Streetbeat News

Partnerships

NXU

Nxu, Inc. has signed an LOI with Electric Outdoors to integrate Nxu's EV charging technology into EO's portable solar generation units, aiming to enhance the EV camping experience.

Portfolio Pulse from Charles Gross

February 29, 2024 | 11:32 am

BEEM

Beam Global announced that the City of Richmond, California, has chosen its EV ARC sustainable electric vehicle charging solution for their car share program, aimed at benefiting underserved communities.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 11:19 am

LVLU

Lulu's Fashion Lounge Holdings announced a collaboration with Gyrl Wonder, a nonprofit aimed at supporting ambitious women of color aged 17-23. This partnership aligns with Lulu's commitment to diversity and empowerment.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 11:15 am

VWAGY

XPEV

XPeng Inc. (NYSE:XPEV) and Volkswagen AG (OTC:VWAGY) have enhanced their partnership by signing an agreement to jointly develop two B-class battery electric vehicles (BEVs) and initiate a Joint Sourcing Program for vehicle parts. This collaboration aims to leverage both companies' strengths, reduce platform costs, and improve the competitiveness of their BEVs. Additionally, XPeng is expanding its global presence through a strategic partnership with Ali & Sons in the UAE, targeting markets in Egypt, Azerbaijan, Jordan, and Lebanon. XPEV shares saw a premarket increase of 3.67% to $9.05.

Portfolio Pulse from Nabaparna Bhattacharya

February 29, 2024 | 10:53 am

VWAGY

XPEV

XPENG and Volkswagen Group have entered into a Master Agreement for strategic technical collaboration and a Joint Sourcing Program. This partnership aims to reduce costs and has already achieved a major milestone in the development of B-class BEVs under the Volkswagen brand.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 9:05 am

MIELF

MIELY

Mitsubishi Electric has signed an agreement with Dispel to enhance its operational technology security business by integrating its factory-automation equipment and OT security solutions with Dispel's secure remote-access technology. This collaboration aims to provide a Zero Trust Remote Access Service for manufacturing facilities, facilitating digital manufacturing and strengthening Mitsubishi Electric's Circular Digital-Engineering business.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 8:36 am

CRL

Wheeler Bio, Inc. has entered into a strategic agreement with Charles River Laboratories International, Inc. (NYSE:CRL) to provide Wheeler Bio's Portable CMC platform to Charles River's clients, aiming to expedite the transition from pre-clinical stages to human clinical trials.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 7:28 am

BBY

Best Buy Co., Inc. (NYSE:BBY) is anticipated to report a decrease in Q4 earnings with an expected EPS of $2.51, down from $2.61 the previous year, and a projected revenue of $14.53 billion, slightly lower than $14.73 billion year-over-year. The company recently entered a strategic partnership with Bell Canada. Analysts have provided mixed ratings, with price targets ranging from $68 to $76. Best Buy's stock rose 0.8% to close at $79.68 recently.

Portfolio Pulse from Avi Kapoor

February 29, 2024 | 6:52 am

TSLA

Peter Blades, the lead interior designer for Tesla's Model 3 and Model Y, has joined aviation startup Skyryse as VP of Design. Blades, who has a decade of experience at Tesla and has worked with other major companies, will now focus on designing aircraft interiors for Skyryse. This move comes amid a series of key executive departures from Tesla over the past year.

Portfolio Pulse from Anan Ashraf

February 29, 2024 | 4:36 am

BABA

HOOD

SKGR

Webull Corporation is planning a U.S. listing through a merger with SK Growth Opportunities Corp. (NASDAQ:SKGR), valuing the combined entity at $7.3 billion. The move comes after Webull decided to divest its cryptocurrency trading operations due to regulatory challenges, aiming to comply with SEC requirements. This strategic pivot is seen as a key step in overcoming previous obstacles to going public. Webull, with 20 million users and $370 billion in equity notional volumes, also announced a partnership with the Brooklyn Nets and New York Liberty.

Portfolio Pulse from Piero Cingari

February 28, 2024 | 11:02 pm