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Maxwell Technologies Surges 18% on Deal with General Motors

Strategic Insights

— 1 min read

Maxwell Technologies, a leader in advanced energy storage and power delivery, has secured a major deal with General Motors, with its ultracapacitor systems becoming a standard feature on many 2016 Cadillac ATS and CTS sedans and ATS coupes. This partnership marks a significant milestone for the company, as it becomes the first North American carmaker to integrate Maxwell's ultracapacitors into an enhanced start-stop system. The deal is expected to improve fuel economy, reduce emissions, and enhance vehicle performance. Maxwell's CEO, Franz Fink, highlighted the benefits of ultracapacitors, stating that they enable consumers to achieve the fuel economy they desire without compromising on performance.

Key Takeaways:

  • Maxwell Technologies' ultracapacitors will become a standard feature on many 2016 Cadillac ATS and CTS sedans and ATS coupes.
  • General Motors is the first North American carmaker to integrate Maxwell's ultracapacitors into an enhanced start-stop system.
  • The deal is expected to improve fuel economy, reduce emissions, and enhance vehicle performance.
  • Maxwell's ultracapacitors store energy in an electric field, enabling rapid charging and discharging, and operate consistently across a broad temperature range.
  • The partnership marks a significant milestone for Maxwell Technologies, as it cements its position in the automotive industry's drive towards vehicle electrification.
  • The company's deal with GM follows other partnerships, including one with Continental Automotive Systems.
  • Maxwell's CEO, Franz Fink, emphasized the benefits of ultracapacitors, stating that they enable consumers to achieve the fuel economy they desire without compromising on performance.

Statistics:

  • Maxwell Technologies' stock surged 18% on the news, closing at $6.02.
  • General Motors' enhanced start-stop system will feature Maxwell's ultracapacitors, expected to improve fuel economy, reduce emissions, and enhance vehicle performance.
  • Over 90% of 2016 Cadillac ATS and CTS sedans and ATS coupes will feature Maxwell's ultracapacitors as part of the enhanced start-stop system.
  • Maxwell Technologies has partnered with Continental Automotive Systems to develop the voltage stabilization system featuring its ultracapacitors.
  • The deal with GM marks a significant step in Maxwell's drive towards vehicle electrification.

Sources:

  • Seeking Alpha: "General Motors becomes First US Automotive OEM to Adopt Ultracapacitors for Start-Stop"
  • TheStreet: "Maxwell Technologies Surges 18% on Deal with General Motors"
  • Bloomberg: "Target Teaming Up With Instacart for Grocery Delivery"
  • Benzinga: "Microsoft Finds Resistance at $44...Again"

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