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.
Chinese EV maker NIO reports Q4 revenue of 19.70 billion yuan, up 15.2% Y/Y and 5.5% Q/Q. Vehicle deliveries increase 45.2% Y ...
REVENUE: The company's quarterly revenue likely rose 30% to 22.22 billion yuan, according to Visible Alpha. NIO's Hong Kong-listed shares fell 38% in the final quarter of 2024 as the carmaker faced ...
CATL will make an investment capped at 2.5 billion yuan in Nio Power, which runs the carmaker’s battery-swapping system, and will help develop the network further. Nio will adopt the battery ...
Nio stock price has done well in the past few days as investors remain optimistic about Chinese companies. It rose to a high of $5 on Monday, and $5.45 after the company reached a battery swap deal ...
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