Latest news with #FEV
Time of India
09-05-2025
- Automotive
- Time of India
Mahindra & FEV co-develop advanced LFP battery for electric SUVs
Mahindra and FEV, a German-engineering firm, have jointly developed a high energy density lithium iron phosphate (LFP) battery for Mahindra electric origin SUVs. The new battery system is available in two variants, offering a total capacity of 59 kWh and 79 kWh, and will be integrated into Mahindra's Electric Origin SUV portfolio. The new system displays fast-charging capabilities, achieving 20-80 per cent charge in just 20 minutes. Dr. Thomas Hülshorst, Global Vice President Electric Powertrain at FEV, said 'The test results are another proof for the excellent cooperation between our companies. By bringing together our competencies, we were able to develop an innovative battery system that is optimally tailored to the needs of the Indian target market.' R Velusamy, President Automotive Technology and Product Development, Mahindra & Mahindra Ltd., and Joint Managing Director, Mahindra Electric Automobile, said 'The results of the current tests as well as our longstanding and collaborative partnership makes us look to the future with great optimism. Our future joint products will also be designed to meet the highest safety standards and deliver a high energy density to enrich the market in the long term.' A rigorous safety and performance testing The development of the battery system took two years through the joint efforts of Mahindra and FEV. According to the company's statement, throughout the development process, the battery system underwent rigorous safety and performance testing at both the cell and pack levels. These tests were conducted at Mahindra's R&D facilities and FEV's eDLP, a high-voltage battery test centre located near Leipzig, Germany. The tests adhered to international standards set by organisations such as IEC, ISO, UL, SAE, and AIS. AIS is considered the most important regulation for the Indian market. The system consistently demonstrated stability and reliability, even under extreme conditions. The presale of the battery system commenced in mid-February, and it is now moving into series production.
Yahoo
08-04-2025
- Automotive
- Yahoo
Ex-Tesla employees aim to launch an electric roadster before Musk can
An automotive startup based in Britain aims to release an exclusive fully electric open sports car before Tesla can deliver its long-promised roadster model. Pre-orders are already being taken by Longbow Motors, which was founded in 2023 by Daniel Davey and Mark Tapscott, former Tesla and Lucid employees who also gained development experience at China's BYD. Production is due to start by 2026. Tesla fans are still waiting for a roadster from the company which was promised by chief executive Elon Musk in 2020 and again last year. Musk went on record as saying that the new Roadster "has to come behind the things that have a more serious impact on the good of the world". Power from an electric motor is not the problem with electrically driven sports cars but rather the weight that hampers performance. Longbow Motors said it wants to counteract this with its concept of "Featherweight Electric Vehicles" (FEV). The lightweight sports car will be available as a roadster and an open Speedster. Both cars should be very quick to to hit 100 km/h although no official figures or detailed specification have been released. The models are based on an aluminium platform which delivers a weight of 995 kilos for the hardtop and 895kg for the open Speedster. "There is a need for a driver-centred, featherweight electric sports car that is affordable and accessible to those who love driving and the places it takes them. That's why we developed Longbow," said co-founder and chief executive Daniel Davey in a release. Davey had been in charge of the launch of the Tesla Model 3 in Europe and was Lucid's first official representative beyond North America. Tapscott worked on the Lotus Elise. The Longbow Speedster is being launched as a limited edition of 150 vehicles at a price of around €102,000. Customers can also reserve the Luminary 1st Edition and Autograph Edition models, which are limited to 10 and 25 units respectively.
Yahoo
03-03-2025
- Business
- Yahoo
Should You Think About Buying FORTEC Elektronik AG (ETR:FEV) Now?
