News & Perspective
Keep current on recent E.J. McKay news & industry trends.
EV Maker Xpeng Plans New Plant with Local Government Financing
Electric vehicle maker Xpeng Inc (XPEV.N) said on September 28th that it would start building a new car plant in China’s southern city of Guangzhou with 4 billion yuan ($590 million) in financing…
Palantir moves NYSE direct listing date to September 29, values around $25.9 billion
Palantir Technologies, a data analytics platform focused on the government and financial sectors, is expected to begin trading on the NYSE on Tuesday, September 29, 2020, according to an amendment filed with the…
NVIDIA to Acquire Arm for $40 Billion, Creating World’s Premier Computing Company for the Age of AI
NVIDIA and SoftBank Group Corp. (SBG) today announced a definitive agreement under which NVIDIA will acquire Arm Limited from SBG and the SoftBank Vision Fund (together, “SoftBank”) in a transaction valued at $40…
Japan’s powered prosthetic leg developer BionicM secures $5M in series A funding
Tokyo-based BionicM, the Japanese startup developing powered prosthetic legs, announced today that it has secured 550 million yen (about $5 million US) in a Series A round. Participating investors are The University of…
US EV startup Canoo draws investments from TPK, Yageo
“We consider this a financial investment. It would also be great if we could penetrate the supply chains of the electric vehicle start-up and other firms,” a TPK official said by telephone yesterday.TPK…
Chinese EV Maker XPeng Seeks to Raise $1.1 Billion in U.S. IPO
China is the world’s largest EV market, but also highly competitive. As public subsidies have been withdrawn, demand has fallen. A Tesla offensive to make cars locally has heaped more pressure on local…
