NIO - Tesla's Chinese Rival Nio And CATL Forge Partnership To Extend Battery Lifespan: Report | Benzinga
NIO Inc. (NYSE:NIO) shares are trading lower in the premarket session on Thursday.
The company signed an agreement with battery giant CATL on a partnership to develop batteries with longer life to decline overall EV charges, Reuters reported.
Last month, China’s leading battery and car manufacturers, including CATL and BYD Co., Ltd. (OTC:BYDDY), came together to develop solid-state batteries, a technology that could revolutionize the electric vehicle (EV) market.
The ...