Streetbeat News

Partnerships

HSAI

Hesai Technology and Webasto have partnered to integrate Lidar technology into ADAS roof sensor modules. The partnership aims to enhance the safety and efficiency of autonomous driving systems.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2023 | 6:18 am

MIXT

MiX Telematics has announced a partnership with Parksafe Group in the UK to ensure compliance with Direct Vision Standard (DVS) and Fleet Operator Recognition Scheme (FORS). This partnership is expected to enhance the safety and efficiency of fleet operations.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2023 | 6:09 am

MGA

LG Magna e-Powertrain, a joint venture between LG Electronics and Magna International, is expanding its operations with a new facility in Miskolc, Hungary. The expansion is supported by the Hungarian government and local authorities.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2023 | 5:35 am

AMZN

Tuya Smart and Amazon Web Services (AWS) have partnered to establish an Internet of Things (IoT) Security Lab. The collaboration aims to enhance IoT security and promote the development of secure smart devices.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2023 | 5:30 am

TSLA

Tesla Inc has started its own diesel-powered train shuttle, the 'giga train', for employees at its Gigafactory in Berlin. The train can transport 400 people per ride from Erkner railway station near Berlin to the factory. The train will run about 60 times a day, five days a week, and will also serve the general public free of charge. Tesla acquired the track from Deutsche Regionaleisenbahn Group in January 2022.

Portfolio Pulse from Anan Ashraf

September 05, 2023 | 3:02 am

AAPL

META

Meta Platforms Inc. (NASDAQ:META) is reportedly partnering with LG Corporation to launch an upgraded Quest Pro virtual reality headset in 2025. The device could be priced around $2,000 and feature LG displays and components. Meta is also rumored to be planning a budget-friendly Quest headset for next year, priced under $200. The new high-end Quest is expected to compete against Apple Inc.’s (NASDAQ:AAPL) $3,499 Vision Pro headset.

Portfolio Pulse from Benzinga Neuro

September 05, 2023 | 1:56 am

NVDA

Nvidia Corp.'s CEO Jensen Huang met with India's Prime Minister Narendra Modi to discuss the potential of AI in India. Nvidia, which has been capitalizing on the AI momentum, recently reported Q2 results that exceeded projections and issued upbeat guidance. The company's A100 AI chip is widely used for training large-language models. Nvidia began its India operations in 2004 and now has four engineering development centers in the country, employing over 3,800 people and having more than 320,000 India-based developers in its program.

Portfolio Pulse from Shanthi Rexaline

September 04, 2023 | 6:50 pm

VLKAF

VWAGY

Volkswagen AG is reportedly prepared for Europe's 2035 ban on new sales of fossil-fuel cars, as it ramps up its electric vehicle lineup. The company plans to reduce its battery expenses through a 50% drop in cost at the cell level via its partnerships in China. In the first half of the year, Volkswagen led the European market in the BEV segment, with deliveries increasing by 68% to 217,100 vehicles. However, in China, first-half deliveries were around 2% below the previous year's level.

Portfolio Pulse from Nabaparna Bhattacharya

September 04, 2023 | 4:48 pm

AAPL

Apple Inc. (NASDAQ:AAPL) is partnering with Elon Musk's SpaceX to enhance the Emergency SOS capabilities of Apple's latest smartphones. Globalstar, Apple's partner, plans to spend $64 million over the next two years to use SpaceX's satellites. This partnership aims to improve the accessibility of emergency services for iPhone users, even without WiFi or cellular signal. These services are currently exclusive to the iPhone 14 line but are expected to be available with the upcoming iPhone 15 series.

Portfolio Pulse from Benzinga Neuro

September 04, 2023 | 1:53 pm

CHTR

DIS

Disney (NYSE:DIS) is in a contract dispute with Charter Communications (NASDAQ:CHTR) over the terms of a new agreement for carrying its channels. Charter argues that Disney is demanding higher fees for its channels without waiving charges for its streaming services. Disney maintains that it has offered Charter favorable terms. The dispute has led to Charter disconnecting Disney’s channels for its 15 million customers. This could impact Disney’s significant revenue from traditional TV, which brought in $28.4 billion and profits of $8.5 billion last year.

Portfolio Pulse from Benzinga Neuro

September 04, 2023 | 9:51 am