Avatr to acquire 10% stake in Huawei’s parts unit Newcool for $1.6 billion
After the transaction, Avatr will hold a 10 percent stake in Newcool, while Huawei will hold 90 percent.
Chinese lithium producer Ganfeng plans $500 million battery plant in Turkey
Ganfeng plans to set up a joint venture in Turkey, which plans to invest $500 million to build a lithium battery project with an annual…
Mercedes partners with ByteDance’s Volcano Engine to bring AI capabilities to cockpit
Mercedes-Benz and Volcano Engine have signed a memorandum of strategic cooperation to collaborate in areas including large models, generative…
CATL invests in Autoflight as it targets emerging eVTOL sector
CATL invested hundreds of millions of dollars in Autoflight, the first known CATL investment in an eVTOL maker.
Nio, Belgian chemicals maker Syensqo set up joint lab for new materials
Syensqo said it and Nio will work together to advance the application and development of more advanced materials for NEVs.
BYD acquires 20% stake in Thai dealer Rever Automotive
BYD said its partnership with Rever will expand from passenger cars to segments including commercial vehicles in the future.
BYD signs deal with French car leasing firm Ayvens to expand in Europe
BYD has signed a memorandum of understanding with Ayvens to distribute electric passenger cars and light commercial vehicles for European customers.
FAW Hongqi plugs into Nio’s charging network
This is the first project to begin implementation since Nio and FAW Group announced a strategic partnership framework agreement a month ago.
CATL, Rolls-Royce tie up to bring Tener energy storage system to Europe
The Tener energy storage system has been integrated into Rolls-Royce's mtuEnergyPack QG solution.
Online auto insurance platform Cheche announces partnership with Nio unit
Cheche expects to launch a customized digital insurance service system for Nio in the third quarter.