Nio has confirmed for the first time that the company works with McLaren and has received technical service revenue from the automaker.
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Category: Deals
FAW plans to acquire 10% stake in Leapmotor, report says
FAW plans to acquire about 10 percent of Leapmotor's shares, becoming a strategic shareholder, according to a local media report.
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Xpeng secures $1.4 billion credit line from China CITIC Bank
China CITIC Bank will grant Xpeng a credit facility of RMB 1 billion ($1.4 billion) to support the company's business operations and development.
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WeRide secures investment from Grab to expedite robotaxi deployment in Southeast Asia
Grab will invest tens of millions of dollars in WeRide, with the transaction expected to close by the first half of 2026.
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Hesai to supply LiDARs to Toyota’s joint venture in China
Hesai did not disclose the name of the Toyota joint venture, but said that the automaker's models equipped with its ATX LiDAR will go into mass production in 2026.
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Xpeng, VW expand tech partnership to cover gasoline and plug-in hybrid platforms
The jointly developed technology architecture will not only be integrated into Volkswagen's BEV platform, but also deployed on its gasoline and plug-in hybrid platforms in China.
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Nio signs new deal to add 100 swap stations in East China’s Jiangsu
Nio currently has 422 battery swap stations and 313 supercharging stations in Jiangsu.
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Huawei, Chery sign deal to bring joint brand Luxeed to ‘Phase 2.0’
Luxeed will invest over RMB 10 billion ($1.4 billion) and increase its R&D team to 5,000 people.
For details, please visit CnEVPost.
Baidu, Lyft partner to deploy robotaxis in Europe
The initial deployment is planned for 2026 in Germany and the UK, with the fleet size expanding to thousands of cars across Europe in the coming years.
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CATL signs deal to bring over 100,000 battery-swappable cars to Car Inc’s fleet
CATL and Car Inc will launch a pilot program this year and gradually deploy over 100,000 battery-swappable vehicles.
For details, please visit CnEVPost.
