Chinese battery giant CATL is in talks to acquire a controlling stake in Nio’s power unit, which operates over 3,000 battery swapping stations across China. This deal highlights Nio's efforts to strengthen its position in the competitive EV market and expand its charging infrastructure.
Chinese battery giant CATL is in talks to acquire a controlling stake in Nio’s power unit, which operates over 3,000 battery swapping stations across China, sources have revealed. This proposal follows CATL's investment of up to 2.5 billion yuan ($342 million) in Nio Power earlier this year.
Nio Power, a key asset for Nio, offers charging and battery swapping services not only for Nio vehicles but also for other EV brands, including Tesla and BYD. The deal, though not yet finalised, reflects Nio’s efforts to boost its strategic position in China’s competitive EV market and to ease concerns over electric vehicles' range limitations. Nio’s battery swapping network, the largest in the world, allows drivers to swap depleted battery packs with fully charged ones in under three minutes.
While Nio has not commented on the specifics of the potential deal, it has acknowledged ongoing collaborations with CATL in building battery swapping stations. This partnership aims to create the world’s largest battery swapping network, with 10,000 stations planned in the next few years.
Nio’s growing competition in China’s auto market and its push to enhance its charging infrastructure are key drivers behind these developments.
President Donald Trump stated on Thursday that he would consider offering tariff relief to China if Beijing approves a deal for the sale of TikTok, the short video app owned by ByteDance.
China has escalated its control over vital mineral exports in retaliation to U.S. tariffs, intensifying global supply chain fears as it tightens curbs on rare earths, battery metals, and strategic technologies critical for defence and green energy.
China has hit back at Washington with a new wave of tariffs and export restrictions, escalating trade tensions as it targets key U.S. imports and rare-earth materials critical to advanced industries.
China has successfully launched a new satellite, Tianping-3A 02, into space from the Taiyuan Satellite Launch Center in Shanxi province.
Taiwan has reported a sharp increase in Chinese military activity as Beijing concluded two days of war games around the island, intensifying tensions across the Taiwan Strait.
The Philippine government has imposed a temporary ban on importing both wild and domestic birds from Belgium after an outbreak of highly pathogenic avian influenza (H5N1) was confirmed in the city of Sint-Niklaas. The Department of Agriculture announced the suspension on Monday, citing the need to p
Canada has requested WTO dispute consultations with the United States regarding President Donald Trump's decision to impose a 25% tariff on cars and car parts from Canada, the World Trade Organization announced on Monday.
China has unveiled an ambitious expansion of its renewable energy programme, pledging major investment in solar and wind infrastructure to boost clean energy to 40% of its power mix by 2030—marking a decisive shift toward grid integration and nationwide deployment.
Since the beginning of 2025, the epidemiological situation in the Kyrgyz Republic for measles and rubella has deteriorated, according to the Republican Center for Immunoprophylaxis of the Ministry of Health of the Kyrgyz Republic (RCI).
Hungarian energy company MVM is eager to contribute to Azerbaijan’s renewable energy projects and sees the Black Sea green energy corridor as a vital step for regional energy diversification.
Aid groups in Myanmar’s worst-hit areas urgently need shelter, food, and water after a devastating 7.7 magnitude earthquake killed over 2,700 people. Rescue efforts face challenges due to ongoing civil war, damaged infrastructure, and restricted aid access, with the toll expected to rise.
The inaugural Samarkand International Climate Forum will kick off on 4th April at the Silk Road Samarkand Congress Center in Uzbekistan. The high-profile forum will be held under the theme "Central Asia Facing Global Climate Challenges: Consolidation for Shared Prosperity."
French far-right leader Marine Le Pen was banned from running for public office for five years after being convicted of embezzlement, ruling her out of the 2027 presidential race. She received a four-year prison sentence, with two years suspended, and a €100,000 fine. Le Pen plans to appeal.
The first-ever summit between the European Union (EU) and the five Central Asian nations—Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan - began today in Samarkand, Uzbekistan.
The U.S. has pressured Lebanon to act against Hezbollah, urging the Lebanese Armed Forces (LAF) to enforce a ceasefire. The LAF, caught between U.S. demands and Hezbollah’s influence, risks losing vital U.S. support if it fails to act.
Canada has requested WTO dispute consultations with the United States regarding President Donald Trump's decision to impose a 25% tariff on cars and car parts from Canada, the World Trade Organization announced on Monday.
Global stock markets experienced a dramatic sell-off on Monday as investors reacted to the latest surge in US tariffs, raising fears of a potential global economic slowdown. European and Asian shares plummeted sharply, while US futures signaled the risk of a bear market, and oil prices also slid.
Ongoing uncertainty surrounding US President Donald Trump's tariff strategy has driven Bitcoin's value below the $75,000 mark on Monday.
Wikimedia Foundation has appealed an Indian court ruling that ordered the removal of allegedly defamatory content about ANI. This follows ANI's lawsuit over a Wikipedia description labelling it a "government propaganda tool", highlighting tensions in content regulation.
Global stock markets plummeted on Monday as tariff fears triggered panic among investors. With uncertainty over U.S. trade policies, futures markets priced in multiple interest rate cuts, heightening recession concerns. Major global indices saw sharp losses, while safe-haven assets surged.
The Philippine government has imposed a temporary ban on importing both wild and domestic birds from Belgium after an outbreak of highly pathogenic avian influenza (H5N1) was confirmed in the city of Sint-Niklaas. The Department of Agriculture announced the suspension on Monday, citing the need to p
Canada has requested WTO dispute consultations with the United States regarding President Donald Trump's decision to impose a 25% tariff on cars and car parts from Canada, the World Trade Organization announced on Monday.
China has unveiled an ambitious expansion of its renewable energy programme, pledging major investment in solar and wind infrastructure to boost clean energy to 40% of its power mix by 2030—marking a decisive shift toward grid integration and nationwide deployment.
Since the beginning of 2025, the epidemiological situation in the Kyrgyz Republic for measles and rubella has deteriorated, according to the Republican Center for Immunoprophylaxis of the Ministry of Health of the Kyrgyz Republic (RCI).
Hungarian energy company MVM is eager to contribute to Azerbaijan’s renewable energy projects and sees the Black Sea green energy corridor as a vital step for regional energy diversification.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment