Deals

Tesla said it is switching to LFP batteries for standard range vehicles globally, and BYD, which already has a factory in the US, has a better chance of winning as a supplier.

CATL will supply ELMS with 42-kWh of lithium iron phosphate batteries using cell-to-pack (CTP) technology similar to that used in Nio's battery packs.

Nio Capital said the energy storage industry is exploding and is bullish on Hyper Strong's extensive experience as a provider of energy storage system solutions.

The CAAM launched its blockchain-based Vehicle Data Blockchain Platform in late June, and the company is likely to be the operating entity for the platform.

Nio Capital managing partner Zhu Yan said he is bullish on the application of AR/VR glasses in automotive scenarios, especially the new possibilities of combining with in-car entertainment.

Black Sesame said the two funding rounds amounted to hundreds of millions of dollars, giving it a valuation of nearly $2 billion.

CATL's first European plant is under construction in Germany and aims to localize the production of lithium-ion batteries, the company said.

Leapmotor's overall sales target for 2025 is 800,000 units, the company said previously.

Jiangxi Special Electric Motor will supply Gotion High-tech with no less than 500 tons/month of battery-grade lithium carbonate, which can meet the raw material supply of at least 10 GWh of LFP batteries per year.

If an affiliation agreement is not signed in the current year, the default annual supply for the following year will be 10 GWh.