Deals

The new Freelander-branded models will initially be sold in China through a select network and will be exported to overseas markets in the future.

Mirattery, Nio's battery asset operator with more than 10 GWh of battery assets under management, has entered into a strategic partnership with Newrizon, a Nio Capital-backed company.

Neither Nio nor Astronergy have released details about the partnership. A reasonable guess is that Nio may install photovoltaic panels on the roofs of more battery swap stations.

The Moroccan government signed an investment agreement with Gotion for the gigafactory with initial battery capacity of 20 GWh.

Nio and GAC Group's energy units have entered into a charging network sharing partnership, the first substantial development in the collaboration between the two carmakers that was agreed a month ago.

STMicro said it will supply SiC power devices for Geely's multiple brands of mid- to high-end all-electric vehicles, helping to boost performance, speed up charging and extend range.

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.