CATL reports it has so far built 400 battery swap stations for passenger EVs in China. It believes it is well on the way to ...

CATL reportedly priced its shares at 263 Hong Kong dollars ($33.63), the top of its advertised pricing range. At a widely reported $4.6 billion, the battery maker’s secondary listing is roughly ...

CATL, a juggernaut battery producer, coming on board to push battery-swapping networks with multiple automakers is a huge deal for Nio, and that's before considering the doors it could open as the ...

“We all have to make money for him,” Li Bin, the founder of NIO, a Chinese EV startup, said at a Beijing auto show last year. Li’s firm, like many Chinese EV makers, is losing money, while CATL made ...

CATL made the proposal after announcing a maximum 2.5 billion yuan ($342 million) investment in the unit, Nio Power, in March, said the sources, who asked not to be named because the talks are not ...

Chinese EV maker and battery-swapping pioneer Nio is one exception. The company has introduced 60 battery swap stations across Germany, the Netherlands, Norway, Sweden and Denmark.

Image source: Nio. Now, let's get to the good news. Another Chinese battery maker, CATL, is working with a group of Chinese automakers on a battery swapping technology that takes just over 90 seconds.