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NIO and Geely Reach Charging and Battery Swap Deal, Li Bin Says It's a Natural Step
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On September 28, NIO and Geely Holding Group officially announced a comprehensive strategic cooperation in the electric vehicle charging and battery swapping sector. In a group interview after the announcement, NIO founder, chairman, and CEO Li Bin stated that the collaboration was a natural progression, noting that the charging and swapping business is easy to calculate and that basic infrastructure should be shared among all car users. He emphasized that NIO's charging stations have been open to all brands from day one. Li Bin framed the partnership as a response to national strategy, aimed at reducing redundant investment and enabling resource sharing through deep coordination in technology, standards, operations, assets, and capital. He also addressed competition between the two companies, arguing that healthy competition does not preclude cooperation and that viewing competition as an obstacle to collaboration is poor business logic.
Source report
September 28 — NIO has officially entered into a comprehensive strategic cooperation with Geely Holding Group in the field of electric vehicle (EV) charging and battery swapping.
During a group interview following the partnership announcement, NIO Founder, Chairman, and CEO William Li stated that the two companies are discussing collaboration across multiple aspects of charging and battery swapping. He noted that "this area is easy to calculate the numbers," and emphasized that basic charging infrastructure should be shared among all vehicle users. Li added that NIO's charging stations have been open to users of all brands from day one, making the partnership with Geely "a natural progression."
Li described the collaboration as a concrete step aligned with national strategy, aimed at reducing redundant investment and promoting resource sharing and interoperability. The partnership involves deep coordination across technology, standards, operations, assets, and capital, leveraging the long-term resources and capabilities both companies have built in the charging and swapping ecosystem.
He further stressed that even where the two companies compete, it is healthy competition rather than a zero-sum game. "The idea that competition precludes cooperation is not sound business logic," Li said.
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Source
金融界Eastern
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NIO and Geely form strategic EV charging and battery swapping partnership