After the appearance of rumors, Nio announced it signed a strategic cooperation agreement with Chery and JAC in the field of battery swap stations. Last year, Nio signed similar contracts with Geely and Changan. These companies will establish standards for swappable batteries and develop the battery swap business. Nio also cooperated with Wenergy Group and Anhui Transportation Holding Group (ATHG) to build 1,000 PSS (Power Swap Stations).
Nio and Chery’s strategic partnership
Nio and Chery signed the strategic cooperation agreement on January 11. Together, they will construct and share battery swap station networks, develop battery swap standards, etc. According to Nio’s press release, it is impressed by Chery’s performance both in domestic and overseas markets.
Chery is actively exploring the high-end electric cars business in China. It has recently launched the Luxeed S7 EV sedan jointly developed with Huawei. Chery’s high-end brand has started sales of the EV series called Exlantix (domestic name is Sterra).
Nio and JAC strategic partnership
JAC (Jianghuai Automobile Co) and Nio have a long story of cooperation. The Anhui-based car maker manufactured Nio cars from 2018 until December 2023, when the Chinese startup acquired F1 and F2 plants from JAC.
On January 11, Nio and JAC signed the strategic cooperation agreement on battery swapping. They will establish battery swapping standards and battery swapping tech. Moreover, Nio and JAC will build and share a battery swap station network. Nio will also help JAC develop NEVs (BEV, EREV, PHEV, FCEV).
JAC is actively pushing the sodium-battery-powered EV manufacturing. In December last year, it began trial production of the JAC Yiwei E10X hatchback with HiNa’s sodium battery on board. It hints that Nio and JAC can develop swap standards for sodium packs.
Nio’s agreement with Wenergy and ATHG
The same day, Nio announced a strategic cooperation with Wenergy Group and Anhui Transportation Holding Group to build battery swap stations jointly. They will jointly build 1,000 battery swap stations with energy storage, charging, and battery swap capabilities. They will also promote other aspects of the battery swap business.
As we can see, Nio is gaining momentum, signing strategic cooperation agreements with many Chinese companies. Previously, Nio confirmed cooperation with Geely and Changan. With a massive EV output from Geely, Changan, JAC, and Chery, Nio can focus more on providing a battery swap network than building cars.