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.
CATL, Nio to collaborate in EV battery swapping
China’s largest electric vehicle (EV) battery manufacturer Contemporary Amperex Technology Company Limited (CATL) announced this week it has signed an agreement with Nio Inc to collaborate in the development of the world’s largest EV battery swapping network.
We recently published a list of 10 Stocks That Led Tuesday’s Charge. In this article, we are going to take a look at where Nio Inc. (NYSE:NIO) stands against other stocks that led Tuesday’s charge.
Signet Jewelers reported a 5.8% YoY decline in Q4 FY25 sales to $2.35 billion, surpassing analyst estimates. Despite a 1.1% ...
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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