Chinese EV Maker NIO Negotiates With Rivals to License Battery Swap Technology

(Source: NIO)

Zhang Hui, Vice President of NIO Europe, said recently that the electric vehicle (EV) firm is negotiating with Chinese and international automakers to license its battery swap system, the Financial Times reported on Tuesday. NIO aims to build 1,000 battery swap stations across Europe and the U.S. by 2025.

NIO believes that battery swap techn…