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Nio Gears Up To Produce Its Own EVs After Buying Partner's Factories - NIO (NYSE:NIO), Li Auto (NASDAQ:LI)

Key Takeaways: Nio Inc. has obtained a production license and is taking over manufacturing facilities from JAC, the partner that has been making its vehicles under contract for seven years Nio’s latest earnings report shows positive trends in revenues, vehicle deliveries, gross margin and vehicle margin By Kevin Guo
Hong Kong Li Auto William Li Kevin Guo Shen Hui Geely Holding

Huawei approaches Audi, Mercedes about smart car investment, sources say, ET Auto

Huawei: The Chinese technology giant said last month it will spin off its four-year Intelligent Automotive Solution (IAS) business unit which is seeking to become the dominant supplier of software and components for smart electric vehicles (EVs). Sources have previously said the unit will be valued at somewhere between USD 28 billion and USD 35 billion.
Richard Yu Seres Group Chery Automobile Mercedes Benz Jianghuai Automobile Group Huawei Technologies

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smart car: Huawei approaches Audi, Mercedes on smart car investment

The move is aimed at expanding its partnerships beyond Chinese brands, they said. Huawei, the target of U.S. sanctions since 2019, also hopes the presence of foreign investors would help defend the business from potential further geopolitical tensions, according to one of the sources who was briefed on the matter.
Richard Yu Chery Automobile Seres Group Senior Management Programme Offering College Mercedes Benz

Exclusive-Huawei approaches Audi, Mercedes about smart car investment, sources say

SHANGHAI/HONG KONG :China's Huawei Technologies has asked Mercedes Benz and Volkswagen's Audi if they are interested in buying small stakes in its smart car software and components firm, according to three people with knowledge of the discussions.The move is aimed at expanding its partnerships beyond Chinese
Zhang Yan Julie Zhu Edwina Gibbs Richard Yu David Evans Brenda Goh

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