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Chinese EV maker Nio and battery king CATL to join forces on swapping stations, technology

SCMP LogoSCMP7h ago

Chinese EV maker Nio and battery king CATL to join forces on swapping stations, technology - SCMP

Quick Summary:

CATL, which is planning a US$5 billion Hong Kong share listing, will invest up to US$345.6 million in Nio.

The two companies also said they will establish a comprehensive life-cycle loop that encompasses battery research and development, battery swap services, asset management, reuse, and material recycling, with an eye toward reducing costs and raising efficiency across the entire industry.

CATL said last year it planned to build 1,000 of its Choco-swap stations by the end of this year.

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Chinese EV maker Nio and battery king CATL to join forces on swapping stations, technology - SCMP (Picture 1)

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Article Details

Author / Journalist: Fan Chen

Category: Business

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-18 @ 18:03:33 (7 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 296 words

Reading Time: 2 minutes read

Sentences: 10 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 27145912

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About SCMP

SCMP Logo

Main Topics: Business

Official Website: scmp.com

Update Frequency: 12 posts per day

Year Established: 1903

Headquarters: Hong Kong

News Last Updated: 3 hours ago

Coverage Areas: Hong Kong

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #42

Publisher Details

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The story "Chinese EV maker Nio and battery king CATL to join forces on swapping stations, technology" was covered 7 hours ago by SCMP, a news publisher based in Hong Kong.

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It's most recent story was published 3 hours ago.

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  • News ID: #27145912
  • URL: https://beamstart.com/news/chinese-ev-maker-nio-and-17422926622080

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