Deals
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Li Auto signs strategic co-op framework agreement with southwest Chinese city Chongqing
Li Auto's founder said the company will increase its investment in Chongqing and deepen its strategic partnership with the city.
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Nio signs deal with another highway service area operator to build swap stations
Nio signed an agreement with Anhui Yida to jointly build 13 battery swap stations in highway service areas.
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Volkswagen China officially becomes largest shareholder of EV battery maker Gotion High-Tech
The number of shares held by Volkswagen China in Gotion has increased to 441 million shares, raising its stake to 26.47 percent.
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BYD, Niu Technologies-backed Niutron reportedly take over failed automaker Dorcen's plants
Niutron, the new energy vehicle brand founded by Niu Technologies founder Li Yinan, is expected to be officially launched on December 15.
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Svolt Energy closes about $940 million in Series B+ financing
The funds will be used mainly to develop new technologies and build new production bases and R&D centers.
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Chinese EV startup Neta gets about $310 million credit line from local bank
The funds will be used primarily for the development of its smart cockpit and smart driving technologies, and the construction of the sales and service systems.
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CATL to form joint venture with copper foil supplier
CATL's joint venture with Guangdong Jiayuan will build projects with an annual capacity of 100,000 tons of high-performance copper foil.
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Ford China confirms CATL as one of its battery suppliers
Ford's previous power battery supplier in China was BYD and used the latter's 811 ternary lithium battery in its Mustang Mach-E models.
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Nio signs deal in Norway with LeasePlan, one of Europe's largest car rental firms
LeasePlan was founded in 1963 and manages 1.8 million vehicles in more than 30 countries.
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BYD says its project with Toyota still confidential
A report earlier today said Toyota will launch an all-electric compact car in China in April next year that will use BYD's core technologies.
