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Technology

China's Biggest Battery Maker May Buy Nio's Battery Swapping Network

NIO CATL China
  • CATL is reportedly looking to purchase a controlling stake in Nio Power's battery swapping unit.
  • The battery giant recently infused more than $340 million into a joint partnership between the two companies.
  • A change from a company as influential to EVs as CATL could reshape China's EV charging industry.
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