On November 21st, Changan Automobile and NIO signed a cooperation agreement on battery swapping business in Chongqing. The two sides will cooperate in promoting the establishment of battery swapping standards, the construction and sharing of battery swapping networks, the research and development of battery swapping models, and the establishment of an efficient battery asset management mechanism.
Li Bin, founder, chairman, and CEO of NIO, stated that from the first day of its charging and swapping business, NIO has decided to open up to the entire industry. Like internet cloud service infrastructure, NIO Power Exchange Network and NIO Energy Cloud have also taken a path of infrastructure first, internal closed-loop, full scenario verification, and openness to the outside world. After 5 years of development, NIO Power Exchange Network and NIO Energy Cloud have accumulated rich experience in research and development, construction, operation, and other aspects. NIO Power Exchange business is ready to open up to the industry. Through this cooperation, NIO and Changan Motors will jointly promote the high-quality development of the new energy vehicle industry and promote the low-carbon transformation of the automotive industry.