Envirotech Vehicles, Inc. - EVTV STOCK NEWS

Envirotech Vehicles (EVTV) reported a substantial increase in sales for Q2 2022, achieving $2,087,700, up from $188,266 in Q2 2021, primarily due to 21 vehicle sales during the quarter. However, total operating expenses rose to $1,833,066, leading to a net loss of $1,010,264, compared to a loss of $893,079 in the prior year. The company has cash and equivalents totaling $6,332,984, with working capital of $19,995,467. The recent uplisting to Nasdaq is expected to enhance visibility and investor engagement as the company focuses on scaling production of its electric vehicles.

Envirotech Vehicles, Inc. (OTCQX:EVTV) will hold a conference call on August 15, 2022, at 5:00 p.m. ET to discuss its second quarter and six-month results ending June 30, 2022. Interested parties can access the live webcast here, or join by phone at (844) 602-0380, international callers should dial (862) 298-0970. A replay will be available until August 29, 2022, by calling (877) 481-4010 with passcode 46384. Envirotech focuses on zero-emission electric vehicles for various sectors, addressing cost stability and regulatory compliance.

Envirotech Vehicles, Inc. (NASDAQ:EVTV) has announced its first commercial electric vehicle dealer in Arkansas, DaVinci Innovations (DVI). This partnership aims to enhance accessibility and convenience for customers purchasing zero-emission vehicles online. DVI, founded in 2022, allows businesses to view inventory and make purchases directly through its website, facilitating the delivery of vehicles from Envirotech's manufacturing facility. CEO Phillip Oldridge emphasizes the significance of this development in promoting greener transportation alternatives.

Envirotech Vehicles, Inc. (NASDAQ:EVTV) announced its CEO, Phillip Oldridge, will ring the Nasdaq Opening Bell on July 7, 2022. This event celebrates significant achievements, including increased sales and deliveries, the construction of a new manufacturing facility in Osceola, Arkansas, and the company's uplisting to the Nasdaq Capital Market. Oldridge expressed gratitude to the team and shareholders for their support. Envirotech focuses on producing zero-emission electric vehicles for various sectors, addressing the demand for sustainable transportation solutions.

Envirotech Vehicles, Inc. (OTCQX: EVTV; EVTVD) has announced the approval for its common stock to be listed on the Nasdaq Capital Market under the symbol EVTV, starting July 6, 2022. This uplisting marks a significant milestone and follows a year of considerable growth, including increased vehicle deliveries and the establishment of a new manufacturing facility in Osceola, Arkansas. CEO Phillip Oldridge emphasized that this move will enhance company visibility and attract a broader investor base, ultimately driving shareholder value.

Envirotech Vehicles has partnered with the Arkansas Economic Development Commission to develop its first U.S.-based manufacturing facility in Osceola. This agreement aims to support construction, expansion, and hiring efforts, potentially adding over 850 full-time jobs in Mississippi County. The incentive package could be worth up to $27 million if fully realized. CEO Phillip Oldridge expressed optimism about ramping up EV production. The company's innovative vehicle line includes electric urban trucks and vans designed for various commercial applications.

Envirotech Vehicles (OTCQX: EVTV, EVTVD) announced the delivery of an additional van to a customer in New Jersey, bringing the total vehicles delivered under the NJ Zip voucher program to 17. This pilot program, funded by the New Jersey Economic Development Authority, offers up to $100,000 for businesses transitioning to zero-emission vehicles. CEO Phillip Oldridge highlighted that vehicle deliveries signify sales once accepted by customers. The NJ ZIP initiative is aimed at reducing emissions and fostering economic opportunities in specific New Jersey areas.

Envirotech Vehicles, Inc. (EVTV, EVTVD) announced the delivery of a zero-emission Class 4 truck to a California customer, aided by the California Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project. CEO Phillip Oldridge emphasized that revenue is recognized upon vehicle delivery and acceptance. The company focuses on offering electric vehicles to commercial fleets, addressing challenges like fuel cost instability and environmental regulation compliance. The press release included cautionary forward-looking statements regarding potential risks and uncertainties that may affect future performance.

Envirotech Vehicles announces the delivery of four additional vans to customers in New Jersey, increasing the total vehicles delivered under the NJ Zero Emission Incentive Program to 16. CEO Phillip Oldridge highlighted the ongoing success of the NJ ZIP program, which allocates $15 million in vouchers for businesses transitioning to zero-emission vehicles. The program provides vouchers worth $25,000 to $100,000, supporting environmental goals and economic opportunity. Envirotech focuses on electric vehicle solutions for commercial fleets and public institutions, promoting green technology.