Latest news with #AIEV
Yahoo
4 days ago
- Automotive
- Yahoo
Thunder Power Holdings, Inc. Provides Updates
AIEV Received Approval to Trade on the OTCQB Venture Market effective June 5, 2025 WILMINGTON, Del., June 6, 2025 /PRNewswire/ -- Thunder Power Holdings, Inc. (OTCQB: AIEV) ("Thunder Power" or the "Company"), a technology innovator and developer of premium passenger Electric Vehicles ("EVs") whose acquisition strategy is focused on addressing strategic gaps in the EV sector with a diversified approach across the clean energy value chain, today provided listing and operational updates. Highlights AIEV received its approval to trade on the OTCQB Venture Market effective June 5, 2025. AIEV received formal notification from the U.S. Securities and Exchange Commission's (SEC) Division of Corporation Finance, Office of Manufacturing, confirming the completion of the SEC's review of the Company's Revised Preliminary Proxy Statement on Schedule 14A, filed on May 29, 2025. AIEV plans to hold its Annual Meeting of Stockholders soon to approve the proposed issuance of shares pursuant to the Share Exchange Agreement with certain shareholders of Electric Power Technology Limited ("TW Company"), a Taiwan corporation traded on the Taipei Exchange under the code 4529. Stockholders will also vote on a proposal to affect a "reverse stock split," a strategic action intended to attract a wider range of institutional and retail investors, improve stock liquidity, and provide greater flexibility to support Thunder Power's growth strategy and capital-raising initiatives. Christopher Nicoll, Chief Executive Officer, commented, "Our recent receipt of the approval for the trading on the OTCQB Venture Market marks a pivotal step in Thunder Power's evolution, enabling us to expend our reach and deepen our collaboration with Electric Power Technology. At the same time, we are pleased to announce that we can now set the date for our Annual Meeting of Stockholders to approve the Share Exchange Agreement with certain stockholders of Electric Power Technology Limited. This strategic partnership opens up new opportunities across the electric vehicle value chain, allowing us to leverage our complementary strengths for mutual growth. In today's challenging market environment, the resilience and adaptability of our team have been key, and this new trading platform will help us broaden our investor base and strengthen our capital position. We are energized by the possibilities ahead and remain committed to building lasting value for our stockholders and partners as we pursue our vision for a smarter, cleaner mobility future." The Company also announced that its common shares began trading on the OTC Markets Group Inc.'s OTCQB Venture Market (the "OTCQB") under the ticker "AIEV" effective as of the open of trading on June 5, 2025. The OTCQB is recognized by the SEC as an established public market and requires companies to be current in financial reporting, undergo annual verification, and meet management certification standards. This uplisting supports Thunder Power's ongoing efforts execute its growth strategy across the clean energy value chain. Mr. Nicoll, added, "The proposed reverse stock split is a strategic initiative which aims to enhance the Company's visibility and appeal to a broader base of institutional and retail investors, improve liquidity, and strengthen its capital structure. This move is intended to position Thunder Power for accelerated growth, facilitate access to additional sources of capital, and support its long-term objective. The Board of Directors believes that the reverse stock split, if approved by stockholders, will provide greater flexibility to pursue strategic opportunities and partnerships as Thunder Power advances its ambitious business plan." Investors can find real-time quotes and market information on Thunder Power Holdings, Inc. at Share Exchange Transaction with Electric Power Technology Limited At the Annual Shareholders' Meeting, shareholders of the Company will vote on the proposed issuance of Common Stock pursuant to a Share Exchange Agreement. Under the Share Exchange Agreement, as amended, the Company will acquire approximately 30.8% of TW Company's total issued and outstanding shares in exchange for newly issued shares of Thunder Power common stock. . On March 4, 2025, TW Company announced that it entered into equity trading agreements with shareholders of Laiyang Solar Energy Co. (Laiyang) and Jinlaiyang Solar Energy Co. (Jinlaiyang) for the purchase of 4.4 megawatts generation capacity, which are expected to provide additional solar energy exposure for both TW Company and Thunder Power. Solar generation in Taiwan represented 5% of the electricity market in 2024. The Taiwanese government has set a target for 15% of the island's electricity to come from renewable energy sources by 2025. Solar is forecasted to grow to 35% of total installed generation capacity by 2035. TW Company is listed on the Taipei Exchange under the code 4529. Approval of this proposal will allow Thunder Power to acquire significant strategic assets and expand its footprint in the renewable energy sector. If approved by stockholders, the transaction is expected to enhance Thunder Power's access to advanced technologies and manufacturing capabilities in Taiwan, supporting