Latest news with #commercialtransportation
Yahoo
07-07-2025
- Automotive
- Yahoo
Startup unveils game-changing electric truck with impressive capabilities: 'Looks like a smart product'
In late April, Harbinger, a startup commercial electric vehicle manufacturer, unveiled a new medium-duty, hybrid electric truck boasting a range of up to 500 miles, Electrek reported. The California-based startup is using the $100 million investment it recently raised in its Series B round of funding in January 2025 to develop this hybrid electric truck for wide-ranging medium-duty fleet uses, including delivery, garbage collection, and more. While the commercial transportation industry has made great strides in electrifying transport rides, some fleets are still hesitant to go fully electric, and Harbinger understands that. "There are some fleets whose needs simply can't be met with a purely electric vehicle — and we recognize that," said John Harris, cofounder and CEO of Harbinger, per Electrek. To help assuage these fears, Harbinger created this extended-range electric vehicle hybrid truck to meet the needs of any fleet. Harbinger's new medium-duty, hybrid electric truck runs on a 140 or 175 kilowatt-hour Panasonic-supplied battery and is supplemented by a low-emissions, 1.4-liter four-cylinder gas engine that powers an 800-volt generator, which sends power to the battery when the engine is running. Essentially, the truck relies on the battery's maximum range on a full charge before the gas engine kicks in. The engine, whose sole purpose is to power the generator that recharges the vehicle's battery, does not mechanically control or drive the vehicle's wheels as in traditional gas-powered vehicles. According to Harbinger, this hybrid electric truck offers up to 500 miles in range. As of 2022, transportation still represents the largest source (28%) of the nation's heat-trapping gases, per the Environmental Protection Agency. Electrifying this sector could deliver measurable economic and environmental benefits. For one, electrifying transportation reduces the amount of routine maintenance for fleet operators, as electric vehicles have fewer moving parts than traditional diesel-powered fleets. If you were going to purchase an EV, which of these factors would be most important to you? Cost Battery range Power and speed The way it looks Click your choice to see results and speak your mind. While the truck still has a small combustion engine that uses gas, the engine only kicks in when the vehicle's battery has depleted, which saves on fuel costs and produces a minimal amount of carbon pollution compared to diesel-powered trucks. A battery-powered EV also idles much more quietly in traffic, reducing noise and air pollution on congested highways and roads. Best of all, EVs can be powered by clean, renewable energy sources like solar. EV owners can save significantly on charging costs by installing home solar, as opposed to refueling at public charging stations or pulling from the electric grid, especially during peak energy times. EnergySage helps homeowners find and compare quotes from locally vetted solar installers, saving homeowners up to $10,000 on new solar projects. "I wouldn't be too surprised if FedEx, UPS, and the Postal Service started buying this," one Electrek commenter wrote. "All in all, it looks like a smart product," another user said. Join our free newsletter for good news and useful tips, and don't miss this cool list of easy ways to help yourself while helping the planet.
Globe and Mail
23-06-2025
- Business
- Globe and Mail
Howmet's Transportation Market Under Pressure: Is the Risk Priced In?
Howmet Aerospace Inc. HWM has been witnessing persistent weakness in the commercial transportation market. In the first quarter of 2025, revenues from the commercial transportation market declined 14% on a year-over-year basis. Lower commercial truck builds, given tariff-related and economic uncertainty in North America, have been impacting the company's near-term performance. HWM expects demand in the commercial transportation markets served by the Forged Wheels segment to remain soft till the second half of the year. The company is dependent on a global supply chain, and in recent years, it has experienced supply-chain disruptions, particularly in the transportation and aerospace sectors, that resulted in delays and increased costs. Persistent supply-chain issues are likely to continue affecting the delivery of its finished products to its customers within the stipulated time, which might impact its top-line performance. Nevertheless, solid momentum in Howmet's commercial aerospace market, driven by robust OEM build rates and wide-body aircraft recovery, is expected to bolster its top line. Also, strength in the defense aerospace business, driven by rising U.S. & international defense budgets, bodes well for the company. Segmental Performance of HWM's Peers in Q1 Improving commercial air passenger traffic has been benefiting Textron Inc. 