Source: Getty Images/ Chesky_W
With the new arrangement, Changan has become the first external partner for Nio
Chinese automakers Changan Automobile and Nio have teamed up on sharing the latter’s electric vehicle battery-swap network in China, according to a news report published on CnEVPost on Nov. 21.
With the new arrangement, Changan has become the first external partner for Nio, it said, adding that Nio has signed a formal battery-swap business partnership agreement with Changan in Chongqing, China, on Nov. 21.
Citing Nio, the report said that under the new arrangement, the two companies plan to jointly facilitate the formulation of standards for swappable batteries, build and share the battery-swap network, develop swappable EVs and set up an efficient battery management mechanism.
Nio’s new arrangement with Changan comes years after it had pulled out of a joint venture with the legacy carmaker in the past, the report pointed out.
Notably, Nio and Changan had worked together a few years ago. The two companies had even set up a JV named Changan Nio in 2018, with each holding 50% stake in the entity. However, according to the report, the JV collapsed after Nio's stake in Changan Nio was reduced from 50% to 4.62% at the end of 2020, while Changan's ownership increased to 95.38%.
Quoting Nio Chairman and Founder William Li, the report said, “As Nio started battery swap from the very beginning, it has been ready to open up its technologies and infrastructure to the entire industry. Similar to the cloud service provided by Internet companies, Nio's Power Swap network and Power Cloud also followed the path along which we started with developing infrastructure and achieving a closed loop internally, and then open to others after validating the service across various scenarios.”
Notably, Nio has accumulated extensive experience and data on the development, construction and operation of EV battery-swap stations over the last five years. The company’s founder estimates that Nio is now ready to open up its network for the entire industry.
Quoting Zhu Huarong, Chairman of Changan, the report added, “As China is doubling down on new energy and smart connected vehicles, the implementation of NIO's battery swapping model marks a significant milestone for the industry. The partnership between Changan Automobile and NIO on battery swap is of great importance, contributing to the high-quality development of China's new energy vehicle industry. This partnership with NIO won't be limited to battery swap.”
Copyright © 2025 S&P Global Inc. All rights reserved.
These materials, including any software, data, processing technology, index data, ratings, credit-related analysis, research, model, software or other application or output described herein, or any part thereof (collectively the “Property”) constitute the proprietary and confidential information of S&P Global Inc its affiliates (each and together “S&P Global”) and/or its third party provider licensors. S&P Global on behalf of itself and its third-party licensors reserves all rights in and to the Property. These materials have been prepared solely for information purposes based upon information generally available to the public and from sources believed to be reliable.
Any copying, reproduction, reverse-engineering, modification, distribution, transmission or disclosure of the Property, in any form or by any means, is strictly prohibited without the prior written consent of S&P Global. The Property shall not be used for any unauthorized or unlawful purposes. S&P Global’s opinions, statements, estimates, projections, quotes and credit-related and other analyses are statements of opinion as of the date they are expressed and not statements of fact or recommendations to purchase, hold, or sell any securities or to make any investment decisions, and do not address the suitability of any security, and there is no obligation on S&P Global to update the foregoing or any other element of the Property. S&P Global may provide index data. Direct investment in an index is not possible. Exposure to an asset class represented by an index is available through investable instruments based on that index. The Property and its composition and content are subject to change without notice.
THE PROPERTY IS PROVIDED ON AN “AS IS” BASIS. NEITHER S&P GLOBAL NOR ANY THIRD PARTY PROVIDERS (TOGETHER, “S&P GLOBAL PARTIES”) MAKE ANY WARRANTY, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE, FREEDOM FROM BUGS, SOFTWARE ERRORS OR DEFECTS, THAT THE PROPERTY’S FUNCTIONING WILL BE UNINTERRUPTED OR THAT THE PROPERTY WILL OPERATE IN ANY SOFTWARE OR HARDWARE CONFIGURATION, NOR ANY WARRANTIES, EXPRESS OR IMPLIED, AS TO ITS ACCURACY, AVAILABILITY, COMPLETENESS OR TIMELINESS, OR TO THE RESULTS TO BE OBTAINED FROM THE USE OF THE PROPERTY. S&P GLOBAL PARTIES SHALL NOT IN ANY WAY BE LIABLE TO ANY RECIPIENT FOR ANY INACCURACIES, ERRORS OR OMISSIONS REGARDLESS OF THE CAUSE. Without limiting the foregoing, S&P Global Parties shall have no liability whatsoever to any recipient, whether in contract, in tort (including negligence), under warranty, under statute or otherwise, in respect of any loss or damage suffered by any recipient as a result of or in connection with the Property, or any course of action determined, by it or any third party, whether or not based on or relating to the Property. In no event shall S&P Global be liable to any party for any direct, indirect, incidental, exemplary, compensatory, punitive, special or consequential damages, costs, expenses, legal fees or losses (including without limitation lost income or lost profits and opportunity costs or losses caused by negligence) in connection with any use of the Property even if advised of the possibility of such damages. The Property should not be relied on and is not a substitute for the skill, judgment and experience of the user, its management, employees, advisors and/or clients when making investment and other business decisions.
The S&P Global logo is a registered trademark of S&P Global, and the trademarks of S&P Global used within this document or materials are protected by international laws. Any other names may be trademarks of their respective owners.
The inclusion of a link to an external website by S&P Global should not be understood to be an endorsement of that website or the website's owners (or their products/services). S&P Global is not responsible for either the content or output of external websites. S&P Global keeps certain activities of its divisions separate from each other in order to preserve the independence and objectivity of their respective activities. As a result, certain divisions of S&P Global may have information that is not available to other S&P Global divisions. S&P Global has established policies and procedures to maintain the confidentiality of certain nonpublic information received in connection with each analytical process. S&P Global may receive compensation for its ratings and certain analyses, normally from issuers or underwriters of securities or from obligors. S&P Global reserves the right to disseminate its opinions and analyses. S&P Global Ratings’ public ratings and analyses are made available on its sites, www.spglobal.com/ratings (free of charge) and www.capitaliq.com (subscription), and may be distributed through other means, including via S&P Global publications and third party redistributors.