Previously, Geely announced they want to have 5000 battery swap stations globally by 2025.
Seven Chinese cars became candidates at the EU Car of the Year 2024, including four BYD models, Nio ET7, Smart #1 and Volvo EX30.
The two companies will jointly establish battery standards, construct and use battery swap stations, and create battery asset management mechanism.
Nio is getting even more expensive, moving upmarket with their new sedan.
"Autonomous driving technology will be so mature that traffic accidents will become history."
Nio transitions from a direct sales model to ease the financial pressure.
FIA added Shanghai to one of 16 electric F1 races that will be held next year. Shanghai will organize two races at the end of May 2024.
Li Auto and Xpeng expect a 100%, and Nio a 50% year-over-year increase in 2024 sales, local media reported, citing the Chinese carmakers' supply chain sources.
Nio is a market leader in battery swapping business, but they are not alone in China.
JAC Motor might stop manufacturing EVs for Nio as ET5 maker plans to acquire production license and buy two companies from its OEM partner.