Partnership
NIO x CATL (Battery Swapping)
NIO and CATL signed a strategic partnership to build the world's largest battery swapping network for passenger vehicles. CATL is investing up to RMB 2.5 billion in NIO Power, and the two companies will unify battery standards and share swapping networks.
joint venture · Active · operating
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99a249e2-7fbb-4b2a-a83c-c27ea1940a19- Type
- joint venture
- Status
- Activeoperating
- Announced
- 2025-03-171.5 years ago
- Active for
- 1.5 years
Who’s involved
NIO Inc. (NYSE: NIO) is a Chinese electric vehicle manufacturer headquartered in Shanghai, producing premium EVs with autonomous driving technology under the NIO, Onvo, and Firefly brands. Founded in 2014 by William Li as NextEV, the company operates 3,989 battery swapping stations globally and has produced over 1 million vehicles. NIO develops Level 3 and Level 4 autonomous driving systems and has participated in Formula E racing since 2014.
Off-registry parties
- CATL · investor partner
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