CATL partners with Guoxin on car chips

CATL and Unigroup Guoxin Microelectronics have formed Tongxin Micro Technology, a Beijing-based automotive chip venture with RMB 300 million in capital. Guoxin holds 51% and CATL 5%. The new firm will acquire Guoxin’s domain controller chip business, valued at RMB 193 million, to strengthen ties with EV clients.