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Geely and NIO sign a cooperation agreement to jointly build a standard system for battery swapping for private and commercial vehicles

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Beijing News, Shell Finance News (Reporter Zhang Bing) - After Changan Automobile, Geely has become the second company to cooperate with NIO in the field of battery swapping. On November 29th, Geely Holding Group and NIO signed a strategic cooperation agreement on battery swapping in Hangzhou. The two sides will cooperate comprehensively in various fields such as battery swapping standards, battery swapping technology, battery swapping service network construction and operation, research and development and customization of battery swapping models, battery asset management and operation.
According to the agreement, both parties will work together through the "joint investment, joint construction, sharing, and joint operation" model to create two major battery swapping standard systems for "private cars" and "commercial cars", accelerate the connectivity and collaboration of the vehicle end, station end, battery end, and operation end, expand the scale of the battery swapping network, and provide more convenient, safer, and more complete services for users with different needs. Both parties will also establish an efficient battery asset management system, establish a unified battery swapping operation management system, and cooperate in the research and development of battery swapping passenger cars that are compatible with both parties' battery swapping systems.
Li Shufu, Chairman of Geely Holding Group, stated that green sustainable development and carbon neutrality have become a global consensus. As one of the important energy replenishment methods for new energy vehicles, the high-quality development of battery swapping mode requires the joint efforts of all parties in the industry. Through this strategic cooperation in battery swapping, both sides will strengthen the cooperation in the battery swapping industry chain, accelerate the standardization and generalization of battery swapping modes, and jointly build a new ecosystem of battery swapping and energy supplementation.
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