Nio, the Chinese electric vehicle startup, is in talks with several other carmakers about licensing battery swapping technology that is at the heart of the group’s strategy to win over motorists in Europe, one of the company’s top executives has said, the Financial Times reports.
European president Hui Zhang said the company was talking with Chinese and international car groups to open its network of charging stations, which it wants to raise from 800 to 5,000 around the world by 2025, targeting the “premium segment” of Europe, which appears likely to become a testing ground for the adoption of battery technology, the report said.
Read the full story: The Financial Times.
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