Streetbeat News

Partnerships

ABVC

ABVC BioPharma has signed a term sheet to advance a partnership with Zhonghui United Technology. The partnership involves a planned acquisition of real estate assets via an equity transfer, estimated at $7.4 million. This has led to a rise in ABVC BioPharma's share prices.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 3:05 pm

BMWYY

HMC

HYMTF

MBGYY

STLA

Major automakers including BMW, GM, Honda, Hyundai, Kia, Mercedes Benz, and Stellantis are planning to invest at least $1 billion in a joint venture to build thousands of EV chargers in the US. The group aims to add around 30,000 fast chargers in urban and highway areas over several years. The investment model mirrors Europe's Ionity charging company, formed in 2017 with funding from many of the same automakers. Some automakers, like GM, Mercedes, Ford, Nissan, and Rivian, have deals with Tesla for partial access to its Supercharger network.

Portfolio Pulse from Anusuya Lahiri

July 26, 2023 | 2:58 pm

GOOGL

MSFT

NVDA

TSM

Nvidia Corp (NVDA) is in focus as Microsoft Corp (MSFT) and Alphabet Inc (GOOG, GOOGL) post strong quarterly results. Both companies highlighted the role of AI in their growth. A report suggests that Nvidia and OpenAI could collaborate on an AI model that can combine millions of GPUs. Nvidia has already supplied around 20,000 of its new AI GPUs to OpenAI for further expansion. Nvidia is also working with Taiwan Semiconductor Manufacturing Company Ltd (TSM) to increase supply.

Portfolio Pulse from Anusuya Lahiri

July 26, 2023 | 2:46 pm

VWAGY

XPEV

XPeng and Volkswagen have signed a technical collaboration agreement. Volkswagen will acquire 4.99% of XPeng's outstanding share capital for $700 million.

Portfolio Pulse from Bill Haddad

July 26, 2023 | 2:39 pm

BNRG

Brenmiller Energy has signed a Memorandum of Understanding (MoU) with India's largest solar panel manufacturer, Waaree Energies, to deploy thermal energy storage projects in India. This marks Brenmiller's entrance into the Indian market, aiming to help India transition to a 50% renewable energy supply by 2030.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 2:35 pm

BYDDY

TSLA

VWAGY

XPEV

Volkswagen AG (OTC:VWAGY) is investing in Chinese EV manufacturer XPENG Inc (NYSE:XPEV), acquiring a 4.99% stake for roughly $700 million. The two companies will also collaborate on the development of two B-class battery electric vehicles for the Chinese market. This move aligns with Volkswagen's strategy to focus on EVs and battery technology, and puts them in direct competition with BYD Company ADR (OTC:BYDDY), and Tesla Inc (NASDAQ:TSLA).

Portfolio Pulse from AJ Fabino

July 26, 2023 | 2:35 pm

EXPE

WMT

Walmart has partnered with Expedia Group to offer travel benefits to Walmart+ members. This new feature allows members to book hotels, flights, and car rentals through Expedia at a discounted rate.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 2:19 pm

SIRI

SiriusXM's advanced audio entertainment platform, SiriusXM with 360L, will debut in the fully electric 2024 Volvo EX30 and EX90 SUVs. The platform combines satellite and streaming content into a single in-vehicle entertainment experience. Customers purchasing or leasing SiriusXM-equipped vehicles in the US receive a three-month trial subscription to the SiriusXM Platinum Plan.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 2:11 pm

BLKB

Blackbaud has launched a refreshed partner program aimed at driving innovation and customer impact. The revamped program simplifies partner onboarding and offers new resources to grow the Blackbaud Partner Network.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 2:03 pm

BLNK

CHPT

EVGO

EV charging companies, including Blink Charging (BLNK), ChargePoint (CHPT), and EVgo (EVGO), are seeing their stocks rise following a Wall Street Journal report of a joint EV charging deal.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 1:59 pm