Category: Deals

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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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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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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