Deals

The joint sourcing program will reduce platform costs by sharing the combined scale of the two companies and leveraging Volkswagen's supply chain, Xpeng said.

HiPhi began production halt on February 18 -- the first working day after the Chinese New Year holiday -- sparking fears about its fate.

China Southern Power Grid Energy Storage will work with Nio Power in areas including battery banks, battery swap stations, and virtual power plants.

Huawei and M-Hero are still discussing specific partnership models, with those based on parts supply or the HI model being prioritized.

FinDreams' cells will be used in BorgWarner's LFP battery packs for commercial vehicles in Europe, the Americas and selected parts of Asia-Pacific.

Gotion plans to set up the institute with Hong Kong-listed Envision to conduct research on battery energy storage system technologies and business models.

At a time when the cost of fossil fuels is skyrocketing and sustainability is becoming increasingly important, Latin American consumers are eager for greener vehicles, Geely Auto said.

Since its inception in 2016, Nio Capital has raised five funds, including three US dollar funds and two RMB funds, with a total management scale of RMB 15 billion.

BYD and Raízen Power plan to build 600 new DC charging piles in eight major Brazilian cities.

United Nova said it will be the production supplier for Nio's first in-house developed 1200 V SiC module, helping the EV maker build on its leadership position in the 900 V high-voltage platform.