Nio and Chongqing Changan Automobile have officially inked a collaborative agreement for a battery swap venture, marking a significant development in the realm of electric vehicles (EVs). The announcement was made on Weibo by the Chinese EV giant, highlighting the strategic partnership's focus on multiple facets of the battery swap ecosystem.
The key objectives outlined in the agreement include the joint promotion of standardized battery swap protocols, the extensive development and sharing of a robust battery swap network, collaborative efforts in researching and designing innovative battery swap models, and the establishment of an efficient mechanism for managing battery assets.
Chongqing Changan Automobile, headquartered in the Jiangbei District of Chongqing, stands as one of China's largest automotive companies. According to data from the China Passenger Car Association (CPCA), the company witnessed a noteworthy 12.5 percent year-on-year increase in retail sales, totaling 1,130,884 units and securing a commendable 6.5 percent market share during the January-October period.
Nio, renowned for its innovative approach to EV technology, introduced the Nio Power replenishment system with a primary focus on battery swap during its inaugural Nio Day event on December 16, 2017. Since then, the company has steadily expanded its battery swap infrastructure, with its 1,000th station going live on July 6, 2022, and its 2,000th station becoming operational on October 26, 2023, both in China.
As of the latest available data, Nio boasts an impressive network of 2,113 battery swap stations across China, having delivered over 32.4 million battery swap services.