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Nio moves toward greater reliance on CATL for batteries, report says

Nio has suspended battery supply cooperation with BYD's FinDreams due to insufficient L60 orders, increasing reliance on CATL for battery supply. CATL, Nio's primary supplier since 2014, supports Nio amid operational challenges, investing in Nio Power and Mirattery. CATL's engineering capabilities help Nio overcome battery shortages, with plans to double battery packs at swap stations. CATL holds a 38.1% global market share, leading the EV battery market.

CnEVPost·
SG
NIO
+0.20%
HK
09866
-0.47%
US
NIO
+3.87%
CnEVPost·
SG
NIO
+0.20%
HK
09866
-0.47%
US
NIO
+3.87%

The national automotive team returns to the center of the table

After reaching one million new energy vehicles, we will start again

Wallstreetcn·
US
TSLA
-2.10%
US
BYDDF
+4.25%
US
BYDDY
+4.17%
Wallstreetcn·
US
TSLA
-2.10%
US
BYDDF
+4.25%
US
BYDDY
+4.17%

Chinese EV battery giant CATL and Guoxin Micro set up a new automotive chip firm

Chinese EV battery giant CATL and semiconductor developer Guoxin Micro have partnered to establish a new automotive chip firm, Tongxin Micro Technology, in Beijing. The firm, with a registered capital of 300 million yuan, will focus on the automotive domain controller chip business. CATL's investment marks its latest expansion initiative, while Guoxin Micro aims to deepen strategic ties with target customers. The new entity will acquire the chip business from Tongxin Micro for 193 million yuan, reflecting a significant appreciation rate. Guoxin Micro's shares rose 1.33% following the announcement.

南华早报·
SZ
300750
+0.38%
SZ
002049
+1.33%
HK
03750
-1.26%
南华早报·
SZ
300750
+0.38%
SZ
002049
+1.33%
HK
03750
-1.26%

China's New EV Energy Limits Contrast With US Rollback Of Fuel Economy Standards

China has introduced the world's first mandatory energy consumption standard for electric vehicles, limiting them to 15.1 kWh per 100 km for vehicles weighing around two tonnes, effective January 1, 2026. This contrasts with the US, where President Trump has rolled back fuel economy standards. Meanwhile, BYD has launched a new fast-charging technology and is expanding in Europe, with significant sales growth.

benzinga_article·
US
BYDDY
+4.17%
HK
01211
+0.54%
US
BYDDF
+4.25%
benzinga_article·
US
BYDDY
+4.17%
HK
01211
+0.54%
US
BYDDF
+4.25%
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