• 29.08.2024

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NIO’s Battery Swapping Business Gains Momentum with New Partnerships

Nov 30, 2023

IT Home reported on November 29th that, according to the Finance Associated Press, following the cooperation agreements between Changan Automobile, Geely Holding Group, and NIO on battery swapping services, the next potential partner for NIO’s battery swapping business could be Jianghuai Automobile. NIO has not yet responded to this.

NIO's Battery Swapping Business Gains Momentum with New Partnerships

According to IT Home, Changan Automobile and NIO announced a cooperation agreement on battery swapping business last week. The two parties will cooperate in four areas: establishing battery swapping standards, building a swapping system, establishing a battery asset management mechanism, and pre-research on swapping products. In response to the question of whether the battery swapping business is sustainable, Li Bin said that swapping is NIO’s huge first-mover advantage, and it is now time to open up to the entire industry. It is said that in addition to Changan Automobile, there are also 4-5 other companies in talks. Li Bin stated that the swapping network is equivalent to the cloud service infrastructure of the energy internet. He said that companies like Alibaba, Tencent, Amazon, and Microsoft derive a large part of their market value from “cloud services.” Without the cloud, their market value would be discounted. And these companies have incurred losses for many years in the process of establishing “cloud services” before finally achieving their current success.

NIO's Battery Swapping Business Gains Momentum with New Partnerships

Today, Geely Holding Group and NIO signed a strategic cooperation agreement on battery swapping in Hangzhou, covering multiple areas such as battery standards, swapping technology, network construction and operation, vehicle development, and customized battery asset management. This makes Geely the second car company to collaborate with NIO in the battery swapping business, following Changan Automobile. Related reading: “NIO opens battery swapping business for the first time, will collaborate with Changan Automobile in four areas” “Geely Holding Group and NIO sign strategic cooperation agreement on battery swapping, will collaborate in multiple areas such as battery standards and swapping technology” Ad statement: The external links contained in the article are for the purpose of providing more information and saving selection time. The results are for reference only, and all articles from IT House contain this statement.