FORTEC Elektronik AG (ETR:FEV), is not the largest company out there, but it saw significant share price movement during recent months on the XTRA, rising to highs of €20.00 and falling to the lows of €15.20. Some share price movements can give investors a better opportunity to enter into the stock, and potentially buy at a lower price. A question to answer is whether FORTEC Elektronik's current trading price of €15.30 reflective of the actual value of the small-cap? Or is it currently undervalued, providing us with the opportunity to buy? Let's take a look at FORTEC Elektronik's outlook and value based on the most recent financial data to see if there are any catalysts for a price change. Check out our latest analysis for FORTEC Elektronik FORTEC Elektronik appears to be expensive according to our price multiple model, which makes a comparison between the company's price-to-earnings ratio and the industry average. We've used the price-to-earnings ratio in this instance because there's not enough visibility to forecast its cash flows. The stock's ratio of 18.98x is currently well-above the industry average of 13.47x, meaning that it is trading at a more expensive price relative to its peers. In addition to this, it seems like FORTEC Elektronik's share price is quite stable, which could mean two things: firstly, it may take the share price a while to fall back down to an attractive buying range, and secondly, there may be less chances to buy low in the future once it reaches that value. This is because the stock is less volatile than the wider market given its low beta. Future outlook is an important aspect when you're looking at buying a stock, especially if you are an investor looking for growth in your portfolio. Although value investors would argue that it's the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price. FORTEC Elektronik's earnings over the next few years are expected to increase by 56%, indicating a highly optimistic future ahead. This should lead to more robust cash flows, feeding into a higher share value. Are you a shareholder? FEV's optimistic future growth appears to have been factored into the current share price, with shares trading above industry price multiples. However, this brings up another question – is now the right time to sell? If you believe FEV should trade below its current price, selling high and buying it back up again when its price falls towards the industry PE ratio can be profitable. But before you make this decision, take a look at whether its fundamentals have changed. Are you a potential investor? If you've been keeping an eye on FEV for a while, now may not be the best time to enter into the stock. The price has surpassed its industry peers, which means it is likely that there is no more upside from mispricing. However, the positive outlook is encouraging for FEV, which means it's worth diving deeper into other factors in order to take advantage of the next price drop. If you'd like to know more about FORTEC Elektronik as a business, it's important to be aware of any risks it's facing. You'd be interested to know, that we found 4 warning signs for FORTEC Elektronik and you'll want to know about these. If you are no longer interested in FORTEC Elektronik, you can use our free platform to see our list of over 50 other stocks with a high growth potential. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Yahoo
29-01-2025
- Business
- Yahoo
Tutoring Giant's Sudden Demise Linked To End of Federal Relief Funds
One of the nation's leading tutoring providers shut down abruptly over the weekend, temporarily leaving thousands of students without the extra support they've depended on since the pandemic. FEV Tutor, a chat-based, virtual tutoring firm with contracts in districts from California to Florida alerted staff on Saturday that efforts to raise more money or find a buyer had failed. CEO Reed Overfelt cited 'worse-than-expected company performance' in his message to employees. Get stories like this delivered straight to your inbox. Sign up for The 74 Newsletter Get stories like this delivered straight to your inbox. Sign up for The 74 Newsletter Some districts promptly alerted families about the interruption in services. The Henrico County Public Schools in Virginia referred parents to other tutors, including teachers, 'to minimize the impact of FEV's closure.' The Ector County Independent School District in Texas asked its other provider, Air Tutors, if it could take on the 2,000 students FEV left behind. 'We found this all out on Sunday,' said Ector spokesman Michael Adkins. 'We'll have to work very quickly to change things over, but as of today, we are expecting we will be able to find a virtual tutor for all of our kids.' Related While districts and other tutoring providers might be able to cobble solutions together, FEV's demise is one of the more visible early signs of what school finance experts warned would happen when nearly $190 billion in pandemic relief funds ran out. Districts have less money to spend on vendor contracts, leaving companies that were in high demand a year ago having to rethink their future. Those that expanded at a rapid clip, like FEV Tutor, could be particularly vulnerable. 'We saw what you would expect with large government programs — a lot of folks rushing out with various models,' said Adam Newman, founder and managing partner of Tyton Partners, a consulting firm. 