BEAMSTART Logo

HomeNews

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

SCMP LogoSCMP3h 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.

More Pictures

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

or

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 (3 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

View Article Analysis

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: 1 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

Frequently Asked Questions

How long will it take to read this news story?

The story "Chinese EV maker Nio and battery king CATL to join forces on swapping stations, technology" has 296 words across 10 sentences, which will take approximately 2 - 3 minutes for the average person to read.

Which news outlet covered this story?

The story "Chinese EV maker Nio and battery king CATL to join forces on swapping stations, technology" was covered 3 hours ago by SCMP, a news publisher based in Hong Kong.

How trustworthy is 'SCMP' news outlet?

SCMP is a fully independent (privately-owned) news outlet established in 1903 that covers mostly business news.

The outlet is headquartered in Hong Kong and publishes an average of 12 news stories per day.

It's most recent story was published 1 hours ago.

What do people currently think of this news story?

The sentiment for this story is currently Negative, indicating that people regard this as "bad news".

How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
  • News ID: #27145912
  • URL: https://beamstart.com/news/chinese-ev-maker-nio-and-17422926622080

BEAMSTART

BEAMSTART is a global entrepreneurship community, serving as a catalyst for innovation and collaboration. With a mission to empower entrepreneurs, we offer exclusive deals with savings totaling over $1,000,000, curated news, events, and a vast investor database. Through our portal, we aim to foster a supportive ecosystem where like-minded individuals can connect and create opportunities for growth and success.

Our Company

© Copyright 2025 BEAMSTART. All Rights Reserved.