NIO (NIO) and CATL signed a strategic partnership in Ningde, Fujian. Together, they will advance the high-quality development of the new energy vehicle industry by building a battery swapping network for passenger vehicles across the full range of products, unifying industry technical standards, enhancing capital and business collaboration, and providing efficient recharging solutions for users, the companies said. The two companies will also pursue capital cooperation. CATL is currently advancing an investment capped at RMB 2.5B in NIO Power, further cementing this strategic partnership. Through exchange and cooperation in technology, capital, and business, NIO and CATL will achieve a synergistic effect where the whole is greater than the sum of its parts, NIO said.
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