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CATL, NIO Sign 5-yr Strategic Co-op Agreement in Hefei on Long-lasting Battery & Battery Swap Network
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CATL (03750.HK) said that it recently entered into a five-year comprehensively deepened strategic cooperation agreement with NIO-SW (09866.HK) in Hefei, Anhui. Pursuant to the agreement, CATL and NIO-SW will deepen cooperation in three major areas, naming technology, ecology and market. This includes the special joint development of long-lasting battery and battery swap compatibility technology, aiming to jointly advance technological progress and business model innovation in the NEV industry, and support Hefei in building a world-class NEV industrial cluster. AASTOCKS Financial News Website: www.aastocks.com |
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