its long-term growth and global expansion strategy. By issuing additional shares as part of this transaction, the Company will strengthen its capital base, accelerate its growth initiatives, and position itself to capitalize on emerging opportunities in both the electric vehicle and clean energy markets. The Board believes this issuance is essential for executing Thunder Power's long-term strategy and delivering sustainable value to its shareholders. The Company will continue to evaluate and pursue significant strategic transactions to strengthen its platform and expand its international footprint. Additionally, the Company continues to pursue partnerships and capital market initiatives to provide Thunder Power with greater financial flexibility as it moves toward commercialization of its clean energy strategy. About Thunder Power Holdings, Inc. Thunder Power is a technology innovator and a developer of innovative electric vehicles ("EVs"). The Company has developed several proprietary technologies, which are the building blocks of the Thunder Power family of EVs. The Company is focused on design and development of high performance EVs, targeting markets initially in Asia & Europe. Thunder Power's acquisition strategy is focused on addressing strategic gaps in the EV sector combined with a diversified approach across the clean energy value chain. For more information, please visit: Contact: AIEV Investor RelationsAIEV@ Forward-Looking Statements This press release contains certain statements that may include "forward-looking statements." All statements other than statements of historical fact included herein are "forward-looking statements." These forward-looking statements are often identified by the use of forward-looking terminologies such as "believes," "expects" or similar expressions, involving known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results or outcomes could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including but not limited to, (i) operational risks, such as the Company's ability to successfully execute on its business plan, its ability to complete the acquisition of Electric Power Technology Limited; its ability to receive stockholder approval to issue its common stock in relation to the Share Exchange Agreement; its ability to successfully acquire assets on terms that are favorable to the Company; its ability to integrate acquired assets effectively; and its ability to adapt operations in response to accidents, extreme weather events, natural disasters, and related economic effects; (ii) regulatory and compliance risks, such as the impact of new or amended governmental laws and regulations, including tariffs, clean energy policies, and environmental standards; changes in tax laws or tax-related matters; its ability to receive a successful audit outcome under Generally Accepted Accounting Standards; and its ability to maintain its listing on the OTCQB Venture Market; (iii) financial risks, such as the Company's liquidity position and ability to obtain additional financing, if necessary; foreign currency exchange rate fluctuations; interest rate volatility; the Company's current pre-revenue status and uncertainties surrounding its ability to generate revenue in the future, including potential delays in product development, market acceptance, or achieving profitability; (iv) market and industry risks, such as fluctuations in consumer acceptance and demand for electric vehicles; competition within the EV sector; the Company's ability to integrate solar power technology into its products as part of clean energy innovation initiatives; fluctuations in the availability and cost of raw materials critical for EV production; and advancements in battery technology or alternative energy solutions that may impact market dynamics, and (v) such known factors as are detailed in the Company's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, each as filed with the Securities and Exchange Commission, and in other reports filed by the Company with the Securities and Exchange Commission from time to time and available on the SEC's website ( All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these risk factors and those reported in the Company's filings with the Securities and Exchange Commission. Other than as required under the applicable securities laws, the Company does not assume a duty to update these forward-looking statements, except as required by applicable laws, regulations or rules. View original content: SOURCE Thunder Power Holdings, Inc. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
16-05-2025
- Automotive
- Yahoo
Faraday Future Announces Annual Stockholders' Day on May 31; Top 10 Attending Stockholders to Receive Exclusive Dinner Invitation with Company Executives, Including Co-CEO YT Jia
