The two car manufacturers will launch models with standardized battery packs in the future
Nio has inked yet another battery swapping and charging deal with a fellow Chinese carmaker, this time striking a strategic cooperation with state-owned FAW . Through the partnership, Nio and FAW will work together to develop a unified battery standard system and also co-develop electric vehicles that support battery swapping and can use the same charging stations.
The electric vehicle startup has signed battery-swapping agreements with several other car companies in recent months. These include GAC Group, Geely, Chery Automotive, Changan Automobile, JAC, and Lotus. Last week, Nio confirmed that models from its new entry-level Onvo brand will be compatible with its battery swapping stations. Onvo’s first model is the Tesla Model Y-rivalling L60. It starts at RMB 219,900 , allowing it to undercut the Tesla by roughly 12%.
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