CATL and Nio have signed an agreement to support each other by establishing a nationwide battery-swapping network in China that use both Nio's swap tech and CATL's Choco-swap technology. CATL's Choco-swap offers batteries for subcompact to midsized cars ranging from 42 kWh to 70 kWh.

Chinese EV maker Nio (NIO) and battery giant Contemporary Amperex Technology Limited (CATL) have disclosed a partnership to build a vast

Battery electric vehicle (BEV) manufacturer Nio already has almost 3,200 battery swapping stations in place across China and aims to add a further 2,300 outlets by the end of the