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Electric vehicle maker NIO and battery giant CATL have announced a strategic partnership to advance battery-swapping technology for passenger vehicles. The collaboration aims to build an extensive battery-swapping network, standardize industry technical standards, and enhance the overall EV user experience. As part of the deal, CATL will invest up to RMB 2.5 billion in NIO Power, strengthening their joint efforts in technology and business development. Signed in Ningde, Fujian, this partnership builds on their earlier work in long-life battery R&D, promising a more convenient and sustainable future for EV owners.
Key Highlights:
- Investment: CATL to invest up to RMB 2.5 billion in NIO Power.
- Network Expansion: Plans to create the largest battery swapping service network for passenger vehicles.
- Standardization: Joint efforts to establish national standards for battery swapping technology in China.
- User Experience: Aim to provide more seamless and efficient battery swapping services for EV users.
The agreement marks a significant step forward for both companies. William Li, Founder, Chairman, and CEO of NIO, said: “The strategic cooperation between NIO and CATL marks a pivotal moment, propelling battery swapping into a brand-new phase.” He emphasized the collaboration’s role in expanding NIO’s network and driving the automotive industry toward greener solutions. Meanwhile, Robin Zeng, Founder, Chairman, and General Manager of CATL, noted: “This strategic partnership with NIO Power marks a milestone in collaborative innovation across the entire value chain,” highlighting plans for a smart power network that maximizes battery lifecycle value.
NIO, a global leader in smart electric vehicles, already operates 3,172 Power Swap Stations across China, connecting major cities and expressways. With CATL’s support, this network is set to grow, targeting over 2,300 county-level divisions by December 2025. The partnership leverages CATL’s Choco-Swap technology and NIO’s extensive infrastructure to improve compatibility and efficiency, integrating swapping solutions into NIO’s upcoming Firefly brand models. This builds on a March 2024 agreement focused on long-life battery innovation, positioning both firms to lead the EV market.
By unifying standards and expanding infrastructure, NIO and CATL aim to make battery swapping a mainstream option, reducing costs and enhancing safety across the EV lifecycle—from R&D to recycling. This move underscores their commitment to sustainable mobility worldwide.
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