Category: Deals

Great Wall-backed Svolt Energy gets order to supply batteries worth over $10 billion to BMW, report says

BMW will leave the remaining order of about 70 GWh of its 160 GWh battery needs to be shared between CATL and Eve Energy, according to local media.

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Kaixin Auto plans to acquire WM Motor as financially troubled EV maker drops plan for backdoor listing in HK

Kaixin Auto has signed a non-binding letter of intent to acquire 100 percent of WM Motor from its shareholders by issuing a certain number of new shares.

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Chinese battery maker Gotion acquires 25% stake in European firm InoBat

The deal is the first major investment in a European startup by a top Chinese global battery maker, with an initial focus on Central and Eastern Europe as well as Morocco.

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