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CATL in talks to buy major stake in EV maker Nio's power unit: report

CATL in talks to buy major stake in EV maker Nio's power unit: report

FILE PHOTO: Employees work on the production line at a factory of Chinese electric vehicle (EV) maker Nio in Hefei, Anhui province, China April 2, 2025. REUTERS/Florence Lo/File Photo

Chinese battery giant CATL is in talks to buy a controlling stake in electric vehicle maker Nio’s power unit, which runs more than 3,000 battery swapping stations in China, four people with knowledge of the matter told Reuters.

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