Deals

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.

Nio and Maersk will explore cooperation in areas including order management, inventory management, and foreign spare parts and battery storage depots.

Huawei will recommend CATL as its first choice of power battery supplier for its partner car companies.

Honda is expected to purchase 123 GWh of pure electric vehicle power batteries in China from CATL between 2024 and 2030.