Further details regarding the FX Super One product launch event scheduled for the end of June will be announced during the event. Attending stockholders will also have the opportunity to view and experience multiple FX prototype mules onsite, including the FX Super One, the FX 6, and the planned model aiming to disrupt the RAV4 in the AIEV era. LOS ANGELES, May 16, 2025--(BUSINESS WIRE)--Faraday Future Intelligent Electric Inc. (NASDAQ: FFAI) ("Faraday Future", "FF" or "Company"), a California-based global shared intelligent electric mobility ecosystem company, today announced that it will host its Annual Stockholders' Day on May 31, 2025, from 1:00 PM to 5:00 PM Pacific Time at the Company's global headquarters in Los Angeles. The event will feature a personalized FF and FX vehicle ride experience with exclusive pre-order opportunities for those interested in pre-ordering an FX model. The event will also offer an open Q&A session with FF executives, and a special private dinner after the event for the top 10 verified stockholders as of May 14, 2025, offering an exclusive opportunity to engage directly with Company leadership. Registration Instructions Stockholders interested in attending in person must register by emailing events@ with the following information: Legal name Preferred nickname (optional, for leaderboard display) Number of FFAI common shares held as of May 14, 2025 (optional, if you are interested in attending the dinner). Proof of stockholding (e.g., screenshot of brokerage account relating to FFAI common stock). City and state of residence Phone number Email address By registering for this event, stockholders agree to provide certain personal information listed above, which will be used to manage their participation in the event and communicate important updates. Faraday Future values stockholder privacy and will handle provided personal information in accordance with its privacy policy. To learn more about how FF collects, uses, and protects personal data, please review FF's full privacy policy at Registration Deadline: May 30, 2025, at 5:00 PM PT All stockholders are welcome to our event. A real-time list of the 10 largest stockholdings as of May 14, 2025, registered for the event will be available at for reference purposes. Exclusive Dinner with FF Executives The ten largest stockholders as of May 14, 2025, who attend the Investor Day will be invited to attend a private dinner with Faraday Future leadership after the event, including Founder and Co-CEO YT Jia and Global CEO Matthias Aydt. If a selected stockholder is unable to attend or fails to meet verification requirements at check-in, the next eligible stockholder in the ranking will be invited as an alternate. On-Site Verification Requirements All attendees must present both: A live view of their FFAI stockholdings (or a report showing stockholdings as of May 14, 2025, if they are a dinner invitee) (e.g., via brokerage app). A valid government-issued photo ID. This initiative reflects Faraday Future's commitment to transparency, stockholder engagement, and long-term value creation as the Company accelerates toward its mission of revolutionizing the intelligent electric vehicle space. We look forward to seeing you at our Los Angeles headquarters. ABOUT FARADAY FUTURE Faraday Future is a California-based global shared intelligent electric mobility ecosystem company. Founded in 2014, the Company's mission is to disrupt the automotive industry by creating a user-centric, technology-first, and smart driving experience. Faraday Future's flagship model, the FF91, exemplifies its vision for luxury, innovation, and performance. The new FX strategy aims to introduce mass production models equipped with state-of-the-art luxury technology similar to the FF 91, targeting a broader market with middle-to-low price range offerings. FF is committed to redefining mobility through AI innovation. Join us in shaping the future of intelligent transportation. For more information, please visit View source version on Contacts Investors (English): ir@ Investors (Chinese): cn-ir@ Media: Error while retrieving data Sign in to access your portfolio Error while retrieving data
Yahoo
16-05-2025
- Automotive
- Yahoo
Faraday Future Announces Annual Stockholders' Day on May 31; Top 10 Attending Stockholders to Receive Exclusive Dinner Invitation with Company Executives, Including Co-CEO YT Jia
Further details regarding the FX Super One product launch event scheduled for the end of June will be announced during the event. Attending stockholders will also have the opportunity to view and experience multiple FX prototype mules onsite, including the FX Super One, the FX 6, and the planned model aiming to disrupt the RAV4 in the AIEV era. LOS ANGELES, May 16, 2025--(BUSINESS WIRE)--Faraday Future Intelligent Electric Inc. (NASDAQ: FFAI) ("Faraday Future", "FF" or "Company"), a California-based global shared intelligent electric mobility ecosystem company, today announced that it will host its Annual Stockholders' Day on May 31, 2025, from 1:00 PM to 5:00 PM Pacific Time at the Company's global headquarters in Los Angeles. The event will feature a personalized FF and FX vehicle ride experience with exclusive pre-order opportunities for those interested in pre-ordering an FX model. The event will also offer an open Q&A session with FF executives, and a special private dinner after the event for the top 10 verified stockholders as of May 14, 2025, offering an exclusive opportunity to engage directly with Company leadership. Registration Instructions Stockholders interested in attending in person must register by emailing events@ with the following information: Legal name Preferred nickname (optional, for leaderboard display) Number of FFAI common shares held as of May 14, 2025 (optional, if you are interested in attending