Search results for Magna
Crypto
Kraken parent Payward revenue jumps on tokenization expansion
Kraken parent Payward posted adjusted first-quarter revenue of $507 million, Cointelegraph reported. Payward said futures trading rose 51 percent from a year earlier. Assets on the platform climbed 11 percent to $40 billion, while the number of funded accounts increased 47 percent to 6.1 million. Its tokenized stock platform xStocks expanded supported names to 100 and plans to increase them to more than 500 by end-2026.
Mobility
Xpeng in talks to acquire Volkswagen Europe plant as exports jump 62 percent
Chinese electric vehicle maker Xpeng is discussing a plant acquisition with Volkswagen to secure a production base in Europe, as capacity at its contract manufacturing line in Austria tightens. Xpeng produced G6 and G9 models for Europe at Magna Steyr in Austria and completed trial production of the 2026 P7+ sedan in January. Xpeng\'s April overseas exports rose 62 percent from a year earlier. Volkswagen is pursuing cuts to excess capacity in Europe and is considering transferring some capacity to Chinese partners.
Mobility
Tesla details robotaxi-only Supercharger buildout, barred to public
Tesla has applied for permits to build two robotaxi-only V4 Supercharger sites in Chandler and Mesa, Arizona, a first confirmed plan for charging infrastructure dedicated solely to autonomous vehicle operations. The sites would not be open to the public, unlike Tesla’s roughly 7,000 public Supercharger locations worldwide. The move follows a withdrawn February plan for a San Francisco charging hub and comes as Tesla expands robotaxi service beyond Austin.
