Welcome to our dedicated page for Ayro news (Ticker: AYRO), a resource for investors and traders seeking the latest updates and insights on Ayro stock.
AYRO Inc (AYRO) delivers innovative electric vehicles for sustainable urban mobility and last-mile logistics. This news hub provides investors and industry stakeholders with timely updates on corporate developments, financial disclosures, and technological advancements from the Texas-based EV manufacturer.
Access official press releases covering product launches, strategic partnerships, manufacturing updates, and sustainability initiatives. Our curated collection serves as a neutral resource for tracking AYRO's progress in developing zero-emission vehicles for closed-campus environments, municipal fleets, and urban delivery networks.
Key updates include earnings reports, leadership announcements, production capacity changes, and regulatory filings. Bookmark this page for direct access to primary source materials about AYRO's low-speed electric vehicles and their evolving role in sustainable transportation ecosystems.
AYRO (NASDAQ:AYRO) has announced the launch of its new robotics division focused on AI-driven automated manufacturing of EVs and accessories. The company has received its first purchase order for high-technology EV chargers requiring precision robotic assembly. The client has leased space within warehouses owned by AYRO's partner GLV, providing additional revenue.
Executive Chairman Josh Silverman emphasized that while the company continues to focus on their Vanish vehicle, they are actively seeking growth opportunities beyond this single product. The new robotics division, leveraging AI technology, is expected to expand their in-house capabilities and enable new manufacturing processes while following current industry trends.
AYRO Inc (NASDAQ:AYRO) released a stakeholder letter highlighting its 2024 achievements and 2025 strategy. The company achieved significant cost reductions, with operating expenses declining 74% from $6.1M in Q3-23 to $1.6M in Q3-24. Key developments include:
- Partnership with GLV Ventures to reduce manufacturing costs of the Vanish LSEV
- Becoming a Tier One Supplier for General Motors
- Securing first purchase order from a top three auto manufacturer through GLV partnership
- Management team enhancement with Gilbert Villarreal as President and Joseph Ramelli as CFO
The company plans to leverage its Texas facilities and GLV's low-cost manufacturing capabilities to expand as a contract manufacturer while maintaining Made in America status. AYRO maintains strong cash position to support current plans and focuses on increasing stockholder value through 2025.
AYRO (NASDAQ:AYRO) has secured its first purchase order from one of the top three automotive manufacturers in the United States through its partnership with GLV Ventures. This marks the company's initial success in leveraging GLV's low-cost facilities to expand into design and manufacturing projects, representing a new revenue stream. Josh Silverman, AYRO's Executive Chairman, highlighted this as a significant step in diversifying their business model.
AYRO specializes in designing and producing zero emission vehicles and systems, with the AYRO Vanish being their latest product offering. The company focuses on developing sustainable solutions that minimize both carbon emissions and environmental impact.
AYRO (NASDAQ:AYRO) has been designated as a tier one supplier for General Motors through its partnership with GLV Ventures. This development expands upon AYRO's previously announced low-cost manufacturing and engineering initiatives. The collaboration leverages GLV's low-cost facilities to pursue design and manufacturing projects, potentially leading to new revenue-generating purchase orders. Josh Silverman, AYRO's Executive Chairman, highlighted this as a significant achievement that positions the company favorably with one of the world's largest auto manufacturers.
AYRO has announced a strategic partnership with GLV Ventures for the engineering and manufacturing of its Vanish electric vehicle in the United States. The collaboration will focus on redesigning the Vanish using lower-cost production methods at GLV's Beeville, Texas facility. GLV Ventures, established in 1996, brings expertise in chassis manufacturing, vacuum thermoforming, and carbon fiber production, along with full homologation and certification capabilities.
The partnership aims to improve unit profitability and enhance competitiveness in the global market while maintaining American manufacturing. AYRO's Executive Chairman Josh Silverman emphasized the company's commitment to prudent capital application and their belief in the significant market potential for low-speed EVs.
AYRO, Inc. (NASDAQ:AYRO), a designer and manufacturer of electric delivery vehicles, has announced key management changes to revamp its low-speed electric vehicle strategy. The company has appointed Joseph Ramelli as the new Chief Financial Officer and Gilbert Villarreal as President of AYRO's operating subsidiary. Ramelli brings extensive management and capital markets experience, while Villarreal, founder of GLV Ventures, has 25 years of expertise in vehicle design and production.
AYRO's Executive Chairman, Josh Silverman, emphasized that these additions aim to reduce costs and maximize profits. With $37 million in cash as of June 30, 2024, AYRO plans to re-engineer the Vanish model for cost-effective production. The company is also exploring M&A and capital investment opportunities to enhance stockholder value.
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