Xpeng saw its biggest one-day gain in early Hong Kong trading since the Volkswagen deal late last month.
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Category: Deals
Nio signs partnership deal with Singapore hospitality operator Ascott
In China, Ascott currently owns and manages over 200 properties in 42 cities.
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Stellantis mulls tie-up with Chinese EV maker, report says
Stellantis has explored potentially working with Chinese EV makers, including Leapmotor, according to Bloomberg.
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Xpeng denies after rumor that it will buy Maserati creates buzz
Earlier today, a rumor that Xpeng would acquire Maserati spread widely on Chinese social media.
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Evergrande NEV, mired in losses, announces $500 million investment from Middle Eastern investor
NWTN will get a 27.5 percent stake in Evergrande NEV and the right to nominate a majority of the board of directors, valuing the Chinese carmaker at $1.82 billion.
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Italian powertrain maker Mavel gets investment from Nio Capital, to be supplier of Nio’s next-gen models
Mavel, founded in Italy in 1999, will be a supplier of core components for Nio's next-generation platform, Nio Capital said.
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Nio says rumors of Mercedes deal false
Last week, William Li accompanied several foreigners on a tour of a battery swap station, sparking a new round of rumors that Nio and Mercedes-Benz had entered into a partnership.
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Audi partners with SAIC, to launch EV models for segments it hasn’t yet covered in China
Through Volkswagen's partnership with Xpeng and Audi's with SAIC, Volkswagen is strengthening its position in the Chinese auto market, the German auto giant said.
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VW to invest $700 million in Xpeng and co-develop EVs
Xpeng and Volkswagen will initially co-develop two B-segment BEVs sold under the Volkswagen brand in the Chinese market using Xpeng's G9 platform and ADAS software, with production expected to begin in 2026.
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Self-driving startup HoloMatic closes $140 million Series C funding round
HoloMatic expects its losses to narrow dramatically by 2024 and to break even by 2025, when it will apply for a stock market listing.
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