Nio and Geely Automobile forge strategic alliance for battery swapping initiatives

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    NIO

    29th November 2023 – (Shanghai) Chinese automakers Nio and Geely Automobile Holding have signed a comprehensive cooperation agreement focused on battery swapping initiatives. The agreement, announced on Wednesday, marks a significant step in the collaboration between the two companies and highlights their shared vision for the future of sustainable transportation.

    Under the strategic alliance, Nio and Geely will join forces in multiple areas, including the establishment of battery swap standards, technological advancements, service network expansion and management, as well as the development and customisation of battery swap models. This partnership aims to leverage the expertise and resources of both companies to accelerate the adoption of battery swapping technology and enhance the overall EV ownership experience for consumers.