Deals

BYD has bought the remaining 10 percent of Denza from Mercedes-Benz, after increasing its stake from 50 percent to 90 percent in 2022.

Jiyue CEO said the EV maker has entered into a strategic partnership with Nio on battery swap and will soon officially become part of Nio's battery swap alliance.

Nio and Chery have entered into a partnership that opens up Nio Power's charging network to brands including Chery, Exceed and Jetour.

CATL is in talks to buy photovoltaic module supplier DAS Solar, which ranked No. 8 globally in PV module shipments in the first half of this year, according to local media.

Nio has signed an agreement with Suzhou Energy Group, a Chinese state-owned enterprise, to jointly promote charging and battery swap infrastructure.

Hedin Electric's parent company will transfer its distribution activities of BYD vehicles and spare parts in the German market to BYD in a deal expected to close in the fourth quarter of 2024.

The first Fang Cheng Bao model to feature Huawei's Qiankun ADS 3.0 is the Bao 8 off-road SUV, which will go on sale after the third quarter.

The deal values Newcool at RMB 115 billion, the same as when Avatr bought a 10 percent stake earlier this month.

Newcool's business scope will cover full-stack solutions for smart cars and is expected to grow into China's largest smart car solution provider, analysts said.

After the transaction, Avatr will hold a 10 percent stake in Newcool, while Huawei will hold 90 percent.