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EV Maker Nio Partners With Changan Auto on Battery Swapping
Nio electric vehicles.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
Electric-vehicle maker Nio Inc. and Chongqing Changan Automobile Co. signed an agreement to cooperate on battery swapping, the latest in a trend of Chinese EV upstarts partnering with traditional automakers.
The companies will collaborate in areas that cover ownership, technologies, maintenance and financing of swappable EV batteries, Nio said in a statement Tuesday. Changan Auto Chairman Zhu Huarong added that the carmakers will expand cooperation in other areas too, including vehicle development.