WAVE Charging Sets Industry Milestone with First-Ever OEM-Approved Commercial Wireless Charging Integration in Kenworth's Class 6 Electric Trucks
January 24 2024 - 7:30AM
WAVE Charging, a wholly-owned subsidiary of Ideanomics (NASDAQ:
IDEX) and developer of high-power, wireless inductive charging
solutions for medium- and heavy-duty commercial vehicles proudly
announces a groundbreaking achievement in the commercial EV
industry. The company has successfully integrated its high-power
wireless charging technology into Kenworth's Class 6 electric
trucks, specifically the K270E and K370E models, marking the first
OEM-approved high-power wireless charging integration of its kind.
This milestone is the result of six months of collaborative
engineering efforts between WAVE Charging, Kenworth, Dana
Incorporated, and Inland Kenworth, showcasing the commitment to
innovation and pushing the boundaries of electric vehicle
technology.
What sets this apart?
WAVE Charging's OEM-approved wireless charging opens up new
possibilities for the industry and businesses:1.
Real-world Approved Integration: This
integration is already in use with a major logistics customer in a
commercial proof of concept project, demonstrating its practicality
and effectiveness in real-world applications.2.
Strategic Differentiator: At scale, Kenworth
and its dealers could have the opportunity to differentiate
themselves in the market by promoting trucks as "wireless-charging
ready." This potentially creates a unique selling point, attracting
customers interested in cutting-edge and convenient charging
solutions and perpetual vehicle operations.3.
Warranty Assurance: Unlike non-approved
aftermarket additions that risk voiding warranties, WAVE Charging's
integration is approved by both the OEM, Kenworth, and their
systems provider, Dana. This ensures that customers can benefit
from wireless charging without potentially compromising the
warranty on their vehicles.4. Potential for
Factory Installation: The integration paves the way for
the possibility of Kenworth offering wireless charging as a factory
option for their trucks. This could potentially revolutionize how
electric trucks are configured and ordered.
"Our collaboration with Kenworth, Dana, and Inland Kenworth
represents a significant leap forward in the commercial EV
landscape. Being the first to receive OEM approval for high-power
wireless charging integration is a testament to WAVE Charging's
dedication to driving innovation. This achievement not only
solidifies our position as market leaders but also sets a new
standard for the industry. We are excited about the possibilities
this opens up for OEMs, dealers, and logistics companies seeking
cutting-edge solutions." – Robin Mackie, Chief Operating Officer of
Ideanomics, WAVE Charging’s parent company.
WAVE Charging continues to lead the way in shaping the future of
electric mobility, with a focus on sustainable and convenient
charging solutions for commercial electric vehicles.
About WAVE Charging
Founded in 2011, with systems available from 125kW through to
ultra-high power, WAVE delivers made-in-America wireless EV
charging systems for the commercial fleet sector. With a
global-leading number of high-power, rigorously proven inductive
charging systems deployed, WAVE provides commercial fleet operators
with a faster, easier, and future-proof way to extend the range of
medium- and heavy-duty electric vehicles which avoid the hassle and
inefficiency of operations experienced with cable and pantograph
charging systems. Learn more at www.wavecharging.com.
About Ideanomics
Ideanomics is a global group with a simple
mission: accelerating the commercial adoption of electric vehicles.
By bringing together vehicles, charging and financing solutions
under one roof, we are the one-stop partner needed to simplify the
transition to and operation of any EV fleet. To keep up with
Ideanomics, please follow the company on social @ideanomicshq or
visit www.ideanomics.com.
About Dana Incorporated
Dana (NYSE:DAN) is a leader in the design and manufacture of
highly efficient propulsion and energy-management solutions that
power vehicles and machines in all mobility markets across the
globe. The company is shaping sustainable progress through its
conventional and clean-energy solutions that support nearly every
vehicle manufacturer with drive and motion systems; electrodynamic
technologies, including software and controls; and thermal,
sealing, and digital solutions. Based in Maumee, Ohio, USA, the
company reported sales of $10.2 billion in 2022 with 42,000 people
in 31 countries across six continents. With a history dating
to 1904, Dana was named among the "World's Most Ethical Companies"
for 2023 by Ethisphere and as one of "America's Most Responsible
Companies 2023" by Newsweek. The company is driven by a
high-performance culture that focuses on valuing others, inspiring
innovation, growing responsibly, and winning together, earning it
global recognition as a top employer. Learn more at
dana.com.
About Kenworth
Kenworth Truck Company, founded in 1923, is the manufacturer of
The World’s Best® heavy and medium duty trucks. Throughout 2023,
Kenworth is celebrating its historic 100th anniversary. To learn
more about the 100th anniversary celebration visit
www.Kenworth100.com. Kenworth is “Driving the Next 100 Years.”
Kenworth’s Internet home page is at www.kenworth.com. Kenworth is a
PACCAR company.
Safe Harbor Statement
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"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 terminology such as "believes,"
"expects" or similar expressions, involve known and unknown risks
and uncertainties, and include statements regarding our intention
to transition our business model to become a next-generation
financial technology company, our business strategy and planned
product offerings, our intention to phase out our oil trading and
consumer electronics businesses, and potential future financial
results. Although the Company believes that the expectations
reflected in such 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
could differ materially from those anticipated in these
forward-looking statements as a result of a variety of risks and
uncertainties, such as risks related to: our ability to continue as
a going concern; our ability to raise additional financing to meet
our business requirements; the transformation of our business
model; fluctuations in our operating results; strain to our
personnel management, financial systems and other resources as we
grow our business; our ability to attract and retain key employees
and senior management; competitive pressure; our international
operations; and other risks and uncertainties disclosed under the
sections entitled "Risk Factors" and "Management's Discussion and
Analysis of Financial Condition and Results of Operations" in our
most recent Form 10-K and Form 10-Q filed with the Securities and
Exchange Commission, and similar disclosures in subsequent reports
filed with the SEC, which are available on the SEC website at
www.sec.gov. All forward-looking statements attributable to the
Company or persons acting on its behalf are expressly qualified in
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these forward-looking statements.
Contacts:
Ideanomics, Inc.
Tony Sklar, SVP of Investor Relations
1441 Broadway, Suite 5116, New York, NY 10018
ir@ideanomics.com
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