Nio and Wuhan Lotus Technology Co (a susbidiary of UK-based Lotus – owned by Geely) have announced at Auto China 2024 they have entered into a strategic cooperation on charging and swapping.
The two companies will carry out comprehensive and in-depth strategic cooperation in areas related to charging and swapping including battery standards, charging and swapping technologies, and vehicle R&D.
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William Li, Founder, Chairman and CEO of Nio, said: “Cooperation is always the best option. Nio has always been open to cooperation in charging and swapping technologies as well as infrastructure network deployment.”
Qingfeng Feng, CEO of Group Lotus, said: “Our cooperation with Nio to share with each other the charging and swapping resources will allow our users to experience the track genes and ultimate performance of Lotus while enjoying friendly services of Nio’s charging and swapping network across China.”
As of April 25, Nio had installed 2,404 Power Swap Stations across China, in which 790 Stations sit along expressways, connecting the 13 backbone expressways and 11 city clusters into an expressway power swap network, providing recharging experiences that are easier than refuelling.
In the spirit of openness, Nio says its chargers are available to users of all new energy vehicle (NEV) brands, with over 80% of the electricity provided to non-Nio EVs.
Can China’s tech giants succeed where Apple failed?
