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Volvo and Polestar parent signs up for EV battery swapping with Nio | KLRT [Video]

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Chinese automaker Geely—parent company of Volvo, Polestar, and Lotus—has signed an agreement with Nio to use the latter’s battery-swapping tech in the Chinese market.

Under the agreement, the two companies “co-develop two battery swapping standards for private cars and commercial vehicles,” promote adoption of the technology, and scale up battery-swapping operations, according to a Geely press release.

The agreement also calls for development of a “unified battery swap operation,” including interoperability between the battery-swapping hardware of both manufacturers. A timeline for meeting these goals was not given, however.

2024 Volvo EM90

Nio rolled out battery swapping in 2019 as a “killer app” for the brands EVs that differentiated them among many other brands—suggesting a fully charged battery in 3 minutes. The company claimed to have hit 1,000 battery-swapping stations last year.

Even as charging networks have grown, Nio has continued pushing for expansion of its battery-swapping network and generally boosting the tech—even will rolling out 500-kw DC fast chargers. …

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