the dinner). Proof of stockholding (e.g., screenshot of brokerage account relating to FFAI common stock). City and state of residence Phone number Email address By registering for this event, stockholders agree to provide certain personal information listed above, which will be used to manage their participation in the event and communicate important updates. Faraday Future values stockholder privacy and will handle provided personal information in accordance with its privacy policy. To learn more about how FF collects, uses, and protects personal data, please review FF's full privacy policy at Registration Deadline: May 30, 2025, at 5:00 PM PT All stockholders are welcome to our event. A real-time list of the 10 largest stockholdings as of May 14, 2025, registered for the event will be available at for reference purposes. Exclusive Dinner with FF Executives The ten largest stockholders as of May 14, 2025, who attend the Investor Day will be invited to attend a private dinner with Faraday Future leadership after the event, including Founder and Co-CEO YT Jia and Global CEO Matthias Aydt. If a selected stockholder is unable to attend or fails to meet verification requirements at check-in, the next eligible stockholder in the ranking will be invited as an alternate. On-Site Verification Requirements All attendees must present both: A live view of their FFAI stockholdings (or a report showing stockholdings as of May 14, 2025, if they are a dinner invitee) (e.g., via brokerage app). A valid government-issued photo ID. This initiative reflects Faraday Future's commitment to transparency, stockholder engagement, and long-term value creation as the Company accelerates toward its mission of revolutionizing the intelligent electric vehicle space. We look forward to seeing you at our Los Angeles headquarters. ABOUT FARADAY FUTURE Faraday Future is a California-based global shared intelligent electric mobility ecosystem company. Founded in 2014, the Company's mission is to disrupt the automotive industry by creating a user-centric, technology-first, and smart driving experience. Faraday Future's flagship model, the FF91, exemplifies its vision for luxury, innovation, and performance. The new FX strategy aims to introduce mass production models equipped with state-of-the-art luxury technology similar to the FF 91, targeting a broader market with middle-to-low price range offerings. FF is committed to redefining mobility through AI innovation. Join us in shaping the future of intelligent transportation. For more information, please visit View source version on Contacts Investors (English): ir@ Investors (Chinese): cn-ir@ Media:
Business Insider
21-04-2025
- Business
- Business Insider
Thunder Power receives delisting notice from Nasdaq
Thunder Power (AIEV) announced that the Company received a notice from The Nasdaq Stock Market LLC that after a hearing on April 15, 2025, it has determined to delist the Company's ordinary shares on Nasdaq Capital Market for its failure to comply with Nasdaq continued listing standards. Christopher Nicoll, Chief Executive Officer of Thunder Power, commented, 'We previously announced the transfer of our listing from the Nasdaq Global Market to the Nasdaq Capital Market, effective on March 28, 2025. However, after a hearing with a Nasdaq listing committee last week, we were unexpectedly notified of our delisting. Once we have executed on our M&A activities and are qualified, we will reapply to once again be listed on Nasdaq. Stay Ahead of the Market: Discover outperforming stocks and invest smarter with Top Smart Score Stocks. Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener.
Associated Press
10-02-2025
- Automotive
- Associated Press
Faraday Future's FX Brand to Ship First FX 6 Prototype Mules to U.S. Headquarters, Kicking Off the Product Development and Testing Phase
LOS ANGELES--(BUSINESS WIRE)--Feb 10, 2025-- Faraday Future Intelligent Electric Inc. (Nasdaq: FFIE) ('FF', 'Faraday Future', or the 'Company'), a California-based global shared intelligent electric mobility ecosystem company, today announced that FF China will ship two FX 6 prototype mules to its Los Angeles headquarters later this month from FF China. The shipment of the two test mules, both of which will be branded as 'FX 6 Series' models, signifies a further step in the FX brand's plan to bring affordable mass market AIEV's to the marketplace. The shipment of the prototype mules also marks the official launch of the development and testing phase for this model in the U.S. and will allow continuous road testing on various systems. This press release features multimedia. View the full release here: The camouflaged FX 6 (Photo: Business Wire) Upon arrival in the U.S., the FX team will conduct compliance validation and in-depth testing on key aspects such as ADAS and autonomous driving, propulsion system, intelligent cabin, and overall user experience. The FX 6 models would eventually be assembled at FF's facility in Hanford, CA, where the Company's FF 91 2.0 is currently produced. FX is advancing a new chapter in the Company's strategy and will target the mass market segment with three planned models: an AI-MPV product—named the Super One, the FX 5, with a price target between $20,000-$30,000, and the FX 6, with a price target between $30,000-$50,000. FF plans to unveil further updates on the FX 6 series and the latest on the Company's overall FX strategy in March. 