NIO, CATL to develop longer-life batteries for EVs, swap stations
EV automaker NIO has announced an expanded collaboration with battery behemoth and current energy supplier CATL. Together, the two Chinese companies intend to collaborate through the research and development of long-life batteries to support future NIO EVs and battery swap stations.
CATL has held a steady reign as the global market share leader in batteries for years, showing no signs of slowing down. The Chinese manufacturer stays on top by providing cells to several significant OEMs and consistently…