Deals

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.

Pony.ai will set up a joint venture in Saudi Arabia and establish a manufacturing and R&D center, according to local media.

CATL is supplying batteries for the Jiyue 01, which will be officially launched on October 27.

BeyonCa has signed separate agreements with a Saudi investor and a Middle Eastern distributor.