Cenntro Electric Group Announces 2021 Year End Audited Financial Results

Net Revenue increased by 57% Number of vehicles sold increased 30% year over year Management to Host Conference Call on Monday, April 25 at 5:00 p.m. ET FREEHOLD, N.J.–(BUSINESS WIRE)–Cenntro Electric Group Limited (NASDAQ: CENN) (“Cenntro” or “the Company”), a leading EV technology company with advanced, market-validated electric commercial vehicles, today announced its financial results […]

Wolfspeed Opens the World’s Largest 200mm Silicon Carbide Fab Enabling Highly Anticipated Device Production

The New York-based fab expands Wolfspeed’s manufacturing capacity to meet the steepening demand for Silicon Carbide devices across automotive and industrial applications. DURHAM, N.C.–(BUSINESS WIRE)–Wolfspeed, Inc. (NYSE: WOLF), the global leader in Silicon Carbide technology and production, today officially opened its state-of-the-art, Mohawk Valley Silicon Carbide fabrication facility in Marcy, N.Y. with a ribbon cutting […]

Damon Motors HyperSport Wins 2022 Edison Best New Product Award

Company Awarded Gold in Consumer Solutions—Sports and Recreation Category VANCOUVER, British Columbia–(BUSINESS WIRE)–Damon Motors today announced its flagship HyperSport motorcycle has received a 2022 Edison Best New Product Award. The HyperSport was awarded Gold in the Consumer Solutions—Sports and Recreation category. Damon was selected as a finalist from hundreds of nominations globally and then underwent […]

Simple Tire Announces Executive Promotion

Andy Chalofsky, Co-Founder, promotes President Karthik Iyer to CEO role BENSALEM, Pa.–(BUSINESS WIRE)–Simple Tire, a leading Philadelphia-based online tire retailer that is part of the Dealer Tire Family of Companies, today announced that Chief Executive Officer Andy Chalofsky will depart Simple Tire as part of a planned succession, promoting President Karthik Iyer to the expanded […]

Faraday Future Announces Brembo as Brake Supplier for Upcoming FF 91 EV

Faraday Future’s flagship vehicle FF 91 EV will come equipped with Brembo brakes when it launches later this year (currently expected in Q3). A leader in the field of automotive brake technology, Brembo will provide the FF 91 EV with solid and consistent brake output under all conditions. LOS ANGELES–(BUSINESS WIRE)–Faraday Future Intelligent Electric Inc. […]

nuVizz Launches Auto Parts Delivery Solution for OEMs and Dealerships

ATLANTA–(BUSINESS WIRE)–nuVizz, a leading network-based last mile delivery and transportation management and customer experience SaaS platform, introduces nuVizz Auto Parts Delivery Solution, which helps auto original equipment manufacturers (OEMs) and their dealerships tackle the most challenging transportation routing and scheduling issues in the auto parts supply chain. Leveraging artificial intelligence (AI) and machine learning (ML), […]

Helios Technologies Schedules First Quarter 2022 Financial Results Release and Conference Call

SARASOTA, Fla.–(BUSINESS WIRE)–Helios Technologies (NYSE: HLIO), a global leader in highly engineered motion control and electronic controls technology for diverse end markets, announced today that it will release its first quarter 2022 financial results after the market closes on Monday, May 9, 2022. Josef Matosevic, President and Chief Executive Officer, and Tricia Fulton, Chief Financial […]

Motorcar Parts of America’s EV Subsidiary Receives Order From Leading Chinese Automotive Company

LOS ANGELES, Calif.–(BUSINESS WIRE)–Motorcar Parts of America, Inc. (Nasdaq: MPAA) today announced its wholly owned subsidiary D&V Electronics has received an order for an electric motor emulator from one of China’s largest automotive companies, a critical component of a Power Hardware-In-the-Loop (p-HIL) test system to validate the performance and design of drivetrain components. Terms were […]

Carvana Co. Announces Senior Unsecured Notes Offering to Finance ADESA U.S. Auction Acquisition

PHOENIX–(BUSINESS WIRE)–Carvana Co. (NYSE: CVNA), the leading e-commerce platform for buying and selling used cars, today announced it is planning to offer, subject to market conditions and other factors, $2.275 billion in aggregate principal amount of Senior Unsecured Notes due 2030 (the “Notes”). Carvana intends to use the net proceeds from the issuance of the […]

EVgo Adds 4 New Public EV Fast Chargers to Maryland’s Valley Park Commons

New fast charging station in Hagerstown, MD is the first station funded through Maryland’s Appendix D settlement fund LOS ANGELES–(BUSINESS WIRE)–EVgo Inc. (NASDAQ: EVGO), the nation’s largest public fast charging network for electric vehicles (EVs) and first powered by 100% renewable electricity, today announced the opening of a new EVgo public fast charging station located […]