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China’s Nio and Geely deepen commitment to EV battery swapping tech

Deal that values Nio’s swapping subsidiary at US$2.4 billion clears way for the companies to develop unified standards Deal that values Nio’s swapping subsidiary at US$2.4 billion clears way for the companies to develop unified standards

The transaction would pave the way for the

The transaction would pave the way for the two companies to co-develop unified battery swapping standards and new models based on the technology, Nio added.

The agreement reflected “industry recognition of Nio’s battery

The agreement reflected “industry recognition of Nio’s battery swapping technologies, network and operational capabilities”, the company said in the filing. “Nio expects to further promote the adoption of battery swapping, continuously enhance user experience, accelerate the growth of electric vehicle penetration and further unlock the long-term value of battery swapping.”

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China’s Nio and Geely deepen commitment to EV battery swapping tech

Deal that values Nio’s swapping subsidiary at US$2.4 billion clears way for the companies to develop unified standards Deal that values Nio’s swapping subsidiary at US$2.4 billion clears way for the…

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Source: South China Morning Post
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