Welcome to our dedicated page for ZEV news (Ticker: ZEV), a resource for investors and traders seeking the latest updates and insights on ZEV stock.
Lightning eMotors, Inc. (NYSE: ZEV) delivers innovative zero-emission solutions for commercial fleets, specializing in electric vehicles and charging infrastructure since 2010. This page aggregates official announcements and verified news to help stakeholders track the company’s progress in sustainable transportation.
Access timely updates on product launches, regulatory compliance milestones, and strategic alliances shaping the commercial EV sector. Our curated collection includes earnings reports, technology innovations, and partnership announcements directly impacting fleet electrification efforts.
Discover coverage of Lightning eMotors’ Class 3-8 vehicle deployments, charging ecosystem developments, and sustainability initiatives. This resource is designed for investors and industry professionals seeking actionable insights into the company’s market position and environmental impact.
Bookmark this page for streamlined access to Lightning eMotors’ latest developments. Combine these updates with broader market analysis to inform your understanding of the evolving zero-emission transportation landscape.
Lightning eMotors reported a record second quarter in 2021 with revenues of $5.9 million, up 580% year-over-year, despite supply chain challenges. The company sold 37 vehicles and powertrain systems, while a strategic partnership with Forest River could yield up to $850 million. The order backlog surged 508% to approximately $168.4 million, reflecting robust demand. However, the company withdrew its full-year guidance due to chassis production disruptions. Upcoming quarterly revenue is projected between $4 million to $6 million, with operational losses expected at $12.5 million to $13.6 million.
Lightning eMotors (NYSE: ZEV) will announce its Q2 2021 results on August 16, 2021, after market close. The announcement will be followed by a conference call at 5:00 p.m. Eastern Time, which can be accessed via webcast or by phone. The telephonic replay will be available until August 30, 2021. Since 2009, Lightning eMotors has focused on sustainable fleet solutions, providing zero-emission vehicles for a variety of commercial uses, enhancing energy efficiency and uptime for fleet customers.
Lightning eMotors (NYSE: ZEV) and Forest River, Inc. have formed a strategic partnership to launch up to 7,500 zero-emission shuttle buses, valued at an estimated $850 million. Lightning eMotors will supply electric powertrains from its Loveland, Colorado facility for Forest River’s Indiana assembly plant. The joint venture aims to address the growing demand for electric vehicles in the commercial market, with buses expected to have ranges of 80 to 160 miles. Manufacturing has commenced, with initial deliveries planned before year's end.
Lightning eMotors (NYSE: ZEV) recently announced that a replay of its Analyst Day, held on June 17, 2021, is now accessible on the company's investor relations page. Specializing in commercial electric vehicles, Lightning eMotors has deployed zero-emission vehicle solutions since 2018 across various sectors including cargo vans and school buses. The company focuses on tailored fleet solutions, emphasizing energy efficiency and maximizing uptime through comprehensive software and charging solutions.
Lightning eMotors has announced leadership changes in its Lightning Energy division, appointing Brandon McNeil as vice president and Brian Barron as vice president of global manufacturing. McNeil, previously overseeing operations, will focus on charging infrastructure while Barron, with extensive manufacturing experience, will scale production. The company aims to enhance its growth plans and meet increasing customer demand. Lightning eMotors trades under the symbol ZEV on the NYSE.
Lightning eMotors reported a Q1 2021 revenue of $4.6 million, significantly up from $0.7 million in Q1 2020, despite facing supply chain challenges. The company delivered 31 zero-emission commercial vehicles and has a backlog of $169 million and a sales pipeline of $807 million. Following its merger with GigCapital3, Lightning eMotors plans to scale vehicle production to achieve revenue targets of $50 million to $60 million for 2021. However, the company anticipates operating losses will increase each quarter, reaching a negative gross margin due to supply chain issues.
Lightning eMotors, a provider of commercial electric vehicles, is completing its business combination with GigCapital3, approved by stockholders on April 21, 2021. The merged entity, now named Lightning eMotors, Inc., will start trading on the NYSE under symbols ZEV and ZEV.WS from May 7, 2021. Previously, GigCapital3 units will separate into one share and three-quarters of a warrant, ceasing to trade as a unit. Lightning eMotors focuses on zero-emission vehicle solutions for various commercial applications, enhancing the fleet industry's sustainability.
