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CATL, Nio invest $346 million to build out battery-swap grid

CATL
(Qilai Shen/BLOOMBERG)
BN
By:
Bloomberg News
March 18, 2025 12:05 PM

The world’s largest battery manufacturer, Contemporary Amperex Technology Co., has agreed to invest up to 2.5 billion yuan ($346 million) to build out a battery-swapping network across China in collaboration with electric vehicle maker Nio Inc.

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