NIO's Next-Level Battery Swap Push: Time to Buy the Stock Now?

China’s electric vehicle (EV) industry is evolving at a breakneck pace. Battery swapping is emerging as a game-changing solution to charging challenges. Leading the charge is NIO Inc. (NIO) , which has taken another bold step forward by partnering with Contemporary Amperex Technology Co (“CATL”), the world’s largest EV battery manufacturer, to supercharge its battery swap network.The deal was announced yesterday, ahead of NIO’s fourth-quarter results on Friday. NIO and CATL aim to jointly build the world’s ...