Smart and Sustainable Electric Mobility
Nio Capital-backed EV-Tech and Nio will jointly develop products based on Nio's STEM Young high-voltage architecture, with deliveries to the Nio brand and Nio's second brand expected to begin in 2025.
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The financing will be used for next-generation model development, smart driving technology development and entry into overseas markets.
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The two companies have entered into a joint sourcing program for common components for the vehicles and platforms used by both companies.
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HiPhi began production halt on February 18 -- the first working day after the Chinese New Year holiday -- sparking fears about its fate.
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China Southern Power Grid Energy Storage will work with Nio Power in areas including battery banks, battery swap stations, and virtual power plants.
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Huawei and M Hero are still discussing specific partnership models, with those based on parts supply or the HI model being prioritized.
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FinDreams' cells will be used in BorgWarner's LFP battery packs for commercial vehicles in Europe, the Americas and selected parts of Asia-Pacific.
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Gotion plans to set up the institute with Hong Kong-listed Envision to conduct research on battery energy storage system technologies and business models.
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At a time when the cost of fossil fuels is skyrocketing and sustainability is becoming increasingly important, Latin American consumers are eager for greener vehicles, Geely Auto said.
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Since its inception in 2016, Nio Capital has raised five funds, including three US dollar funds and two RMB funds, with a total management scale of RMB 15 billion.
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