NIO joins forces with CATL for world largest battery swapping network
March 18, 2025
Chinese EV maker NIO, known for its pioneering role in battery swapping, is joining forces with CATL, its major supplier, to set up a worldwide car-swapping network. CATL, the world’s biggest battery maker, puts its money where its mouth is by investing 2.5 billion yuan (€316 million) in Nio Power. Both parties signed an agreement […]