence in the EV charger market [8] - SolarEdge offers a Home EV Charger that can operate independently or connect with its Home Hub for faster charging [8] Financial Performance - Enphase Energy's stock has seen a 3.1% increase over the past month, while the industry has grown by 14.1% [12]
X @Bloomberg
Bloomberg· 2025-07-03 15:45
Shares of Rivian and Lucid rose Thursday as BNP Paribas sees the EV makers benefiting from President Donald Trump’s tax and spending bill ending electric vehicle tax credits https://t.co/6CCiLvAel8 ...
X @Bloomberg
Bloomberg· 2025-07-02 19:34
Business Strategy - BYD, China's leading EV manufacturer, has put its plans to construct a large-scale factory in Mexico on hold [1] Geopolitical Factors - The decision to shelve the Mexico plant is attributed to geopolitical tensions [1] - Uncertainty arising from US President Donald Trump's trade policies is a contributing factor [1]
Tesla reports 14% decline in vehicle deliveries, marking second straight year-over-year drop
CNBC Television· 2025-07-02 14:14
>> That's a small, small deal. >> Well, I'm just saying that buying that stuff that they like to buy. Yeah, all this stuff. >> All right.Speaking of which, Tesla is not a part, of course, of the new acronym from Jim, but they do have their delivery figures out for the second quarter, and Phil LeBeau has them for us. Phil, how are they looking. >> They're roughly in line with expectations.David. 384,122 vehicles delivered in the second quarter by Tesla, the consensus estimate on FactSet going into this morni ...
Tesla set to report Q2 deliveries: Here's what to expect
CNBC Television· 2025-07-02 12:32
Tesla expect to report second quarter deliveries in the next 90 minutes or so. Yesterday, the EV market makers market cap falling below the $1 trillion mark for the first time since June and it's currently the only mag 7 name trading below that level. Joining us now with more is Colin Rush Oenheimer, senior research analyst.Colin, great to have you with us. Um, Southside estimates is 385. Where do you fall on this given we we have some indications from Europe and and China already.Yeah, we're we're a little ...
Fly-E Group, Inc. Announces 1-for-5 Reverse Stock Split Effective July 7, 2025
Globenewswire· 2025-07-02 12:00
Core Viewpoint - Fly-E Group, Inc. will implement a reverse stock split on a one-for-five basis to increase the market price per share and maintain its Nasdaq listing [1][4]. Group 1: Reverse Stock Split Details - The reverse stock split has been approved by the Company's stockholders and Board of Directors [2]. - Each five pre-split shares will automatically combine into one post-split share, with no change in par value [3]. - The number of issued and outstanding shares will decrease from 53,183,053 to approximately 10,636,611 [4]. Group 2: Purpose and Impact - The reverse stock split aims to increase the market price per share to attract institutional and other investors [4]. - Adjustments will be made to the exercise price and the number of shares issuable upon the exercise of outstanding warrants [3].
GOP's megabill impact on Elon Musk empire
CNBC Television· 2025-07-01 18:09
today and for telling them to get it done by 1 p. m. James Lucier with Capital Alpha Partners.The president did address address Elon Musk's criticism of the spending bill outside the white House before departing to Florida this morning. >> We might have to put those on Elon. You know, you're not.Doses tells us the monster that that might have to go back and eat Elon. Wouldn't that be terrible. He gets a lot of subsidies, Peter.But Elon is very upset that the EV mandate is going to be terminated. And you kno ...
Microsoft, Rivian, Intel Slash Jobs In June Tech Layoff Spree
Benzinga· 2025-07-01 15:34
The month of June saw a fresh wave of layoffs across the technology sector, with companies both large and small making significant workforce reductions as they adapt to shifting market demands and the growing influence of artificial intelligence.Rivian: Last month, electric vehicle manufacturer Rivian Automotive, Inc. RIVN reduced its headcount by approximately 140 employees, about 1% of its workforce. The layoffs primarily impacted the manufacturing team as the company seeks to streamline operations ahead ...
Thunder Power Holdings, Inc. Announces Stockholder Approval of Share Exchange Agreement
Prnewswire· 2025-07-01 11:00
Acquisition of 30.8% Stake in TW Company Powers Thunder Power's Expansion into Renewable Energy and Integrated EV SolutionsWILMINGTON, Del., July 1, 2025 /PRNewswire/ -- Thunder Power Holdings, Inc. (OTCQB: AIEV) ("Thunder Power" or the "Company"), a technology innovator and developer of premium passenger Electric Vehicles ("EVs") whose acquisition strategy is focused on addressing key gaps in the EV sector with a diversified approach across the clean energy value chain, today announced that its stockholder ...
Allego Appoints New Chief Technology Officer
GlobeNewswire News Room· 2025-07-01 07:00
Company Overview - Allego N.V. is a leading provider of electric vehicle charging solutions, dedicated to accelerating the transition to electric mobility using 100% renewable energy [5] - The company operates a network of over 35,000 charging points across more than 16 countries in Europe, offering sustainable and reliable charging solutions to EV drivers [5] Leadership Appointment - Allego has appointed Holger Riemenschneider as the new Chief Technology Officer, bringing extensive experience in the e-mobility and automotive sectors [1][4] - Holger holds a degree in Mechatronic Engineering and an MBA, enhancing his qualifications for the role [2] Professional Background - Holger's career in e-mobility began at RWE, focusing on intelligent AC infrastructure, before moving to IONITY in 2021 to concentrate on DC infrastructure and IT systems [3] - He has over a decade of experience in technology leadership and large-scale international project execution, positioning him to advance Allego's technology strategy [4] Strategic Vision - The appointment of Holger is seen as a strategic move to reinforce Allego's commitment to innovation and sustainable growth in the electric mobility sector [1][4] - Allego's Executive Officer, Steven Salo, expressed optimism about the collaboration and innovation that Holger will bring to the company [4]