NIO Stock: Nio and CATL Announce New Long-Life Battery Partnership

Nio (NYSE:NIO) has announced a new partnership with Contemporary Amperex Technology Co., Limited (CATL). The partnership will see the two companies team up in order to create long-life batteries that will improve Nio’s battery swap services. Nio and CATL have worked closely in the past and previously announced a five-year cooperation agreement regarding technological improvements, new brands, and international expansion in 2023.“One of the most important problems that has fundamentally not been solved nor a ...