Nio president calls on more players including Dongfeng, BAIC, Huawei's HIMA to join the battery swap camp to better address battery life issues.
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China FAW becomes the seventh to join the Nio-led battery swap alliance after GAC Group, Changan Automobile, Geely Holding, Chery, JAC and Lotus.
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China FAW will join the Nio-led battery swap alliance, becoming the seventh automaker to do so, according to local media.
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Nio and GAC will work together on battery standards, development and customization of battery swap-enabled models, battery asset management and operations, and battery swap service network construction.
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Nio and Lotus will collaborate in areas including the development and customization of models that support charging and battery swap, and charging connectivity.
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Nio said it and JAC, Chery will carry out deep strategic cooperation in battery standards, battery swap technology, battery swap service network construction and operation.
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Nio has also signed strategic cooperation agreements with two state-owned groups in Anhui province for energy storage, charging, and battery swap system construction.
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Li said the battery swap business could become profitable if it averages 60 orders per station per day, and that figure has already reached 80 in Shanghai.
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