Deals

Ganfeng plans to set up a joint venture in Turkey, which plans to invest $500 million to build a lithium battery project with an annual capacity of 5 GWh in Turkey.

Mercedes-Benz and Volcano Engine have signed a memorandum of strategic cooperation to collaborate in areas including large models, generative AI and big data.

CATL invested hundreds of millions of dollars in Autoflight, the first known CATL investment in an eVTOL maker.

Syensqo said it and Nio will work together to advance the application and development of more advanced materials for NEVs.

BYD said its partnership with Rever will expand from passenger cars to segments including commercial vehicles in the future.

BYD has signed a memorandum of understanding with Ayvens to distribute electric passenger cars and light commercial vehicles for European customers.

This is the first project to begin implementation since Nio and FAW Group announced a strategic partnership framework agreement a month ago.

The Tener energy storage system has been integrated into Rolls-Royce's mtuEnergyPack QG solution.

Cheche expects to launch a customized digital insurance service system for Nio in the third quarter.

In the field of battery swap, CATL and BAIC will cooperate in areas including development of battery swap models with battery blocks, distribution of battery blocks, and battery data management.