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BYDDF

LI

NIO

XPEV

Chinese EV manufacturers are pivoting to Africa due to increased tariffs from the EU and US. Neta Auto has opened its first African store in Kenya and plans further expansion. Despite the tariffs, companies like BYD, NIO, XPeng, and Li Auto continue to grow globally.

Portfolio Pulse from Benzinga Neuro

July 08, 2024 | 11:00 am

KGEI

Kolibri Global Energy Inc. (NASDAQ: KGEI) expects Q2 revenue of $57M-$62M, driven by successful Nickel Hill wells. The company plans longer laterals and a share buyback to enhance field economics and shareholder value. Updated 2024 guidance includes a 14%-33% increase in average production and a 13%-23% increase in revenue.

Portfolio Pulse from Benzinga Newsdesk

July 08, 2024 | 10:57 am

WBX

Wallbox (NYSE:WBX) announced preliminary Q2 2024 revenue of approximately €49 million, marking a 50% year-over-year increase. The US market was a significant growth driver with a 65% YoY revenue increase. Detailed financial results will be released on August 1, 2024.

Portfolio Pulse from Benzinga Newsdesk

July 08, 2024 | 10:51 am

QBTS

ZPTA

Zapata Computing Holdings Inc (NASDAQ:ZPTA) and D-Wave Quantum Inc (NYSE:QBTS) have expanded their commercial partnership to accelerate the development of integrated quantum and generative AI solutions. This collaboration aims to enhance model training, performance, and energy efficiency using Zapata's Universal Generative AI software and D-Wave's Leap cloud platform.

Portfolio Pulse from Anusuya Lahiri

July 08, 2024 | 10:50 am

SPIR

Spire Global, Inc. (NYSE:SPIR) has secured a CA$1.41 million contract from the Government of Canada for ship tracking data, with the potential to expand the contract value to CA$4.23 million over three years.

Portfolio Pulse from Benzinga Newsdesk

July 08, 2024 | 10:49 am

OSK

Oshkosh Defense, a subsidiary of Oshkosh Corporation (NYSE:OSK), has secured a $231.9 million contract from the U.S. Army for modernized heavy tactical vehicles and related kits.

Portfolio Pulse from Benzinga Newsdesk

July 08, 2024 | 10:05 am

CMS

Consumers Energy plans to install 1,500 new EV charging stations in Michigan by the end of the decade, as part of its Transportation Electrification Plan. The initiative aims to support the growth of electric vehicles and clean transportation in the state.

Portfolio Pulse from Benzinga Newsdesk

July 08, 2024 | 10:03 am

POAHY

RIVN

TSLA

VWAGY

Volkswagen's subsidiary Porsche is accelerating its shift to electric vehicles by ending the production of some internal combustion engine models earlier than planned. This move follows Volkswagen's recent $5 billion investment in Rivian Automotive, a competitor to Tesla. Porsche will discontinue petrol-powered versions of its Macan SUV and 718 sports cars to focus on electric versions.

Portfolio Pulse from Benzinga Neuro

July 08, 2024 | 9:57 am

AAPL

Apple is reconsidering plans to manufacture iPads and AirPod cases in India, driven by the Indian government's initiative to attract more supply chains. The company is ramping up local production of iPhones and exploring partnerships with Jabil and Foxconn for AirPod components.

Portfolio Pulse from Nivedita Hazra

July 08, 2024 | 9:42 am

UXIN

Uxin Limited (NASDAQ: UXIN) has announced a strategic partnership with Zhengzhou Airport Industry to form a joint venture, Uxin (Zhengzhou) Intelligent Remanufacturing Co., Ltd. Uxin will contribute RMB120 million, while Zhengzhou Airport Industry will contribute RMB50 million. The joint venture aims to establish a new used car super store in Zhengzhou, promoting the automotive aftermarket industry in Henan Province.

Portfolio Pulse from Benzinga Newsdesk

July 08, 2024 | 9:09 am