Mar 15, 2024 04:26 AM
BUSINESS
Nio Teams up with CATL to Develop Longer-Life Batteries
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Nio and CATL signed a cooperation agreement Thursday in Beijing to develop batteries with a longer lifespan
Chinese electric vehicle upstart Nio Inc. is teaming up with battery giant Contemporary Amperex Technology Co. Ltd. (CATL) to develop batteries with a longer lifespan in a bid to cut the cost of powering electric cars.
The pair signed the partnership Thursday. It will focus on researching ways to lower the “full life cycle” cost of batteries and aim to develop batteries with a warranty period of up to 15 years without a mileage limit.
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