Newcool's business scope will cover full-stack solutions for smart cars and is expected to grow into China's largest smart car solution provider, analysts said.
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Category: Deals
After the transaction, Avatr will hold a 10 percent stake in Newcool, while Huawei will hold 90 percent.
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Ganfeng plans to set up a joint venture in Turkey, which plans to invest $500 million to build a lithium battery project with an annual capacity of 5 GWh in Turkey.
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Mercedes-Benz and Volcano Engine have signed a memorandum of strategic cooperation to collaborate in areas including large models, generative AI and big data.
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CATL invested hundreds of millions of dollars in Autoflight, the first known CATL investment in an eVTOL maker.
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Syensqo said it and Nio will work together to advance the application and development of more advanced materials for NEVs.
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BYD said its partnership with Rever will expand from passenger cars to segments including commercial vehicles in the future.
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BYD has signed a memorandum of understanding with Ayvens to distribute electric passenger cars and light commercial vehicles for European customers.
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This is the first project to begin implementation since Nio and FAW Group announced a strategic partnership framework agreement a month ago.
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The Tener energy storage system has been integrated into Rolls-Royce's mtuEnergyPack QG solution.
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