Deals

Geely becomes the latest Chinese auto giant after Changan to enter into a partnership with Nio on battery swap.

Huawei will set up a company engaged in the R&D and production of smart driving systems and components, in which Changan plans to acquire no more than a 40 percent stake.

The two parties are exploring the possibility of forming a joint venture to further support Stellantis' electrification strategy.

The tie-up comes after Nio basically pulled out of a joint venture with Changan, marking the first external partner for Nio's iconic energy replenishment network.

Gotion will support Pod Point with energy storage systems and battery cells based on its lithium iron phosphate battery product development, design and manufacturing capabilities.

Saudi PIF could invest at least $250 million in Human Horizons at a valuation of $3 billion, and a deal could be reached as early as this year, according to Bloomberg.

At the current stage, Baolong and Nio will cooperate on products including air springs, wheel speed sensors, and optical rain sensors.

Stellantis will form a joint venture with Leapmotor, Leapmotor International, which will begin export operations in the second half of 2024.

As part of the deal, Leapmotor and Stellantis are also discussing a joint venture, according to Bloomberg.

Pony.ai plans to set up a joint venture with Neom in Northwest Saudi Arabia to provide autonomous driving technology solutions for the region.