Deals
-
BYD's electronics unit to buy US firm Jabil's electronics making business in China for $2.2 billion
The acquisition will expand BYD Electronic's customer base and product boundaries and broaden its smartphone components business, BYD said.
-
Mona to be start of more brands for Xpeng, annual sales expected to be at least 100,000 units, says CEO
The Mona project will be the start of a second, or even third, brand for Xpeng, which will be predominantly aimed at general customers but also corporate customers, Xpeng's CEO said.
-
Xpeng's Mona project reportedly to launch 2 models by end of 2024
The Mona project will be aimed at both corporate and general consumers, but it's uncertain whether Xpeng will create an entirely new channel for the project, according to local media.
-
Xpeng surges over 14% in HK after deal with Didi announced
Xpeng saw its biggest one-day gain in early Hong Kong trading since the Volkswagen deal late last month.
-
Xpeng to acquire Didi's EV business, plans to launch new brand codenamed 'Mona' in 2024
The first model in the "Mona" program will be an A-class EV, to be launched in 2024 to expand into the popular RMB 150,000 segment.
-
Nio signs partnership deal with Singapore hospitality operator Ascott
In China, Ascott currently owns and manages over 200 properties in 42 cities.
-
Stellantis mulls tie-up with Chinese EV maker, report says
Stellantis has explored potentially working with Chinese EV makers, including Leapmotor, according to Bloomberg.
-
Xpeng denies after rumor that it will buy Maserati creates buzz
Earlier today, a rumor that Xpeng would acquire Maserati spread widely on Chinese social media.
-
Evergrande NEV, mired in losses, announces $500 million investment from Middle Eastern investor
NWTN will get a 27.5 percent stake in Evergrande NEV and the right to nominate a majority of the board of directors, valuing the Chinese carmaker at $1.82 billion.
-
Italian powertrain maker Mavel gets investment from Nio Capital, to be supplier of Nio's next-gen models
Mavel, founded in Italy in 1999, will be a supplier of core components for Nio's next-generation platform, Nio Capital said.
