Feedback

Volvo and Polestar owner, Geely, ink battery swap tech deal with NIO

Clifford Chow
11/12/2023

This means that future Polestar, Volvo and even Lotus owners may soon be able to brag about their battery-swapping tech, and also significantly reduced downtime


HANGZHOU, CHINA

NIO holding, has entered into a deal with Zhejiang Geely Holding Group, to standardise swappable battery model development, battery asset management and network expansion. The deal with Geely, comes shortly after NIO announced a tie-up with another Chinese manufacturer, Changan Automobile.

NIO ES8

NIO, which began producing automobiles as recently as 2016, is known for its battery-swapping technology (like in this second-generation ES8). Currently, the company is said to lose close to $50,000 per car sold, as trade barriers from both North-American and European markets cast a pall on production numbers.

NIO Power Swap Station

The agreement with Geely will mean significantly reduced cost in technology development and unified battery swap facilities. Apart from standardising battery swapping standards for cars, both companies will also go on to co-develop another set of standards for commercial vehicles. The move will not only benefit Geely’s domestic brands, but marques like Volvo, Polestar, Lotus and even Malaysian-born Proton, which come under Geely’s multi-brand portfolio, may very likely benefit from the technological crossover in the future.

Currently, an automobile from NIO will take between three to five minutes to perform a battery swap, at one of its battery swapping stations.



“Green sustainable development and carbon neutrality have become a global consensus,” said Eric LI, Founder and Chairman of Geely Holding, “As one of the most innovative methods for recharging electric vehicles, the future development of battery swapping technology requires the joint efforts of all parties in the industry to advance it. Geely Yiyi Power has achieved positive results in the operation across multiple cities nationwide and is continuing to grow. Through this strategic cooperation in battery swapping, the two parties will strengthen their cooperation in the battery swapping industry chain, accelerate the adoption of unified standards, expand the ecosystem for battery swapping and charging, support the low-carbon transformation and high-quality development of the automotive industry, and offer a better electric mobility experience for users.”

Polestar 2

“NIO and Geely share a profound understanding of battery swapping and have been dedicated to the investment in the battery swapping technology and network for private cars and commercial vehicles with rich experience in swapping service and operations,” said William LI, Founder, Chairman and CEO of NIO, “As a leading company in the Chinese automotive market, Geely Holding’s rapid development in the new energy field is impressive. This strategic partnership will further popularise battery swapping, bring quality and convenient battery swapping experience to more users and contribute to the steady development of the smart EV industry. We will continue to advance the construction of NIO’s battery-swapping network for NIO users, continually enhancing the charging experience for our users, and collaborating with partners to initiate the construction of a battery-swapping network for multi-brand sharing.”


Tags:

electric EV geely Lotus nio polestar PRoton smart Volvo

About the Author

Clifford Chow

More than seven years beating the same drum! He loves good autos, but Shifting Gears has its merits. Wants to travel the world, but he needs the money. He's also damn good in his photos, but not like Jay Tee kinda good. @thenewcarguy

Leave a Reply

Your email address will not be published.

CarBuyer – Revolutionizing The Online Car Marketplace In Singapore

Buy Used And New Cars Online
Start your car buying journey with CarBuyer as we connect you seamlessly to the industry’s best CaseTrust-SVTA accredited car dealerships. As a one stop car online portal you can now buy your new ride, be it a pre-owned car or a brand new car from trusted dealers all over Singapore, all in one place. Our ever expanding listing of quality and covet-worthy cars, new and second hand, from both owners and trusted car dealers, will leave you spoilt for choice. Refine your search by vehicle type, registration year, price, mileage, engine type, transmission, annual depreciation value and more to find the car that best suits your needs, taste and lifestyle. You can even search for your car by dealer or directly by owner.

Sell Your Car In An Instant With Confidence
We all know how selling a car in Singapore can be a daunting task especially for a first time car seller; from trying to get a valuation for your car, finding a trusted dealer, to getting the best quote on your vehicle. CarBuyer understands the hassle and even the costs involved and have as such partnered with Huawei to develop a FIRST in Southeast Asia AI car valuation tool that is able to provide a car’s resale value at the snap of a finger. Backed with a consortium of trusted CaseTrust-SVTA accredited car dealers you can be assured that you are getting the best price for your vehicle and do not have to worry about any hidden costs.

The Ultimate Car Shopping Experience Online
CarBuyer platform is the first of its kind to be backed by Huawei’s Artificial Intelligence and cloud computing, enabling it to be able to offer users transparency and enhanced security, all with the one aim of enhancing customer experience. So come on over to buy and sell used cars online at the best prices at CarBuyer Singapore. Connect easily with dealers in real-time via our online video call feature, or schedule a test drive when you’re ready. Have some questions? Get them answered instantly with our chatbot moderated by our responsive team. Stay in the loop with our car-related tips, reviews and news. Learn the ins-and-outs of your car, as well as global and Singapore’s car updates at your own pace.