Chinese new energy vehicle company NIO announced on July 6 that it has officially brought its 1,000th battery swapping station into operation in Lhasa, Tibet.
NIO Inc. announced on Friday that the company has completed the construction of 700 battery swap stations.
In an effort to make cars with reasonable prices and plenty of interior space, Toyota turned to partner BYD for key technologies. Neither company would comment on this news as of Friday.
SK Innovation has recently signed a battery supply contract with Xpeng Motors and will supply Xpeng with high grade nickel-based Lithium Ion batteries according to Chinese media outlet Autohome.
Nio’s unveiling of its first luxury electric sedan, the ET7, along with an announcement of a groundbreaking solid-state battery that could be released as soon as next year ignited much interest from investors.