Deals

  • Nio signs deal with state-owned firm to facilitate export of its swap stations Nio

    Nio signs deal with state-owned firm to facilitate export of its swap stations

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

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  • Nio, Xpeng, Li Auto to take stake in battery maker Sunwoda's subsidiary Nio

    Nio, Xpeng, Li Auto to take stake in battery maker Sunwoda's subsidiary

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

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  • Jidu, ZF enter partnership to jointly develop smart chassis EV Industry

    Jidu, ZF enter partnership to jointly develop smart chassis

    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.

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  • Volkswagen reportedly plans to acquire Huawei's self-driving team with further details expected by end of March Huawei

    Volkswagen reportedly plans to acquire Huawei's self-driving team with further details expected by end of March

    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.

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  • Nio partners with another university, will establish innovation institute focused on forward-looking technologies Nio

    Nio partners with another university, will establish innovation institute focused on forward-looking technologies

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

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  • Volkswagen reportedly plans to buy Huawei's self-driving unit Huawei

    Volkswagen reportedly plans to buy Huawei's self-driving unit

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

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  • Xpeng invests in local SiC chip supplier Xpeng

    Xpeng invests in local SiC chip supplier

    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.

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  • BYD said to have secured Tesla's battery order for 204,000 vehicles per year BYD

    BYD said to have secured Tesla's battery order for 204,000 vehicles per year

    BYD's batteries for Tesla will begin mass production in March, and Tesla cars with the blade batteries are expected to hit the market in the second quarter, the latest rumor says.

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  • Sinopec invests in Nio Capital's portfolio company that produces carbon fiber materials EV Industry

    Sinopec invests in Nio Capital's portfolio company that produces carbon fiber materials

    Sinopec has acquired a 49.9 percent stake in Feize, whose core business is the manufacture of lightweight carbon fiber composites.

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  • Jidu closes nearly 0 million Series A funding as Baidu ramps up its EV push EV Industry

    Jidu closes nearly $400 million Series A funding as Baidu ramps up its EV push

    The funding round, from Baidu and its strategic partner Geely, will help JiDU accelerate the development and mass production of its first robot car.

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