Deals
Nio invests in CAAM affiliate with 10% stake
The CAAM launched its blockchain-based Vehicle Data Blockchain Platform in late June, and the company is likely to be the operating entity for the platform.
Nio Capital invests in AR company Nreal
Nio Capital managing partner Zhu Yan said he is bullish on the application of AR/VR glasses in automotive scenarios, especially the new possibilities of combining with in-car entertainment.
Nio-backed self-driving chip maker Black Sesame closes new funding led by Xiaomi-backed fund
Black Sesame said the two funding rounds amounted to hundreds of millions of dollars, giving it a valuation of nearly $2 billion.
CATL steps up efforts in overseas markets by partnering with BASF
CATL's first European plant is under construction in Germany and aims to localize the production of lithium-ion batteries, the company said.
Leapmotor secures about $1.55 billion credit line from Chinese bank
Leapmotor's overall sales target for 2025 is 800,000 units, the company said previously.
EV battery maker Gotion signs deal to secure raw material supply amid soaring demand for LFP batteries
Jiangxi Special Electric Motor will supply Gotion High-tech with no less than 500 tons/month of battery-grade lithium carbonate, which can meet the raw material supply of at least 10 GWh of LFP batteries per year.
Huawei's auto partner Sokon signs five-year deal with CATL to guarantee battery capacity
If an affiliation agreement is not signed in the current year, the default annual supply for the following year will be 10 GWh.
Nio signs strategic partnership deal with real estate developer Times China
Nio and Times China will work together in areas including new energy facilities placement and brand marketing.
Xpeng reportedly signs battery supply deal with South Korea's SK Innovation
SK Innovation signed a contract with Xpeng in July to supply it with high nickel batteries with 80 percent nickel content, according to the report.
Neta signs deal with AI chipmaker Horizon, aims to release jointly built model next year
Neta is currently targeting the affordable market, though a series of recent moves suggest it could launch more competitive models next year.