Deals

The two companies will release product solutions for a next-generation, high-level smart driving platform in 2022, covering both high-speed and low-speed scenarios.

The launch of the station is just the first step in its partnership with IKEA, and more battery swap stations will appear in IKEA malls in the future, Nio said.

BYD and FAW Group have established a joint venture with a registered capital of RMB 1 billion, with a 51 percent and 49 percent stake, respectively.

Chile gave two of the five lithium mining contracts to BYD Chile SpA and Serviciosy Mineras delNorte.

Nio and Chinese steel producer Baoshan Iron & Steel (Baosteel) have entered into a strategic partnership to work together in areas including products and supply chain.

This is the first time we have seen Xpeng invest in a LiDAR maker. The LiDAR supplier for the Xpeng P5 is Livox and for the G9 is RoboSense.

The two aim to build Nio battery swap stations in at least 15 pairs, or 30 service areas, by June 2022.

Chinese customers who purchase the Xpeng P7 can upgrade the new intelligent voice assistant "Xiao P" via OTA, and Xpeng plans to introduce the technology to several other models.

In 2017, Xpeng partnered with Haima to OEM its first production car, the G3, when it did not have the qualifications to produce cars.

This is the third agreement Nio has signed with a highway service area operator in the past month.