- The first non-Nio models from its battery swap alliance could be an SUV and a sedan from Chery's sub-brand Exeed.
- Both models are expected to go on sale in the third quarter of 2025.
Chinese auto giant Chery will launch models based on Nio's (NYSE: NIO) battery swap technology in the third quarter, potentially becoming the first models from the electric vehicle (EV) maker's battery swap alliance of other automakers.
Chery's sub-brand Exeed has partnered with Nio to build battery swap-enabled models that will go on sale in the third quarter of 2025, according to automotive blogger @安亭大帆.
The blogger shared an image showing the information on Weibo, saying it came from Chery's annual media conference.
The image shows two models, including an SUV (sport utility vehicle), and a sedan.
Nio vice president Shen Fei retweeted the Weibo post, indirectly confirming the authenticity of the information.
Separately, another auto blogger @ArthurShen_Origin said Chery will have two new models built on Nio's battery swap technology this year.
An SUV and a sedan from Exeed are both set to go on sale in the third quarter of 2025, according to the blogger.
@ArthurShen_Origin shared two videos along with two images showing the two models being tested at a Nio battery swap station.
Nio announced on January 11, 2024 that it entered into a battery swap strategic cooperation agreement with Chery to collaborate on battery standards, battery swap technology, and battery swap service network construction and operation.
Similar to other battery swap partnerships Nio had entered into, the company did not provide further details.
In a media meetup on December 12, William Li, Nio's founder, chairman and CEO, said the first model from the Nio battery swap alliance was undergoing winter testing.
The cycle time to build a new battery swap-enabled model is about 18 months, and by 2027 and 2028 there would be a relatively large number of new models built using Nio's battery swap technology, Li said at the time.
Models from the battery swap alliance is expected to help Nio's energy arm, Nio Power, grow independently.
Nio announced on May 31, 2024 that Nio Power had received a RMB 1.5 billion ($205 million) investment from a strategic investor in Wuhan, marking the first time the division has received external investment to support its continued infrastructure development.
On June 6, 2024, the company's management said in an earnings call that Nio still holds around 90 percent of Nio Power after it secured its first external financing.
Nio Power was founded in Wuhan in May 2017 with legal representative Shen and was previously wholly owned by Nio Holding.
($1 = RMB 7.3322)
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