Deals
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Nio confirms partnership with Sinopec, first 2nd-gen battery swap station to open at latter's gas station on April 15
The long-awaited partnership between Nio and fossil fuel energy giant Sinopec has finally been confirmed.
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Nio, Guangdong infrastructure giant sign 6-year agreement to build charging and battery swap facilities
The first phase will be the construction of five battery swap stations in highway service areas that Dongguan Development manages.
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Nio signs agreement with state-owned infrastructure firm to accelerate battery swap station construction
Under the five-year strategic cooperation agreement, the two companies agreed to cooperate in the construction of battery swap stations along the Beijing Capital Ring Expressway.
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Nio's co-op with Sinopec nears, Shanghai Securities News reports
"Don't be surprised to see Nio at Sinopec's gas stations in the future, the partnership between the two is approaching!" Shanghai Securities News said in a report today.
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Geely, Volvo abandon full merger
Geely's announcement claimed a "merger" between the two, but the content of the announcement showed that Geely and Volvo have essentially abandoned the previously anticipated full merger proposal.
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CATL reportedly to supply power cells to Hyundai Motor Group
Chinese battery supplier CATL is said to supply power cells to two models built on Hyundai Motor Group's E-GMP platform, with supplies set to begin in 2023, according to cls.cn, citing sources familiar with the matter.
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Nio partners with furniture retail giant to build 60 charging and battery swap stations
Under the agreement, Nio will receive support from Red Star for the construction and operation of the stations in 2021.
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BYD reportedly to buy Aston Martin at valuation of $5.7 billion
Chinese automaker BYD is preparing to buy Aston Martin at a valuation of 37 billion yuan ($5.7 billion) and help the British luxury car brand achieve full electrification, mydrivers.com quoted rumors as saying.
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Xpeng, Gaode Map partner to bring smarter navigation to P7
Alibaba-backed Auto-Navi Software Co., also known as Gaode Map, released its third-generation in-car navigation system on January 22, and Xpeng Motors is the first company to use it.
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Foxconn, Geely to set up joint venture to OEM for third-party auto firms
Foxconn and Geely each hold 50 percent of the shares, and the chairman will be appointed by Foxconn.
