NIO plans to set up a battery company with CATL expressing investment intentions.

According to 36kr’s report, NIO is planning to set up a battery asset management company to promote the separation of the vehicle and the battery, and launch a BaaS (Battery as a Service) product based on this.

The company will be led by NIO Energy Company and aims to take over NIO’s power battery assets to achieve vehicle-battery separation. It is reported that the company will be established in August.

Currently, the battery asset management company is seeking financing, and interestingly, CATL has expressed clear investment intentions.

This article is a translation by ChatGPT of a Chinese report from 42HOW. If you have any questions about it, please email bd@42how.com.