NIO signed a strategic cooperation agreement on battery swapping with GAC Group

NIO and GAC Group signed a strategic cooperation agreement on battery swapping in Guangzhou on May 8. The two parties will carry out comprehensive and multi-level strategic cooperation in various areas related to the battery swapping industry, including battery standards, R&D and customization of swapping vehicles, battery asset management and operation, and the construction and operation of swapping service networks. They will also promote interconnection between their own charging platforms.

As of now, NIO has established over 2400 battery swapping stations nationwide, and plans to build another 1000 stations in the future. Battery swapping service will be a crucial "moat" for NIO's future development.

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