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Nio in Talks on Licensing EV Battery Swap Technology – FT

Chinese EV maker Nio is in talks with several other carmakers about licensing battery swapping technology that is at the heart of the group’s strategy to win over motorists in Europe


Chinese Electric Car Maker Nio's ET7, the company's flagship sedan during its launch ceremony in Chengdu
Nio exaggerates its revenue and profitability, a short seller argued in a report, sending the company's shares plunging in New York on Wednesday. The company rejected the claims on Thursday. Photo: Reuters.

 

Nio, the Chinese electric vehicle startup, is in talks with several other carmakers about licensing battery swapping technology that is at the heart of the group’s strategy to win over motorists in Europe, one of the company’s top executives has said, the Financial Times reports.

European president Hui Zhang said the company was talking with Chinese and international car groups to open its network of charging stations, which it wants to raise from 800 to 5,000 around the world by 2025, targeting the “premium segment” of Europe, which appears likely to become a testing ground for the adoption of battery technology, the report said.

Read the full story: The Financial Times.
 


 

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Jim Pollard

Jim Pollard is an Australian journalist based in Thailand since 1999. He worked for News Ltd papers in Sydney, Perth, London and Melbourne before travelling through SE Asia in the late 90s. He was a senior editor at The Nation for 17+ years and has a family in Bangkok.

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