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China EV Maker Nio Signs Battery-Swapping Deal With Geely
- Companies to develop battery-swapping standard, build network
- Nio has also signed battery-swapping accord with Changan Auto
Workers install batteries onto an electric SUV at a Nio Inc. production facility in Hefei, China.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
Electric-vehicle maker Nio Inc. signed its second battery-swapping partnership in less than two weeks on Wednesday, this time with Geely Automobile Holdings Ltd., one of China’s biggest independent carmakers.
The companies will develop two battery-swapping standards for private cars and commercial vehicles, promote battery swapping technology and expand the operational scale, they said in a statement. They will also establish a battery asset management mechanism, build a unified battery swap operation and develop vehicles compatible with each other’s battery swap systems.