Global wafer foundry industry analysis and forecast, 2022

Nio, Svolt Energy reportedly to set up JV to develop cylindrical batteries

Staff reporter, Taipei; Eifeh Strom, DIGITIMES Asia Tuesday 19 September 2023 0

Credit: Svolt

Chinese electric vehicle (EV) company Nio is reportedly planning to set up a joint venture with Svolt Energy Technology to jointly develop large cylindrical batteries with the aim of reaching mass production by 2025, according to industry sources.

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