Deals
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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.
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Xpeng secures land in Guangzhou for $236 million, expected to be used for R&D projects
The site is located less than 10 kilometers from Xpeng's headquarters building and will be used for new energy vehicle research and development projects.
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Toyota reportedly plans to launch EV with BYD technology in China
The model will be unveiled at the Beijing Auto Show next April and could cost less than 200,000 yuan ($30,000) and will only be sold in China.
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Nio enters into long-term strategic partnership with local tourism group
Nio and Nanjing Tourism Group will work together to improve the construction of Nanjing's energy replenishment facilities. It also becomes the latter's hospitality vehicle partner.
