Romeo Power Signs Long-Term Supply Agreement With LG Energy Solution to Provide Lithium-Ion Battery Cells Through 2028

LOS ANGELES–(BUSINESS WIRE)–Romeo Power, Inc. (“Romeo Power”) (NYSE:RMO), an energy technology leader delivering advanced electrification solutions for complex commercial vehicle applications, has entered into a long-term supply agreement for lithium-ion battery cells with LG Energy Solution, Ltd. (“LG Energy”), a Tier 1 battery cell and materials manufacturer. Under the long-term supply agreement, LG Energy has […]

Carvana Co. Announces Pricing of Senior Notes Offering

PHOENIX–(BUSINESS WIRE)–Carvana Co. (NYSE: CVNA), the leading e-commerce platform for buying and selling used cars, today announced it has priced the private placement of $750.0 million in aggregate principal amount of its 4.875% Senior Notes due 2029 (the “Notes”). The Notes will be issued under an indenture to be entered into upon the closing of […]

Gilbarco Veeder-Root Announces Waiver of Option to Acquire Tritium

BRISBANE, Australia & GREENSBORO, N.C.–(BUSINESS WIRE)–Tritium Holdings Pty Ltd (“Tritium”), a global developer and manufacturer of direct current (“DC”) fast chargers for electric vehicles (“EVs”), and Gilbarco Veeder-Root, a Vontier Corporation (NYSE: VNT) company, today announced the companies have entered into an agreement for Gilbarco Veeder-Root to waive its call option right to acquire Tritium. […]

Immersion Signs Agreement to Make Haptic Technology License Available To Mobile OEMs Through TITAN Haptics

SAN FRANCISCO–(BUSINESS WIRE)–$IMMR #haptics–Immersion Corporation (NASDAQ: IMMR), the leading developer of haptic technologies, today announced that the company has signed a license agreement with TITAN Haptics to make Immersion haptic patent licenses available to mobile phone and wearable OEMs that incorporate TITAN’s actuators. TITAN Haptics, based in Canada, has developed a groundbreaking new actuator technology […]

Mister Car Wash Announces Second Quarter Fiscal 2021 Financial Results

Record $197.1 Million Second Quarter Net Revenues—93% Increase over Q2 Fiscal 2020 93% Comparable Stores Sales Increased including 39% Increase in UWC Members Opened 7 new locations in Fiscal Q2 Provides Fiscal 2021 Outlook TUCSON, Ariz.–(BUSINESS WIRE)–Mister Car Wash, Inc. (“Company” NYSE: MCW), the nation’s largest car wash brand, today announced its financial results for […]

Aeva Reports Second Quarter 2021 Results

Key expansion beyond automotive with Nikon strategic collaboration to bring Aeva 4D LiDAR to industrial automation and precision metrology markets Continued momentum in automotive, expanding TuSimple collaboration with Aeva as the only long-range LiDAR on TuSimple’s current trucking fleet B sample development on schedule to be completed by year-end MOUNTAIN VIEW, Calif.–(BUSINESS WIRE)–Aeva (NYSE: AEVA), […]

 XL Fleet Announces Second Quarter 2021 Financial Results

BOSTON–(BUSINESS WIRE)–XL Fleet Corp. (NYSE: XL) (“XL Fleet” or the “Company”), a leading provider of fleet electrification solutions for commercial vehicles in North America, today announced second quarter 2021 financial results. Second Quarter 2021 and Recent Highlights Generated revenue for second quarter of 2021 of $3.7 million, compared to $1.9 million in the prior year, […]

CVD Equipment Corporation Receives First Production System Order for Nanomaterials Used in Electric Vehicle Energy Storage

CENTRAL ISLIP, N.Y.–(BUSINESS WIRE)–CVD Equipment Corporation (NASDAQ: CVV), a leading provider of chemical vapor deposition systems, announced today that it has received a production system order from a major, US-based, electric vehicle battery material manufacturer for approximately $1.7M. The system is planned to ship to the customer in the first quarter of 2022. Significant growth […]

Blue Bird Reports Fiscal 2021 Third Quarter Results Focused on Margin Expansion and EV Growth Impacted by Supply Chain Disruptions

Net Sales of $196.7M and GAAP Net Income of $4.3M Firm Order Backlog of 4,000+ units Electric Bus Backlog at 380+ units Adjusted EBITDA of $13.2M with 2,024 Buses Sold MACON, Ga.–(BUSINESS WIRE)–Blue Bird Corporation (“Blue Bird”) (Nasdaq: BLBD), the leading independent designer and manufacturer of school buses, announced today its fiscal 2021 third quarter […]