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FREY

FREYR Battery (NYSE:FREY) has provided an update on its operational progress at the Customer Qualification Plant in Norway. The company remains on track to commence fully automated production in 4Q 2023. This key milestone will enable FREYR to produce and ship sample cells to customers including Nidec, which is expected to catalyze the Giga America project equity farm down process.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 10:06 am

PLTR

Palantir Technologies and PwC have announced a collaboration to combine Palantir's AI capabilities with PwC's industry experience. The alliance will leverage Palantir Foundry and Palantir's Artificial Intelligence Platform (AIP) to help clients identify strategies for value creation and operational transformation.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 10:04 am

AAPL

Apple Inc.'s newly launched iPhone 15 is facing user complaints about overheating and distorted audio issues. Users have reported problems with the device’s built-in speakers, particularly when the volume is turned up high. It is still uncertain if the issue is hardware-related or a software glitch. Apple has yet to acknowledge the issue.

Portfolio Pulse from Benzinga Neuro

October 04, 2023 | 10:03 am

KBR

KBR has signed a Memorandum of Understanding (MoU) with SolydEra to develop an integrated green ammonia solid oxide electrolyzer solution. The partnership aims to advance the production of green hydrogen and ammonia.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 10:02 am

RPD

Rapid7, a cybersecurity company, has announced the opening of a new office and security operations center in Prague. This expansion is part of the company's global growth strategy.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 10:02 am

VWAGY

Volkswagen AG has hired former Tesla, Rivian, and Google executive, Sanjay Lal, to address software issues in its electric vehicle (EV) sector. The company's Cariad software unit has been underperforming, causing delays in the launch of Porsche and Audi electric models. Lal will head a new software design hub for future EVs under the Cariad division. The move is seen as crucial for Volkswagen's ability to compete with industry leaders like Tesla and Rivian.

Portfolio Pulse from Benzinga Neuro

October 04, 2023 | 9:57 am

LI

MBGAF

NIO

TSLA

Chinese electric vehicle startups Nio, Inc. (NYSE:NIO) and Li Auto, Inc. (NASDAQ:LI) have been competing in the EV market. Over the past year, Li Auto has outperformed Nio with a 41% gain compared to Nio’s nearly 49% decline. Li Auto's sales performance has been consistent, with cumulative deliveries reaching 244,225 units by the end of September 2023. Nio’s year-to-date deliveries totaled 109,993 units. Nio's stock has been under pressure due to lukewarm deliveries and an aggressive price war led by Tesla. However, Nio's stock offers a better risk-reward due to its beaten-down nature, with analysts suggesting over 65% upside potential.

Portfolio Pulse from Shanthi Rexaline

October 04, 2023 | 9:57 am

TSLA

Tesla Inc. is extending its Cybertruck testing to Baja California, Mexico, and is also introducing new accessories. The move comes as anticipation builds for the official Cybertruck launch event. The Cybertrucks have been sighted in various locations including Ohio, Florida, and now Mexico. One of the Cybertrucks spotted in Mexico featured a graffiti decal and appeared to have an accessory bar and a potential Starlink antenna, a satellite-based internet service developed by SpaceX.

Portfolio Pulse from Benzinga Neuro

October 04, 2023 | 9:51 am

NUTX

Nutex Health Inc. (NASDAQ:NUTX) has announced that its affiliate, SE Texas ER & Hospital, will incorporate 24/7 behavioral health services along with emergency care. The initiative aims to expand the hospital's reach, provide a much-needed service in traditional ERs, and reduce ER boarding time. This could potentially open new doors for other Nutex-affiliated hospitals in the future.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 9:32 am

LCID

Lucid Group Inc. has teased images of its limited production Sapphire vehicles, which are seemingly ready for delivery. The Sapphire vehicles are expected to exceed the performance expectations of the Model S and are priced at $249,000 fully equipped before tax, title, registration, and other fees in the United States. The vehicles can achieve 0-60 mph in 1.89 seconds, 0-100 mph in 3.84 seconds, and the quarter mile in 8.95 seconds. They have a top speed of 205 mph and can deliver both 1,234 hp and an EPA-estimated range of 427 miles on a single charge.

Portfolio Pulse from Anan Ashraf

October 04, 2023 | 8:39 am