Reuters: CATL in talks to buy controlling stake in Nio Power

By / / Automotive / 1 minute of reading


Both companies have expressed their ambitions to deploy a battery swapping network, but the business is currently hard to profit from. By Stewart Burnett

Chinese battery giant CATL is reportedly in talks to acquire a controlling stake in Nio Power, the electric vehicle maker’s battery-swapping and charging subsidiary. Four sources familiar with the matter told Reuters that the move would give CATL control over Nio’s ever-expanding swap station network.

Subscribe to Automotive World to continue reading

Sign up now and gain unlimited access to our news, analysis, data, and research

Subscribe

Already a member?

Reuters: CATL in talks to buy controlling stake in Nio Power



Source link

Start typing and press enter to search

Scroll to Top