Deals

  • EV battery maker Gotion signs supply deal with Geely's commercial vehicle division

    Gotion will supply power cell products to Geely New Energy Commercial Vehicle Group from 2022 to 2024, with an estimated total of 126,000 units.

  • Svolt Energy, BASF JV in China invest in lithium producer Yongshan Lithium

    Svolt Energy and BASF Shanshan will each take a 10 percent stake in Yongshan Lithium.

  • BYD strikes charging partnership with Shell after Nio

    BYD and Shell will first work together in China and Europe, and plan to set up a joint venture to develop an electric vehicle charging network in China.

  • CALB signs deal to build new battery plant with planned investment of about $1.57 billion

    CALB currently has seven manufacturing sites and aims to have 1,000 GWh of capacity by 2030.

  • BYD to equip some future models with Nvidia's DRIVE Hyperion platform

    BYD will equip some of its NEVs with the Nvidia DRIVE Hyperion platform from the first half of 2023 to enable smart driving and smart parking of vehicles.

  • Xpeng backs VC firm Rockets Capital's inaugural USD fund

    Xpeng is a strategic cornerstone funder as Rockets Capital closes its first round of funding for its inaugural US dollar fund, raising more than $200 million.

  • China's Envision to supply batteries for Mercedes-Benz's electric SUVs

    Envision AESC will supply power batteries for Mercedes-Benz's EQS and EQE, and plans to build a new plant in the United States.

  • Solid-state battery startup GTC Power closes over $7.8 million in funding

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

  • Sodium-ion battery startup Zoolnasm secures investment from property developer Country Garden

    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.

  • Nio forms strategic partnership with state-owned aluminum maker Chinalco

    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.