Smart and Sustainable Electric Mobility
Nio said it will acquire the manufacturing equipment and assets of the F1 and F2 plants from JAC for a total consideration of about RMB 3.16 billion.
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As JAC's deal to sell its factory assets comes to a deadline, rumors that Nio will buy them and announce its own car-making qualifications are circulating widely on Chinese social media.
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The two will build luxury smart connected EVs based on Huawei's smart car solutions, with product development under the overall responsibility of JAC.
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After Changan, Geely, JAC may also join Nio's battery swap system, local media said.
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Nio's battery swap system will go from private domain exclusive service to public service and is expected to turn a profit, local media said.
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Geely becomes the latest Chinese auto giant after Changan to enter into a partnership with Nio on battery swap.
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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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The two parties are exploring the possibility of forming a joint venture to further support Stellantis' electrification strategy.
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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 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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