Deals

Founded in 2020, GTC Power provides high energy density products and completed prototyping of 1Ah, 5Ah and 20Ah all-solid-state lithium batteries.

The importance of developing new, low-cost energy storage devices is becoming increasingly important, and sodium-ion batteries are one of the most logical alternative solutions, said an executive at Country Garden's venture capital arm.

Chinalco is the world's No. 1 supplier of alumina and No. 1 supplier of electrolytic aluminum, with operations in more than 20 countries and regions.

Nio has signed an agreement with state-owned CNTIC to provide solutions for the export, installation, commissioning and delivery of its battery swap stations.

An affiliate of Li Auto will invest RMB 400 million and a fund related to Nio's William Li will invest RMB 250 million.

Jidu and ZF have signed a strategic agreement to jointly develop smart chassis, which is seen as the hardware foundation for advanced autonomous driving technology.

Volkswagen is in discussions with Huawei about acquiring the latter's self-driving team and plans to announce further information by the end of March, local media said.

Nio has signed a strategic cooperation agreement with Hefei University of Technology and will build an innovation institute with it.

Volkswagen is in talks with Huawei with plans to buy the latter's self-driving unit for billions of euros, German media reported.

The Xpeng G9 will use an 800-volt high-voltage SiC electric drive system, and Nio's soon-to-be-delivered ET7 also uses SiC chips.