Deals
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Nio signs deal to facilitate sales of vehicles to China's central govt agencies
It is not clear how many orders the agreement will bring to Nio, but its potential cannot be ignored.
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Xpeng gets qualified to draw high-precision maps with $39 million acquisition
Xpeng Motors has completed an RMB 250 million ($39 million) acquisition of a high-precision map provider, paving the way for it to support Navigation Guided Pilot (NGP) on urban roads.
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Volvo to acquire Geely Holdings' stake in China joint venture
Volvo announced on July 21 that it has reached an agreement with parent company Geely Holdings to acquire the latter's stakes in two joint ventures in China.
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Nio's affiliate takes stake in chip firm
The focus on chip companies for carmakers has never been stronger, and an affiliate of Nio has taken a stake in a Chinese chip company, further expanding its circle of friends in the field.
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CATL signs deal with Chinese city to establish another headquarters
In addition to the new headquarters, CATL will also work with Yibin to build a production base, an industrial ecosystem, an international training center, a new energy academy and a new energy industry fund.
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Leapmotor closes over $700 million Pre-IPO round of financing
Leapmotor will likely file for an IPO in the second half of this year and is expected to list on China's Nasdaq-style sci-tech innovation board, also known as the STAR market, in late 2021 or early 2022.
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Li Auto signs deal with Chinese LiDAR supplier
Li Auto recently signed an agreement with a Chinese LiDAR supplier to lay the groundwork for its new model to be released in 2022 with the component which is seen as key for autonomous driving.
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Gotion signs deal to develop first-gen unified battery cells for VW
Gotion will develop the first battery application with standard cells for VW's regular production models.
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CATL extends deal to supply lithium-ion power cells to Tesla
CATL signed an agreement with Tesla to supply lithium-ion power battery products to it from January 2022 to December 2025.
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Nio partners with Beijing real estate developer on battery swap station
Beijing Electronic Zone High-Tech Group said Friday it has entered into a partnership with Nio to bring the latter's second-generation battery swap station into its digital new media innovation industrial park in Beijing.
