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NIO

Chinese electric vehicle maker Nio Inc. has reduced the delivery wait time for its ES8 model in China from 8-9 weeks to 6-7 weeks. This is the first change in wait times for any of Nio's models in the past month. The ES8, Nio's first production vehicle, has reported strong deliveries recently with 1,917 units delivered in July, a 226.02% increase from June. The company plans to release and start deliveries of the updated EC6 model in September.

Portfolio Pulse from Benzinga Neuro

September 01, 2023 | 9:28 am

KIMTF

TSLA

Kia America (OTC:KIMTF) reported record-breaking sales in August 2023, marking the company's most successful August sales and the second-highest monthly total in its history. The company sold 72,147 units, a 9% increase from the previous record set in 2022. Sales of battery-electric vehicles doubled compared to August 2022, and utility vehicle sales saw a 14% YoY increase. Kia also made headlines with the upcoming launch of its compact electric SUV, the EV5, in China, which is competitively priced against Tesla Inc.’s (NASDAQ:TSLA) Model Y.

Portfolio Pulse from Benzinga Neuro

September 01, 2023 | 9:27 am

YUMC

Yum China Holdings has opened China's first complete renewable energy cold chain logistics center, which will operate on carbon-neutral power. This move is part of the company's commitment to sustainability and reducing its carbon footprint.

Portfolio Pulse from Benzinga Newsdesk

September 01, 2023 | 9:10 am

AAPL

Apple Inc. (NASDAQ:AAPL) has explained why it abandoned plans to scan iPhones for child sexual abuse material (CSAM), citing privacy concerns and potential unintended consequences. The company faced backlash from cybersecurity and privacy experts when it announced the plans, leading to their eventual cancellation. Instead, Apple has introduced on-device CSAM detection within apps and launched an API for third-party apps to implement it without impacting user privacy.

Portfolio Pulse from Rounak Jain

September 01, 2023 | 9:10 am

MA

ZEPP

Zepp Health has launched its new product, Amazfit Balance Smartwatches, which come with AI-empowered features. Additionally, the company has introduced Zepp Pay, a payment system powered by Mastercard.

Portfolio Pulse from Benzinga Newsdesk

September 01, 2023 | 8:42 am

TSLA

Tesla Inc has removed its recently introduced standard range Model S and X versions from its website, just weeks after their U.S. debut. These variants were priced $10,000 lower than the long-range models. Tesla has also reduced prices by up to 19% on the remaining models, making the Model X eligible for a $7,500 EV tax credit. This adjustment reflects Tesla’s strategy to streamline its offerings and maximize affordability for customers.

Portfolio Pulse from Anan Ashraf

September 01, 2023 | 8:08 am

AAPL

GOOG

GOOGL

Apple Inc. has discontinued its iTunes Movie Trailers app and website, redirecting users to its TV platform. The decision reflects the significant evolution of the digital landscape since the service's inception in the late 1990s. The app and site had become outdated with the expansion of trailers on platforms like Alphabet Inc.’s YouTube.

Portfolio Pulse from Ananya Gairola

September 01, 2023 | 7:50 am

TSLA

Tesla, Inc. (NASDAQ:TSLA) has reduced the prices of its Model S and Model X electric vehicles in the U.S. by up to 18.8%. The price adjustments make the Model X eligible for a government EV tax credit of $7,500. Tesla has also made all color options for Model S and X vehicles free and reduced the price of its full self-driving software from $15,000 to $12,000. Despite these changes, Tesla's stock performance remains mixed.

Portfolio Pulse from Shanthi Rexaline

September 01, 2023 | 6:18 am

RHHBF

RHHVF

Roche's Alecensa has achieved a significant breakthrough in the Phase III ALINA study for early-stage ALK-positive lung cancer treatment.

Portfolio Pulse from Benzinga Newsdesk

September 01, 2023 | 6:12 am

BLDP

QUANTRON and Ballard Power Systems have unveiled ready-to-deliver fuel cell-powered trucks. This collaboration aims to provide a sustainable and efficient solution for transportation.

Portfolio Pulse from Benzinga Newsdesk

September 01, 2023 | 6:06 am