CATL, Nio Sign $346 Million Deal to Expand Battery-Swapping Grid
The world’s largest battery manufacturer, Contemporary Amperex Technology Co. Ltd., has agreed to invest up to 2.5 billion yuan ($346 million) in building out a battery-swapping network across China in collaboration with electric vehicle maker Nio Inc.
EV Maker NIO Ties Up With CATL to Build Battery-Swapping Network
NIO said in a WeChat post on Tuesday that it signed a strategic partnership agreement with CATL to develop a battery-swapping network for passenger cars. CATL is working on a 2.5 billion yuan strategic investment, equivalent to $345.6 million, in NIO, it said.
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U.S. power demand is surging as data centers plug in. The cheapest, fastest way to keep the lights on? Solar-plus-storage, not gas generation.
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Electric vehicles could travel farther on a single charge thanks to new discoveryMore electric vehicles are on the road than ever before. But a recent global survey found some EV owners — about 46% in the U.S. — have considered switching back to a gasoline car. The top reason: ...
Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A UK start-up backed by former shareholders of collapsed battery group Britishvolt is teaming up with a ...
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