BUZZ-Nio gains on tie-up with CATL for battery swapping network

Reuters03-18

** U.S. listed shares of Chinese EV maker Nio 9866.HK, NIO.N rise 1.6% to $5.11

** Co says that it would collaborate with battery maker 300750.SZ CATL for a battery-swapping network for cars

** CATL will support Nio in developing the battery-swapping network, and the battery maker's Choco-Swap technical standards and network will be introduced to Nio's new Firefly-branded models

** 12 out of 26 brokerages rate the stock "buy" or higher, 12 rate "hold"; median PT is $5.50 as per data compiled by LSEG

** Up to last close, NIO stock down 9.2% in the past 12 months

(Reporting by Padmanabhan Ananthan)

((Padmanabhan.Ananthan@thomsonreuters.com;))

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