CATL and NIO to jointly develop long-life EV batteries

Source Intelligence

KEY DETAILS

The agreement is for five years: "Under a five-year agreement, CATL and Nio would pursue new technologies aimed at extending the life cycle of EV batteries, they said in a statement on Tuesday."

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Location

The Shanghai-based EV assembler, viewed as a Tesla challenger in mainland China, aimed to achieve annualised sales growth of 40 per cent to 50 per cent over the next decade, according to Li.

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Announcement

CATL and Nio first announced plans to jointly develop longer-lifespan batteries in 2024.

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Signing

Under a five-year agreement, CATL and Nio would pursue new technologies aimed at extending the life cycle of EV batteries, they said in a statement on Tuesday.

PARTIES MENTIONED IN SOURCE

C

CATL developer

"Contemporary Amperex Technology Ltd (CATL) , the world’s largest maker of electric vehicle (EV) batteries, has intensified efforts to develop batteries with longer lifespans after deepening its partnership with carmaker Nio."

N

Nio developer

"Contemporary Amperex Technology Ltd (CATL) , the world’s largest maker of electric vehicle (EV) batteries, has intensified efforts to develop batteries with longer lifespans after deepening its partnership with carmaker Nio."

medium quality Enriched Feb 19, 2026