NIO signs new battery swap partnership with CATL
The two companies will share their swapping networks and collaborate in accelerating the adoption and development of this technology.
NIO and Contemporary Amperex Technology (CATL) signed a strategic partnership for the development of a battery swapping network for passenger vehicles across China.
Apart from providing charging solutions for users and unifying industry technical standards, the two companies will also pursue capital cooperation. Through exchange and cooperation in technology, capital, and business, the partners aim to achieve a synergistic effect where the whole is greater than the sum of its parts.
“With the support from CATL, NIO's swapping network will extend to more regions and provide better services. This cooperation is beyond capital investment—it facilitates mutual empowerment in technological standards and service systems,” said William Li, Founder, Chairman, and CEO of NIO.
Both parties aim to collaborate in creating the largest and most advanced battery swapping service network, sharing their battery swapping networks and accelerating the adoption and development of these services.
CATL will support NIO in developing the battery swapping network, while its Choco-Swap technical standards and network will be introduced to the subsequent newly developed models of firefly, NIO's new brand. The networks of both parties will operate in parallel, offering electric vehicle (EV) drivers a more seamless and efficient swapping experience.
