Deals

Chinese power and energy company Gotion Hi-tech has entered into a partnership with electric vehicle brand Leapmotor to supply the latter with electric cells.

EVE Energy is a much smaller player than CATL, a giant with half of China's power battery market share.

Nio is actively reinforcing its business through infrastructure-related collaborations.

Those with successful financing, mass production and deliveries, and annual sales of over 10,000 are a rarity, with only Nio, Xpeng Motors, Li Auto, Leap Motor, Neta, and WM Motor.

Under the agreement, Nio will provide Sansha with a fleet of smart electric vehicles and invest in charging and storage facilities.

The product pricing allows Neta to avoid direct competition with the US-listed Chinese EV trio Nio, Xpeng and Li Auto.

USTC's research strength in China is almost comparable to that of Tsinghua University and Peking University. The university is located in Hefei, Anhui Province, which is also home to Nio China's headquarters and the JAC Nio facility.

The direct sales model is seen as one of the key labels for emerging electric car companies, and now Xpeng Motors doesn't seem content with just that sales model.

Nio said reaching 500 battery swap stations this year was a conservative goal, so how is it going to exceed expectations? Today, that answer is revealed.

Sinopec Chairman Zhang Yuzhuo said the company will have 5,000 charging stations and battery swap stations by 2025.