Site icon Hot Paths

NIO in talks to sell power unit to CATL (NIO:NYSE)

NIO ES8 is an all-electric, 7-seater midsize sport utility vehicle

Michael Vi/iStock Editorial via Getty Images

  • China’s NIO Inc (NYSE:NIO) is in talks to sell its power unit to Contemporary Amperex Technology Co Limited (“CATL”), the world’s largest manufacturer of lithium-ion batteries used in the electric vehicle industry, according to sources cited by Reuters.
  • NIO Power
Exit mobile version