Phate Zhang

Nio vice president Shen Fei said CATL's move is an endorsement of the EV maker's lonely strategy that it has been sticking to for six years.

Cadillac's IQ Space is very similar to Nio's Nio House, which is not only a showcase for new cars, but will also offer various activities for Lyriq users.

The battery swap station has been in place for over a month and is not yet open for business.

The main competition facing EV makers is still fuel vehicle makers, and innovations and business models that facilitate ease of use and ease of travel for electric car owners are good news, said Nio.

CATL said its battery swap service can be adapted to 80 percent of the world's vehicles already on the market and those to be launched in the next three years on pure electric platforms.

This is SK Innovation's fourth battery plant in China and its first wholly-owned battery plant there.

The platform will be built on Black Sesame's HuaShan-2 A1000 self-driving computing chip, with volume production targeted for 2022.

Xpeng says it offers locally scarce 180kW DC supercharging piles in 12 cities, which they will open up to other brands first in the future.

BYD and FAW Group have established a joint venture with a registered capital of RMB 1 billion, with a 51 percent and 49 percent stake, respectively.

This is a normal relocation of the US office and will use a more spacious office building with more common areas for employees, Nio said.