As Tesla opens its Superchargers, Nio opens its exchange stations. The first partner is Changan, a heavyweight in the Chinese market.
Nio announced a few months ago that it wanted to open its battery exchange network to other manufacturers. An approach intended to promote this technology and ensure its profitability.
In great financial difficulty, Nio is therefore particularly pleased to be able to confirm the name of a first partner for sharing this technology in order to also reassure the financial markets. Especially since this partner is not a small player. Changan is thus the fourth brand on the market behind BYD and Volkswagen, but ahead of Honda and Geely.
An expanded partnership
Changan and Nio are not their first cooperation, even if the first one ended short. In 2018, both gave birth to the first joint venture between a start-up and a large group in China. But Nio has other fish to fry and cannot keep up with successive capital increases. Its share in this joint venture has now fallen below 1%. Changan-Nio did not disappear, however, and the company was renamed in 2021: Avatr.
If the partnership is signed, we do not know the details, whether from a financial point of view or from the product plan. We therefore do not know when the first compatible Changan will arrive, just like the badge it will wear. Changan owns several brands: Changan, Ossan, Changan Qiyuan… Deepal and Avatr, born in partnership with Huawei and especially CATL, seem unlikely.
The President of Changan also indicated that the partnership would not be limited to battery exchange. The two manufacturers could cooperate across the entire electric vehicle ecosystem: energy management, fast charging, services.
Nio is in discussions with other manufacturers to continue to share its technology. Hongqi could be one of the next brands to take advantage of the 2,213 exchange stations operated by Nio on Chinese territory.
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