Reuters: CATL in talks to buy controlling stake in Nio Power
Chinese battery giant CATL is reportedly in talks to acquire a controlling stake in Nio Power, the electric vehicle maker’s battery-swapping and charging subsidiary. Four sources familiar with the matter told Reuters that the move would give CATL control over Nio’s ever-expanding swap station network.
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Originally posted on: https://www.automotiveworld.com/news/electric-mobility-news/reuters-catl-in-talks-to-buy-controlling-stake-in-nio-power/