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Nio and GAC will work together on battery standards, development and customization of battery swap-enabled models, battery asset management and operations, and battery swap service network construction.
(Image credit: Nio)
The Nio (NYSE: NIO) led battery swap alliance is seeing a new member, with Chinese auto giant GAC Group the latest to join.
Nio and GAC signed a strategic cooperation agreement on charging and battery swap on May 8 in Guangzhou, where the latter is headquartered, according to a statement today.
The two sides will carry out strategic cooperation in the areas of battery standards, development and customization of battery swap-enabled models, battery asset management and operation, and battery swap service network construction and operation, Nio said.
The two will promote the interconnection of their own charging platforms, the electric vehicle (EV) maker said.
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