Geely becomes the latest Chinese auto giant after Changan to enter into a partnership with Nio on battery swap.
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Category: Deals
Changan, Huawei sign MoU to set up JV that aims to be world’s leading parts supplier
Huawei will set up a company engaged in the R&D and production of smart driving systems and components, in which Changan plans to acquire no more than a 40 percent stake.
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CATL signs MoU to supply LFP batteries to Stellantis in Europe
The two parties are exploring the possibility of forming a joint venture to further support Stellantis' electrification strategy.
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Chinese battery maker Gotion partners with UK charging operator Pod Point to tap energy storage market
Gotion will support Pod Point with energy storage systems and battery cells based on its lithium iron phosphate battery product development, design and manufacturing capabilities.
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Saudi Arabia’s sovereign wealth fund in talks to invest in Chinese EV maker Human Horizons, report says
Saudi PIF could invest at least $250 million in Human Horizons at a valuation of $3 billion, and a deal could be reached as early as this year, according to Bloomberg.
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Nio and auto parts supplier Baolong sign cooperation deal
At the current stage, Baolong and Nio will cooperate on products including air springs, wheel speed sensors, and optical rain sensors.
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Stellantis to acquire 20% stake in Leapmotor with €1.5 billion investment, to form JV for international markets
Stellantis will form a joint venture with Leapmotor, Leapmotor International, which will begin export operations in the second half of 2024.
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Stellantis nears deal to buy 20% of Leapmotor, report says
As part of the deal, Leapmotor and Stellantis are also discussing a joint venture, according to Bloomberg.
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Chinese autonomous driving startup Pony confirms $100 million investment from Saudi Arabia
Pony.ai plans to set up a joint venture with Neom in Northwest Saudi Arabia to provide autonomous driving technology solutions for the region.
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Chinese autonomous driving startup Pony reportedly gets $100 million investment from Saudi Arabia
Pony.ai will set up a joint venture in Saudi Arabia and establish a manufacturing and R&D center, according to local media.
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