Deals

Eve Energy said it has finalized a cell supply relationship with BMW to provide large cylindrical lithium-ion cells for the latter's Neue Klasse line of models.

CATL will supply BMW with new cylindrical cells with a standard diameter of 46 mm, which will be produced at two battery plants in China and Europe.

The financing will be used to support the 2024 debut of ClearMotion's fully active suspension CM1, which eliminates the sway in the car that disrupts the ride.

Nio is expected to receive a small batch of 150-kWh semi-solid-state batteries from WeLion in September and start using them in the fourth quarter, according to a previous media report.

The joint venture aims to create a new energy truck ecosystem to help cities' electrification transition, CATL said.

The latest financing brings Sunwoda EVB's valuation to about RMB 30 billion and takes it one step closer to a spin-off IPO.

Nio will collaborate with its partner to build charging stations and battery swap stations on major highways and high-traffic service areas in Henan.

Tencent is the largest institutional shareholder of Nio, and its holding subsidiary Tencent Music entered into a partnership with Dolby Laboratories last month.

CATL has supplied Yutong with a cumulative total of 19 GWh of power batteries used in nearly 150,000 new energy buses.

In late July, two Chinese companies just made announcements that they will supply Tesla with ternary precursors for battery materials.