The two sides will deepen cooperation in areas including methanol.
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Category: Deals
Leapmotor’s JV with Stellantis gets approval from Chinese regulator, report says
A Chinese regulator has given its approval for Leapmotor's joint venture with Stellantis, with the deal still awaiting regulatory approval in other markets, according to Reuters.
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Zeekr partners with local dealer to tap Philippine market
Zeekr will launch the Zeekr 001 and Zeekr X in the Philippines, with both models expected to begin local pre-sales and deliveries in the second quarter.
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Chinese autonomous driving startup Pony to set up JV in South Korea
Pony.ai plans to set up a joint venture with South Korea's GemVaxLink in Seoul within the year, which will deploy a fleet of autonomous vehicles in Seoul in the initial phase.
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Nio, EV-Tech sign deal on parts for high-voltage system
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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IM Motors secures over $1.1 billion in new financing
The financing will be used for next-generation model development, smart driving technology development and entry into overseas markets.
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Xpeng, VW ink joint sourcing program deal to reduce platform costs
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 in touch with Changan for takeover talks, report says
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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Nio’s power unit ties up with China Southern Power Grid’s energy storage arm
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 strikes strategic partnership with Dongfeng’s electric off-road brand M Hero
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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