Overview
- The companies formalized a five-year strategic cooperation in Hefei covering technology, ecosystem, and market alignment, with no financial terms disclosed.
- Nio CEO William Li cautioned that China’s EV owners could face replacement bills of at least 60,000 yuan per vehicle after 2032, potentially totaling up to 3 trillion yuan.
- Morgan Stanley’s real-world tests found CATL batteries degraded the least, retaining about 400 km of range after 2 million kilometers versus roughly 350 km or less for rival cells.
- CATL and Nio have committed to unified battery standards and sharing swap networks, as Nio operates about 3,700 stations and targets over 10,000 by 2030 while CATL’s Chocolate Swap exceeded 1,000 by end-2025 with plans to more than double in 2026.
- CATL is scaling its 587Ah platform, which entered mass production in June 2025 with cumulative shipments surpassing 2 GWh, and it says sodium-ion batteries will be ready for large-scale use by the end of 2026.