'A lot of those organizations grew too fast, too quickly.' With district contracts in at least 30 states and an estimated value of over $40 million, FEV Tutor was an 'early innovator in providing virtual tutoring services' through an on-demand, chat-based platform, Newman said. With customers including the New York, Baltimore and Dallas school districts, the company gave tutors access to an AI coach and engaged in innovative contracts in which tutors earned higher rates when students showed greater improvement. They were 'massive players' in the industry, and when districts started spending their relief funds , FEV was 'very well-positioned to win all these district [contracts],' added John Failla, founder and CEO of Pearl, a company that helps districts manage tutoring programs. 'They scaled up like crazy.' But while its closing was unexpected, the financial reality that caused it was not. A year ago, one expert noted that investments in ed tech had dropped back to pre-pandemic levels. Even in late 2022, 'rising inflation, interest rates, geopolitical crises and belt-tightening brought an end to the copious amounts of capital that defined the pandemic,' wrote Tony Wan, head of platform at Reach Capital. Districts were already 'preparing the chopping block for tools and services' that were nice to have but no longer necessary. Some districts also just prefer to manage their own tutoring programs. 'If you look at the districts [that] have succeeded in scaling tutoring the most, all of those have owned a lot of the process internally,' said Liz Cohen, policy director at FutureEd, a Georgetown University think tank. She cited Baltimore City, Guilford County, North Carolina, and Nashville as examples. 'Districts are increasingly focused on the relational part of tutoring. It can be virtual or in person, but it's someone who has a face and a name and that the kid knows.' The surprise isn't that FEV Tutors is a 'casualty' of the fiscal cliff, she said. 'But certainly, nobody expected them to shut down on a Saturday in the middle of the school year when they have active customers and employees.' FEV Tutors did not respond to an email requesting comment. A red banner at the top of its home page says the company 'ceased operations' on Jan. 25. The news clearly confused some parents. In response to an announcement on Facebook, some families in Harford County, Maryland, blamed the district and wondered if officials knew weeks ago that services would end so suddenly. Another wrote, 'There's clearly a mismanagement of money somewhere.' On the district's website, officials apologized for the disruption, saying they could not guarantee they would be able to 'find or implement a comparable solution at this time.' Marguerite Roza, the director of Georgetown University's Edunomics Lab, said she hasn't seen other pandemic-era vendors face such a dramatic end, but predicted 'there will be more in the coming months.' Software industry veterans Anirudh Baheti and Ryan Patenaude founded FEV Tutor in 2008, well before the pandemic. According to GovSpend, a data company, annual sales didn't top $1 million until 2018. By 2021, as districts began spending relief funds, sales jumped to over $6.3 million. Related In 2022, Alpine Investors, a private equity firm, acquired the company, and Patenaude said in a press release that he was excited about the 'next stage of FEV's growth.' Jim Tormey, an executive with Alpine, stepped in as CEO until Overfelt took over in 2023. FEV's work in Ector and Duval County, Florida, was also part of an innovative arrangement known as outcomes-based contracting. The company didn't just deliver tutoring; it promised better results for more money, and offered to take a pay cut if students didn't make progress. Such deals piqued the tutoring world's interest in recent years as policymakers increasingly called for evidence that relief funds weren't going to waste. Cohen, who featured FEV's work last year in a FutureEd report on tutoring, wrote in a commentary that the concept could help ensure districts 'get the best return on their investment and help build a culture of performance in public education.' FEV Tutor further evolved last year when it announced a new AI-enhanced platform, Tutor CoPilot. The tool makes tutors more effective by giving them guiding questions to ask students. In a randomized trial, the National Student Support Accelerator at Stanford University, which studies tutoring models, found that when less-experienced tutors used the AI support, student math scores increased an average of 9 percentage points. Related But that breakthrough apparently wasn't enough to turn business around. In his note to the company, Overfelt said he and the board of directors had 'explored every possible avenue to secure FEV Tutor's future,' but that talks with additional investors had 'reached their end.' Since FEV was on a pay-as-you-go contract, Adkins, in Ector, said the district wasn't worried about losing money. But FEV employees are suddenly out of a job. A customer service manager who once taught in the Las Vegas-area Clark County schools posted on LinkedIn that she was looking for work. And Jen Mendelsohn, CEO of Braintrust Tutors, said she spent Monday interviewing former FEV tutors. Many, she said, 'have long-term district relationships nationwide and are looking for ways to ensure academic continuity for their students.'
