Finance

Canada Getting Serious With Big EV Incentive Plan

Big deals could be coming up North. Electric vehicle sales in Canada continue to improve, with the Chevrolet Volt leading the way. Last week, the national government announced a comprehensive plan to, “increase the number of zero-emission vehicles (ZEVS) on Canadian roads by 2018.” The gist is that since the transportation…

2 weeks ago by Sebastian Blanco 30

UQM Technology CEO “Removed” By Board

Denver Business Journal reported that UQM Technologies has ousted 5-year CEO Eric Ridenour and we’ve learned the position has been filled by COO Joseph Mitchell.  The official statement: UQM Technologies, Inc. (NYSE MKT: UQM) today announced that its board of directors has promoted Joseph Mitchell to the position of Chief…

2 years ago by Ted Dillard 4

UQM Technologies Reports $1.4 Million Loss In Fourth Quarter

UQM Technologies announced that revenues for the quarter ending December 31, 2014 fell by almost 60% year-over-year to $836,000. Lower revenues typically translate to higher losses and here we see $1.4 million. “UQM TECHNOLOGIES, INC. (NYSE MKT: UQM), a developer of alternative energy technologies, today announced operating results for the…

2 years ago by Mark Kane 9

Electrovaya Increased Revenues To $7.4 Million In FY 2014

The small Canadian lithium-polymer battery manufacturer Electrovaya announced that in FY 2014 (ending September 30, 2014) revenues increased by 161% year-over-year to $7.4 million. More good news is that the direct manufacturing costs stand at $4.582 million, which means that $2.822 million in income comes from production, although adding all…

2 years ago by Mark Kane 0

Electrovaya Reports Revenue Growth Of 1400 %

Battery manufacturer Electrovaya, supplier of lithium-ion batteries for Dongfeng Motors, announced that revenues in the quarter ending June 30 amounted to $2.131 million. Thanks to a low base, this is 1,400% more than in 2013. Electrovaya seems to ramping-up production after $1.835 million revenues in Q1, however net losses for…

3 years ago by Mark Kane 8

UQM Technologies Revenues Down Almost 50% in Q2

UQM Technologies announced that the quarter (Q2) that ended June 30, 2014 brought a drop of revenues by almost 50% from $1.9 million in 2013 to just $1.0 million this year. This didn’t help income. In fact there is net loss of $1.3 million. Eric R. Ridenour, UQM Technologies President…

3 years ago by Mark Kane 1