NIO and CATL Forge Partnership for EV Battery Swapping

NIO and CATL have officially sealed the deal in Beijing. The signing of a framework agreement centers around battery swapping. NIO stated on the X platform (former Twitter):

Battery swapping can help unlock widespread EV adoption and accelerate the world’s transition to sustainable transportation. It is a bold step towards a greener, cleaner future. This partnership with NIO’s battery swap technology and CATL’s expertise in battery manufacturing looks very promising in helping EV users expect faster, smoother, and more reliable battery swapping services. Would you instead swap out your EV’s battery in minutes, similar to refueling at a gas station? Or would you rather charge your EV at home or at a public charger?