NIO's Li Bin Meets CATL's Zeng Yuqun at IAA Mobility, Announcing Expanded Collaboration

During the IAA Mobility exhibition, Li Bin, founder, chairman, and CEO of NIO, held strategic discussions with Zeng Yuqun, founder, chairman, and CEO of CATL regarding their next phase of collaboration. In a joint announcement, both parties stated that they will further expand cooperation, deepen synergy, and continuously raise standards and requirements for quality going forward. In January 2026, CATL and NIO signed a five-year comprehensive strategic cooperation agreement in Hefei, Anhui Province, deepening collaboration across three key areas: technology, ecosystem, and market. On the technology front, the two companies will focus on joint development of long-life batteries and battery-swap compatibility technologies, promoting multi-technology route collaboration and prioritizing the implementation of new technologies. In terms of ecosystem, they will jointly advance the formulation of battery-swapping technical standards and share resources within their battery-swap networks, further enhancing coordination under business models such as Battery as a Service (BaaS). On the market front, they will strengthen joint brand promotion efforts in both domestic and overseas markets.