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Alternative Vehicles/Fuels
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ACEL Power and Electrified Marina Announce Strategic Partnership to Accelerate Marine Electrification on the U.S. East Coast

VANCOUVER, British Columbia & NORFOLK, Va.--(BUSINESS WIRE)--ACEL Power partners with Electrified Marina to launch 75HP Intelligent Electric Outboard Motor in tritoons, expanding electric boating across the U.S....
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Eaton Reports Record First Quarter 2025 Results, with Accelerating Organic Growth; Raises Full-Year Organic Growth Guidance

DUBLIN--(BUSINESS WIRE)--Intelligent power management company Eaton Corporation plc (NYSE:ETN) today announced that first quarter 2025 earnings per share were $2.45, a first quarter record and up 20% over the first quarter of 2024. Excluding charges of $0.21 per share related to intangible amortization, $0.04 per share related to a multi-year restructuring program, and $0.02 per share related to acquisitions and divestitures, adjusted earnings per share of $2.72 were a first quarter record and...
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Uber and May Mobility Announce Strategic Partnership to Scale Autonomous Vehicles

SAN FRANCISCO & ANN ARBOR, Mich.--(BUSINESS WIRE)--Uber Technologies, Inc. (NYSE: UBER) and May Mobility, Inc., a leading autonomous vehicle (AV) technology company, today announced a new multi-year strategic partnership. May Mobility aims to deploy thousands of AVs on the Uber platform over the next few years, with an initial launch planned for Arlington, Texas, by the end of 2025. The partnership highlights both companies’ shared ambition to quickly scale AV use in ride-hail, broadening acces...
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Young Women in Illinois Can Now Apply to Build, Race Electric Powered Go-Carts at ComEd EV Rally

CHICAGO--(BUSINESS WIRE)--ComEd is excited to announce the return of its signature science, technology, engineering and math (STEM) program for future female STEM leaders, the ComEd EV Rally. Young women in Illinois can now apply to participate in the annual summer event, where teams of teens build and race electric go-carts. This year, 45 teens will have the opportunity to work with women from ComEd to explore STEM career opportunities and build their STEM experience. Since the program’s incep...
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ADS-TEC Energy Secures up to $50 Million of Gross Proceeds to Accelerate International Expansion and Recurring Revenue Growth

NÜRTINGEN, Germany--(BUSINESS WIRE)--ADS-TEC Energy (NASDAQ: ADSE), a global leader in battery-based energy storage and ultra-fast EV charging solutions, today announced it has secured up to $50 million in growth capital from well-recognized institutional investors. The proceeds from the offering will be disbursed in two tranches - $15 million in immediate proceeds available to the company and $35 million to become available upon the setup of a controlled account – and will fuel the company’s s...
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Li-Cycle Undertaking Process to Seek Buyers for its Business or Assets

TORONTO--(BUSINESS WIRE)--Li-Cycle Holdings Corp. (OTCQX: LICYF) (“Li-Cycle” or the “Company”), a leading global lithium-ion battery resource recovery company, today announced certain business updates. Li-Cycle previously disclosed that it had received waivers from the holders of its convertible notes, Glencore Canada Corporation (“Glencore”) and Wood River Capital, LLC (“Wood River Capital” and together with Glencore, the “Convertible Note Holders”) that permitted its common shares to trade on...
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Aptiv Reports First Quarter 2025 Financial Results

SCHAFFHAUSEN, Switzerland--(BUSINESS WIRE)--Aptiv PLC (NYSE: APTV), a global technology company focused on making the world safer, greener and more connected, today reported a first quarter 2025 U.S. GAAP loss of $0.05 per diluted share. Excluding special items, first quarter earnings totaled $1.69 per diluted share. First Quarter Financial Highlights Include: U.S. GAAP revenue of $4.8 billion, a decrease of 2% Revenue decreased 1% adjusted for currency exchange and commodity movements, compare...
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Faraday Future Issues Statement on Potential Illegal Short Selling and Online Infringement to Protect Interests of Stockholders

LOS ANGELES--(BUSINESS WIRE)--Faraday Future Intelligent Electric Inc. (NASDAQ: FFAI) (“Faraday Future”, “FF” or “Company”), a California-based global shared intelligent electric mobility ecosystem company, issued a statement on potential illegal short selling and the spread of knowingly false and misleading information on social media targeting the Company. Below is the Company’s full statement. Statement on Potential Illegal Short Selling and Online Infringement to Protect Interests of Stockh...
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ADS-TEC Energy (ADSE) to Host Business Update Call on May 12th Following the Release of Full-Year 2024 Results

NÜRTINGEN, Germany--(BUSINESS WIRE)--ADS-TEC Energy plc (NASDAQ: ADSE), a global leader in battery-buffered, ultra-fast charging technology, today announced management will host a webcast to provide a business update at 02:00 PM CET/08:00 AM ET on Monday, May 12th, 2025. Leading the call will be Thomas Speidel, Chief Executive Officer, and Stefan Berndt-von Bülow, Chief Financial Officer. The live webcast of the call will be available by clicking here. Please make sure to register ahead of the...
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PHINIA Celebrates Over 250 Patents as a Standalone Company and Honors Innovators in Inaugural Innovation Hall of Fame

AUBURN HILLS, Mich.--(BUSINESS WIRE)--PHINIA Inc. (NYSE:PHIN), a leader in premium fuel systems, electrical systems, and aftermarket solutions, is proud to announce its innovators have been named on over 250 patents since becoming a standalone company in July 2023. Achieving this milestone marks a significant moment and underscores PHINIA’s deep, ongoing investment in combustion technologies across its diverse portfolio. PHINIA has a longstanding patent legacy with over 6,000 patents issued to...