'The shipment of the FX 6 camouflaged prototype mules signifies that our product development is moving forward into a more detailed and rigorous validation phase,' said Xiao (Max) Ma, Global CEO of FX. 'The FX leadership team recently traveled to China, where we continued in our extensive discussions with potential partners and supply chain collaborators, achieving positive results that could solidify the FX 6 development process.' ABOUT FARADAY FUTURE Faraday Future is the pioneer of the Ultimate AI TechLuxury ultra spire market in the intelligent EV era, and the disruptor of the traditional ultra-luxury car civilization epitomized by Ferrari and Maybach. FF is not just an EV Company, but also a software-driven intelligent internet Company. Ultimately FF aims to become a User Company by offering a shared intelligent mobility ecosystem. FF remains dedicated to advancing electric vehicle technology to meet the evolving needs and preferences of users worldwide, driven by a pursuit of intelligent and AI-driven mobility. FORWARD LOOKING STATEMENTS This press release includes 'forward looking statements' within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words 'estimates,' 'projected,' 'expects,' 'anticipates,' 'forecasts,' 'plans,' 'intends,' 'believes,' 'seeks,' 'may,' 'will,' 'should,' 'future,' 'propose' and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements, which include statements regarding a the production of the Super One, the FX 5 and the FX 6, are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company's control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, that may affect actual results or outcomes include, among others: the Company's ability to secure the necessary funding to execute on the FX strategy, which will be substantial; the Company's ability to secure necessary agreements to produce FX vehicles in the U.S., the Middle East, or elsewhere, none of which have been secured; the Company's ability to homologate any FX vehicle for sale in the U.S., the Middle East, or elsewhere; the Company's ability to secure necessary permits at its Hanford, CA production facility; the Company's ability to continue as a going concern and improve its liquidity and financial position; the Company's ability to pay its outstanding obligations; the Company's ability to remediate its material weaknesses in internal control over financial reporting and the risks related to the restatement of previously issued consolidated financial statements; the Company's limited operating history and the significant barriers to growth it faces; the Company's history of losses and expectation of continued losses; the success of the Company's payroll expense reduction plan; the Company's ability to execute on its plans to develop and market its vehicles and the timing of these development programs; the Company's estimates of the size of the markets for its vehicles and cost to bring those vehicles to market; the rate and degree of market acceptance of the Company's vehicles; the Company's ability to cover future warranty claims; the success of other competing manufacturers; the performance and security of the Company's vehicles; current and potential litigation involving the Company; the Company's ability to receive funds from, satisfy the conditions precedent of and close on the various financings described elsewhere by the Company; the result of future financing efforts, the failure of any of which could result in the Company seeking protection under the Bankruptcy Code; the Company's indebtedness; the Company's ability to cover future warranty claims; the Company's ability to use its 'at-the-market' program; insurance coverage; general economic and market conditions impacting demand for the Company's products; potential negative impacts of a reverse stock split; potential cost, headcount and salary reduction actions may not be sufficient or may not achieve their expected results; circumstances outside of the Company's control, such as natural disasters, climate change, health epidemics and pandemics, terrorist attacks, and civil unrest; risks related to the Company's operations in China; the success of the Company's remedial measures taken in response to the Special Committee findings; the Company 's dependence on its suppliers and contract manufacturer; the Company's ability to develop and protect its technologies; the Company's ability to protect against cybersecurity risks; and the ability of the Company to attract and retain employees, any adverse developments in existing legal proceedings or the initiation of new legal proceedings, and volatility of the Company's stock price. You should carefully consider the foregoing factors, and the other risks and uncertainties described in the 'Risk Factors' section of the Company's Form 10-K filed with the SEC on May 28, 2024, as amended on May 30, 2024, and June 24, 2024, as updated by the 'Risk Factors' section of the Company's first quarter 2024 Form 10-Q filed with the SEC on July 30, 2024, and other documents filed by the Company from time to time with the SEC. SOURCE: Faraday Future Intelligent Electric Inc. Copyright Business Wire 2025. PUB: 02/10/2025 01:44 AM/DISC: 02/10/2025 01:45 AM
