The two companies will jointly establish battery standards, construct and use battery swap stations, and create battery asset management mechanism.
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Nio and Chongqing Changan Automobile signed a battery swap business cooperation agreement in Chongqing, the Chinese electric vehicle (EV) maker announced.
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Shandong Weida was up 6 percent in Shenzhen at press time, and up about 20 percent over the past month.
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Nio will share its next-generation battery pack standard, the 800 V high-voltage, fast battery swap platform, with the entire industry, said William Li.
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As of October 31, Nio had 139 Nio Houses, 314 Nio Spaces and 2,079 battery swap stations worldwide.
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Nio built its first battery swap station on May 20, 2018 and saw its 1,000th battery swap station go live on July 6, 2022.
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The station is Nio's 1999th in China and appears to commemorate Macau's return to China in 1999.
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Nio today added 15 new battery swap stations in China, bringing the total to 1,998.
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Nio is a market leader in battery swapping business, but they are not alone in China.
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Nio took four years to deliver its first 10 million battery swap service and nine months to achieve its second 10 million. Its third 10 million service took six months.
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