Deals

Nio and the CYVN entities will work together on strategic collaborations in international business and technology partnerships, the EV maker said.

The partnership, which went from discussion to agreement in just three weeks, demonstrates Abu Dhabi's commitment to investing in technology innovation and clean energy transformation, Nio said.

The investment will further strengthen Nio's balance sheet to power its continuous endeavors in accelerating business growth, driving technological innovations and building long-term competitiveness, said William Li.

Midea's automotive parts division, Welling, will provide thermal management products, including electric compressors, for the entire Xpeng model line.

Polestar will own 49 percent of the joint venture, with Xingji Meizu holding the remaining 51 percent.

Nio Capital participated in a RMB hundreds of millions Series A round of funding for CIX Technology, after previously co-leading the company's Pre-A round.

Voyah will raise a Series B round next and has plans for an initial public offering, its CFO said.

CATL and Arun Plus have entered into a CTP partnership agreement to provide the Thai company with a CTP production line and share CTP production technology.

Valeo and Didi Autonomous Driving will set up a joint R&D team to work on safety systems for L4 robotaxis.

Nio has acquired a 19.9 percent stake in Neo Fusion and Nio Capital has acquired a 10.1 percent stake.