$NIO As one of China's most influential state-run newspapers, Economic Daily's opinion pieces are noteworthy. In its latest piece, the paper's commentator voiced support for the battery swap model led by Nio (NYSE: NIO).
Nio's new partnership with Chongqing Changan Automobile marks the first time the system has been opened up to car makers since it got involved in battery swap, and it's also a response to voices downplayed the battery swap model, according to Economic Daily commentator Yang Zhongyang, who wrote about in a November 24 piece.
As a backdrop, Nio announced on November 21 that it signed a cooperation agreement with Changan to promote the construction and sharing of battery swap network and to jointly conduct research and development of battery swap-enabled models.
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