's TXT Aviation business unit. Strong fleet utilization, backed by improving commercial air travel, contributed to Textron Aviation unit's aftermarket revenue growth of 6% on a year-over-year basis in the first quarter of 2025. Thanks to growing air travel, Textron has also been witnessing strong order activity, which resulted in a backlog of $7.87 billion for the Aviation segment. Its another peer, RTX Corporation RTX, has been experiencing improving commercial OEM and commercial aftermarket sales in recent times. Notably, its first-quarter 2025 results reflected solid organic year-over-year sales growth of 8%. In particular, improvement in commercial aerospace bolstered quarterly results for both its Collins Aerospace and Pratt & Whitney business segments. The Zacks Rundown for HWM Shares of Howmet have surged 27.3% in the past three months compared with the industry 's growth of 8.7%. Image Source: Zacks Investment Research From a valuation standpoint, HWM is trading at a forward price-to-earnings ratio of 46.07X, above the industry average of 26.14X. The metric is pegged higher than its five-year median of 25.61X. HWM carries a Value Score of F. Image Source: Zacks Investment Research The Zacks Consensus Estimate for HWM's earnings for second-quarter 2025 and 2025 has increased 7.5% and 6.8%, respectively, in the past 60 days. HWM stock currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here. Zacks' Research Chief Names "Stock Most Likely to Double" Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest. This top pick is a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company's customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Hims & Hers Health, which shot up +209%. Free: See Our Top Stock And 4 Runners Up Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Textron Inc. (TXT): Free Stock Analysis Report Howmet Aerospace Inc. (HWM): Free Stock Analysis Report RTX Corporation (RTX): Free Stock Analysis Report
Associated Press
07-05-2025
- Automotive
- Associated Press
Phoenix Motor to Discuss 2024 Financial Results During Webinar on June 4
A live Q&A session with management will follow the company's prepared remarks ANAHEIM, CA / ACCESS Newswire / May 7, 2025 / Phoenix Motor Inc. (OTC PINK:PEVM), a leading manufacturer of heavy-duty transit buses and electrification solutions provider for medium-duty vehicles, is pleased to invite investors to a webinar on June 4, 2025, at 4:15 p.m. ET. The exclusive event, hosted by RedChip Companies, will feature Phoenix Motor CEO Denton Peng, CFO Michael Yung, COO Lewis Liu, CRO Jose Paul Plackal, and CTO Tony Zhou. Phoenix Motor's leadership team will discuss the company's fiscal year 2024 financial results and provide insight into the company's position as a leader in zero-emission, all-electric commercial transportation solutions. For 2024, Phoenix Motor projects revenue of $30.7 million to $31.2 million, a more than tenfold increase from $3 million in 2023, with the company also expecting to report positive net income-a dramatic turnaround from its net loss in the prior year. Looking ahead, 2025 revenue is projected to be in the range of $40 million to $50 million, reflecting continued market expansion and strong demand for Phoenix's zero-emission commercial vehicle solutions. A live question and answer session will follow the presentation. To register for the free webinar, please visit: Questions can be pre-submitted to [email protected] or online during the live event. About Phoenix Motor Inc. Phoenix Motor, a pioneer in the electric vehicle ('EV') industry, designs, builds, and integrates electric drive systems and manufactures heavy duty transit buses and medium and light duty commercial EVs. Phoenix operates two primary brands, 'Phoenix', which is focused on commercial products including heavy and medium duty EVs (transit buses, shuttle buses, school buses and delivery trucks, among others) and 'EdisonFuture', which intends to offer light-duty EVs. Phoenix endeavors to be a leading designer, developer and manufacturer of electric vehicles and electric vehicle technologies. To learn more, please visit: . Forward-Looking Statements This press release contains forward-looking statements, as that term is defined in the Private Litigation Reform Act of 1995, that involve significant risks and uncertainties. Forward-looking statements can be identified through the use of words such as 'may,' 'might,' 'will,' 'intend,' 'should,' 'could,' 'can,' 'would,' 'continue,' 'expect,' 'believe,' 'anticipate,' 'estimate,' 'predict,' 'outlook,' 'potential,' 'plan,' 'seek,' and similar expressions and variations or the negatives of these terms or other comparable terminology. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect the Company's current expectations and speak only as of the date of this release. Actual results may differ materially from the Company's current expectations depending upon a number of factors. These risk factors include, among others, those related to our ability to raise additional capital necessary to grow our business, operations and business and financial performance, our ability to grow demand for our products and revenue, our ability to become profitable, our ability to have access to an adequate supply of parts and materials and other critical components for our vehicles on the timeline we expect, the coronavirus (COVID-19) and the effects of the outbreak and actions taken in connection therewith, adverse changes in general economic and market conditions, competitive factors including but not limited to pricing pressures and new product introductions, uncertainty of customer acceptance of new product offerings and market changes, risks associated with managing the growth of the business, and those other risks and uncertainties that are described in the 'Risk Factors' section of the Company's annual report filed on Form 10-K filed with the Securities and Exchange Commission. Except as required by law, the Company does not undertake any responsibility to revise or update any forward-looking statements. Contact: [email protected] Dave Gentry, CEO RedChip Companies, Inc. 1-407-644-4256 [email protected] SOURCE: Phoenix Motor Inc. press release
