Deals
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Xpeng signs partnership deal with home appliance giant Midea's auto parts unit
Midea's automotive parts division, Welling, will provide thermal management products, including electric compressors, for the entire Xpeng model line.
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Polestar partners with Geely's Meizu to make in-car operating system that caters to Chinese consumers
Polestar will own 49 percent of the joint venture, with Xingji Meizu holding the remaining 51 percent.
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Nio Capital ups bet on ARM CPU startup CIX Technology
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.
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Voyah secures $2.1 billion in credit lines from 6 local banks
Voyah will raise a Series B round next and has plans for an initial public offering, its CFO said.
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CATL to supply CTP battery pack production line to Thailand's Arun Plus
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.
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French auto parts maker Valeo to invest in Didi's autonomous driving unit
Valeo and Didi Autonomous Driving will set up a joint R&D team to work on safety systems for L4 robotaxis.
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Nio invests in nuclear fusion startup Neo Fusion
Nio has acquired a 19.9 percent stake in Neo Fusion and Nio Capital has acquired a 10.1 percent stake.
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Nio signs deal with Autoliv, world's largest maker of airbags and seat belts
Nio and Autoliv are working together to develop a new airbag concept that provides comprehensive protection for different seating positions.
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BYD secures new land in Guangdong for NEV projects
Since October 2021, BYD has acquired five mega industrial sites in the Shenzhen-Shanwei Special Cooperation Zone, with a combined area of more than 4.1 million square meters.
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BYD to supply batteries to China's largest diesel engine maker
BYD and Weichai Power will build a power battery development and manufacturing base in Shandong province, where the latter is headquartered.
