Chinese EV startups Nio and FAW Group partner for battery swapping, expanding Nio's alliance to seven partners.
Chinese EV startup Nio and State-owned FAW Group have partnered for battery swapping, expanding Nio's alliance to seven partners. Collaboration includes battery tech standards, R&D of chargeable/swappable vehicles, and charging infrastructure. Nio's 2,420 battery swap stations form China's largest network, and the battery swapping industry chain is projected to reach 133.4 billion yuan by 2025.
May 27, 2024
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