Chinese EV maker Nio partners with CATL to develop longer-lifespan batteries for cost reduction.
Chinese electric vehicle maker Nio has partnered with battery giant CATL to develop batteries with longer lifespans, aiming to reduce overall EV costs. The partnership, which will leverage battery technologies from both companies, is crucial for Nio's numerous battery swapping and charging stations. Nio's CEO, William Li, stated the goal is to extend battery usage beyond eight or 10 years.
March 14, 2024
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