ATI Inc. (NYSE: ATI) has announced the securing of $1.2 billion in new sales commitments from prominent aerospace and defense companies. 

These commitments are expected to contribute an average annual revenue of $200 million from 2024 to 2029 and will be fulfilled through ATI's existing capital and capacity expansions. They encompass vital nickel and titanium materials for commercial engine and airframe applications, along with ground-vehicle armor. 

On Friday, $ATI closed at $39.29, down $0.25 (-0.63%)

A Polestar Automotive Holding's (Nasdaq: PSNY) subsidiary is partnering with Xingji Meizu Group for a strategic joint venture in China's EV market. 

The collaboration will combine Polestar's design and performance capabilities with Xingji Meizu's software expertise. The joint venture aims to develop a seamless operating system, including in-car apps and intelligent vehicle software, for Polestar cars sold in China.

Polestar will have a 49% stake in the joint venture, while Xingji Meizu will hold the remaining 51%. Xingji Meizu will be responsible for securing future financing for the joint venture, which will serve as the authorized sales and service entity in China, in addition to the initial capital provided by both companies. 

$PSNY closed at $4.03 (+2.54%) on Friday.

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