Deals

CATL will provide technology and service support for the production of the LFP battery plant, while Ford will be responsible for cell and vehicle integration.

Nio has entered into strategic partnerships with highway authorities in Anhui, Zhejiang and Jiangsu in the more economically developed Yangtze River Delta region of China.

Gotion and InoBat will explore building a 40 GWh cell and Pack facility in Europe and explore producing energy storage batteries based on the latter's existing facility in Slovakia.

The agreement involves technical cooperation for new brands, projects and markets, as well as overseas business expansion, CATL said.

Xpeng has signed strategic partnership agreements with two mobility services companies and completed the first deliveries of Xpeng P7 vehicles under the cooperation.

GeForce NOW will enable occupants of these vehicles to stream games while parked or charging their NEVs, BYD said.

JAC's plan to buy Nio's assets may be to deepen its interest connection with Nio and solidify their vehicle OEM production relationship, industry watchers say.

JAC did not give a specific reason, but said the move will help it deepen its strategic partnership with Nio.

This is CATL's first direct partnership with an asset management company that operates energy storage projects, and the two will work to expand the partnership to 10 GWh.

Huiding, which was acquired by Nio, is one of the few insurance brokers in Anhui province that can conduct national operations.