Tel-Aviv, Israel, March 24, 2025 (GLOBE NEWSWIRE) -- ZOOZ Power (Nasdaq and TASE: ZOOZ), a leading provider of flywheel-based power boosters and energy management systems enabling ultra-fast EV charging solutions, is successfully operating its ZOOZTER™-100 kinetic power booster at a New York Power Authority (NYPA) work site in Marcy, N.Y. This, the first deployment of ZOOZ Power’s technology in a power utility in the United States is a significant step toward accelerating the adoption of ultra-fast EV charg ...

Core Viewpoint - ZOOZ Power has successfully deployed its ZOOZTER™-100 kinetic power booster at a New York Power Authority work site, marking its first technology implementation in a U.S. power utility, which is a significant advancement for ultra-fast EV charging solutions in grid-constrained areas [1][3]. Group 1: Technology and Implementation - The ZOOZTER™-100 system enhances grid power and efficiency at a high-power EV charging station, allowing for faster charging for NYPA's fleet and other electric vehicles while intelligently managing energy distribution [2][4]. - The flywheel technology utilized by ZOOZ Power provides high-power bursts to chargers without overloading the local grid, presenting a sustainable and cost-effective solution for expanding charging infrastructure [2][6]. Group 2: Strategic Importance - The deployment at NYPA is a critical step in ZOOZ Power's expansion into the North American market and aligns with its mission to deliver high-power, sustainable EV charging solutions globally [3][4]. - ZOOZ Power and NYPA are actively monitoring the performance of the ZOOZTER™-100 to optimize operations and explore potential broader implementations at additional locations [3][4]. Group 3: Company Overview - ZOOZ Power specializes in flywheel-based power boosting and energy management solutions, facilitating the widespread deployment of ultra-fast charging infrastructure for electric vehicles while addressing existing grid limitations [5][6]. - The company's technology is designed to improve utilization rates, efficiency, flexibility, and accelerate revenue and profitability growth for its customers and partners [7].

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Core Insights - Methode Electronics, Inc.'s Grakon business unit has been recognized as a top-performing supplier by PACCAR, a manufacturer of Kenworth and Peterbilt trucks [1][4] - The recognition is part of PACCAR's Supplier Performance Management (SPM) Program, which evaluates suppliers based on product development, operations, aftermarket support, and alignment with PACCAR's business objectives [2] - Grakon has played a significant role in multiple PACCAR launches, providing advanced lighting solutions for various truck models [3] Company Overview - Grakon, LLC specializes in the design, development, and manufacture of advanced lighting systems, controls, and components for OEM manufacturers in heavy trucks, buses, rail, commercial electric vehicles, and power sports markets [5] - Grakon operates as a business unit of Methode Electronics, Inc., which is a global supplier of custom-engineered solutions with a presence in North America, Europe, the Middle East, and Asia [5]

Core Insights - Methode Electronics, Inc.'s Grakon business unit has been recognized as a top-performing supplier by PACCAR, a manufacturer of Kenworth and Peterbilt trucks [1][4] - The recognition is part of PACCAR's Supplier Performance Management (SPM) Program, which evaluates suppliers based on product development, operations, aftermarket support, and alignment with PACCAR's business objectives [2] - Grakon has played a significant role in multiple PACCAR launches, providing advanced interior and exterior lighting solutions [3] Company Overview - Grakon, LLC specializes in the design, development, and manufacture of advanced lighting systems, controls, and components for various markets, including heavy trucks, buses, and commercial electric vehicles [5] - Grakon operates as a business unit of Methode Electronics, Inc., which is a global supplier of custom-engineered solutions with a presence in North America, Europe, the Middle East, and Asia [5]

Core Insights - Blink Charging Co. has entered an agreement to supply 50 chargers at premium hotels, retail, and restaurant locations in Mexico as part of the Porsche Destination Charging Program [1][3]. Company Overview - Blink Charging is a leading global provider of electric vehicle (EV) charging equipment and services, focusing on innovative solutions to facilitate the transition to electric transportation [6]. - The company operates a cloud-based network that manages and tracks EV charging stations and associated data [6]. Partnership Details - The Porsche Destination Charging network offers convenient charging options for Porsche EV drivers at exclusive locations, providing free charging sessions and discounts at Blink Charging locations [2]. - Participating locations will benefit from a percentage of the charging revenue generated from the stations [2]. Expansion Plans - This initiative marks a significant step in Blink's expansion into Mexico, where the company will manage the entire lifecycle of the charging stations, including installation, maintenance, and repair [3][5]. - The new charging stations are set to be operational starting March 2025 [5]. Technology and User Experience - Blink's IQ200 chargers provide efficient charging capabilities of up to 19.2 kW, enhancing the user experience through advanced technology [4]. - The Blink Network's software allows users to manage their charging sessions seamlessly [4]. Industry Impact - The collaboration with Porsche aims to enhance the public charging network in Mexico, promoting the transition to electromobility and supporting sustainability initiatives in hospitality and retail sectors [4][5].

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].

Core Viewpoint - Thor Industries, the largest RV maker globally, experienced a significant decline in stock value following disappointing financial results, with shares dropping nearly 14% over the past week [1] Financial Performance - For Q2 of fiscal 2025, Thor reported net sales of just over $2 billion, reflecting a nearly 9% year-over-year decline [2] - The company posted a GAAP net loss of $551,000 ($0.01 per share), contrasting with a profit of $7.2 million in the same quarter of fiscal 2024 [2] - Analysts had anticipated earnings of $0.08 per share, but net sales exceeded their expectations of $1.97 billion [3] Guidance and Market Conditions - Thor cited the challenging economic environment as a headwind, with CEO Bob Martin emphasizing a focus on controllable factors such as product offerings and dealer relationships [4] - The company revised its full fiscal year guidance, projecting net sales between $9 billion and $9.5 billion, down from a previous estimate of $9.8 billion, and lowered per-share earnings estimates to a range of $3.30 to $4.00 from $4.00 to $5.00 [4] Market Outlook - Despite the disappointing results, Thor remains a significant player in the RV market, with ongoing consumer interest in travel experiences suggesting potential for future growth [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 ...