Chinese battery manufacturer CATL has signed a strategic cooperation agreement with EV manufacturer NIO to jointly build a battery swap network and promote the unification of industry technical standards.

The companies aim to build a battery swap network for passenger cars and promote the popularization and upgrading of battery swap services. CATL will support the development of NIO’s battery swap network, and new models subsequently developed by NIO’s Firefly brand will be introduced into CATL’s chocolate battery swap standards.

Both companies will adopt a “dual-network parallel” model to jointly provide battery swap owners with a more convenient and efficient battery swap experience.

The companies said they will also jointly promote the formulation and promotion of national standards for battery swapping technology, promote cross-brand and cross-model battery compatibility and jointly build a full life cycle closed loop of battery research and development, battery swapping services, battery asset management, cascade utilization and material recycling to help the EV industry reduce costs and increase efficiency.

Source: CATL