Tuesday, November 28, 2023

China’s Nio to partner with Changan Auto on developing battery-swapping EVs

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SHANGHAI, Nov 21 (Reuters) – Chinese electric vehicle maker Nio (9866.HK) said on Tuesday that it would partner with state-owned Changan Automobile (000625.SZ) on developing battery-swapping EVs.

Nio would also team up with Changan on building and sharing battery-swapping stations and standardising batteries to promote battery-swapping technology, Nio said in a statement to Reuters.

Reporting by Zhang Yan, Brenda Goh and Beijing Newsroom; Editing by Christopher Cushing

Our Standards: The Thomson Reuters Trust Principles.

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