Deals
Nio reportedly to get over 10 billion yuan credit line from six Chinese banks
Chinese EV company Nio will receive a credit line of over 10 billion yuan ($1.4 billion) from six banks, according to Sina News.
Nio finalizes agreement to get 7 billion yuan strategic investment
Nio Morots has completed a final agreement to bring in strategic investors under which they will invest RMB 7 billion in Nio China.
Tesla agrees to buy CATL batteries for China-made Model 3s, report says
Tesla has agreed to buy prismatic lithium-iron phosphate batteries from Contemporary Amperex Technology (CATL), China's largest automotive lithium-ion battery maker, for its shorter-range Model 3 cars in China, the Financial Times reported on Wednesday citing people familiar with the matter.
CATL says co-op with Tesla only at stage of intent
Responding to the Tesla battery report, Contemporary Amperex Technology (CATL), China's largest automotive lithium-ion battery maker, said today the current cooperation with Tesla is only in the phase of intent agreement, and the specific details have not been determined.