Recently, Contemporary Amperex Technology Co. Limited (CATL) and NIO entered into a sweeping and profound strategic cooperation pact, spanning a five-year period, in Hefei, Anhui Province. The two industry giants are set to embark on an in-depth collaborative journey across three pivotal domains: technology, ecosystem, and market.

On the technological front, the partnership will zero in on the co-development of long-life batteries and technologies ensuring compatibility with battery swap systems. This endeavor will foster cross-pollination across multiple technological pathways, with a keen emphasis on the swift deployment of cutting-edge innovations.

In the realm of ecosystems, the duo will jointly spearhead the establishment of battery swap technology standards and the pooling of network resources. Additionally, they will intensify their collaborative efforts on innovative business models, such as battery leasing.

Within the market landscape, CATL and NIO will bolster their joint brand promotion endeavors in both domestic and international arenas. By joining forces, they aim to amplify their global market clout and expand their market share.