Deals

Huawei and BAIC will establish a dedicated Stelato business unit team operating under a "strategic alliance" approach.

This marks Hesai's second LiDAR order announcement from a US company this month.

Momenta will test Level 4 autonomous robotaxis with Uber in Munich, Germany, in 2026.

Nio has confirmed for the first time that the company works with McLaren and has received technical service revenue from the automaker.

FAW plans to acquire about 10 percent of Leapmotor's shares, becoming a strategic shareholder, according to a local media report.

China CITIC Bank will grant Xpeng a credit facility of RMB 10 billion ($1.4 billion) to support the company's business operations and development.

Grab will invest tens of millions of dollars in WeRide, with the transaction expected to close by the first half of 2026.

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.

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.

Nio currently has 422 battery swap stations and 313 supercharging stations in Jiangsu.