NIO signs a new agreement with GAC Group to co-develop battery standards, charging, and swaps
Baua Electric
MAY 8, 2024
($NIO) for its growing portfolio of premium EVs and sub-brands, but the Chinese automaker is also the global leader in EV battery swap stations. As of October 2023, NIO has successfully completed over 30 million battery swaps around the world, proving the technology is a viable alternative to standard plug-in and charge EV practices.
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