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TSLA

Tesla Inc (TSLA) has shared a guide on 48-volt vehicle architecture with Ford Motor Co (F) and other rivals, confirmed by Ford CEO Jim Farley. Initially thought to be a joke, the document provides detailed information on implementing the technology, which is used in Tesla's Cybertruck for benefits like faster charging and steer-by-wire capabilities. Farley thanked Tesla CEO Elon Musk for the contribution to the industry.

Portfolio Pulse from Anan Ashraf

December 07, 2023 | 12:22 pm

TM

Toyota Motor North America is expanding its battery recycling network through a collaboration with Cirba Solutions. This initiative is part of Toyota's commitment to sustainability and environmental responsibility, focusing on the lifecycle of batteries used in its vehicles. The partnership aims to enhance the recycling process and reduce the environmental impact of battery disposal.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 12:20 pm

MEI

Methode Electronics has reduced its FY25 net sales forecast from $1.25B-$1.35B to $1.15B-$1.25B, citing expected delays from customers with EV programs and program roll offs.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 12:18 pm

TALO

Talos Energy Inc. has provided an operational update, announcing that it expects first production from its Venice and Lime Rock discoveries to commence ahead of schedule by the end of 2023. This news indicates a positive development for the company's production capabilities and could potentially lead to increased investor confidence in its operational efficiency and project management.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 12:17 pm

CSIQ

Canadian Solar Inc. has secured a contract to supply and integrate a 500 MW / 1,170 MWh DC energy storage solution for the Coalburn 1 project, backed by Copenhagen Infrastructure Partners' flagship funds.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 12:15 pm

NABL

N-able, Inc. has announced new enhancements to its N-central platform, including a new device manager for Apple products and the integration of generative AI for script automation. These updates aim to improve the management of Apple devices and automate routine tasks, potentially increasing efficiency for users of the N-central platform.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 12:13 pm

ECVT

Ecovyst has announced a rebranding of its Advanced Silicas product portfolio. The rebranding initiative is aimed at better reflecting the company's commitment to innovation and sustainability in its products. The company's stock symbol is ECVT.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 12:11 pm

ALTR

Altair, in collaboration with Jaguar Land Rover (JLR) and battery manufacturer Danecca, announced receiving funding from the UK government to develop a new design process for electric vehicles. This initiative is part of a broader effort to advance the EV sector in the UK and could potentially lead to innovations in vehicle design and battery technology.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 12:10 pm

KYMR

SNY

Kymera Therapeutics has initiated a Phase 2 clinical trial for KT-474, aimed at treating atopic dermatitis. The first patient dosing has triggered a $15M milestone payment from their collaborator, Sanofi.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 12:09 pm

CYN

Cyngn Inc., an AI-powered autonomous driving solutions developer, has been granted its 17th US patent, US-11,837,089-B2. The patent covers a novel modular extensible behavioral decision system for autonomous vehicles, which takes into account environmental elements to inform the vehicle's decision-making process.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 12:08 pm