Deals

Gotion has signed a new cooperation agreement to work with two partners on energy storage and new material development in Spain.

Nio Power has secured a RMB 1.5 billion ($207 million) strategic investment, the first external investment the unit has received, to support its continued infrastructure drive.

The two companies have agreed to engage in a comprehensive strategic partnership from 2025-2034, with Neta making CATL its preferred partner for vehicle power batteries.

SAIC and Audi are combining their resources to jointly develop a series of EV models, with the first product expected to go on sale in 2025.

Skyworth Auto has signed a 10-year partnership agreement with Saudi Arabia's KAG, with the first phase of a five-year partnership having a business plan worth RMB 10 billion ($1.38 billion).

Nio and GAC will work together to establish a unified battery standard and jointly develop battery swap-enabled passenger cars and battery swap stations compatible with models from both brands.

HiPhi has recently received a strategic investment from a Hong Kong-based organization that will help it resume operations and production, which could happen in late April or early May, according to local media.

WeLion and JAC Yiwei will work together to develop a model powered by 4695 large cylindrical semi-solid battery cells with a range of 600 km to 1,000 km.

Xpeng and Volkswagen's jointly developed E/E architecture is expected to equip Volkswagen-branded EVs produced in China from 2026.

Jaguar Land Rover will become the first luxury automaker to adopt Chery's platform, with the partnership close to being finalized, according to local media.