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14 Sep
08:07

Nio, Svolt Energy may jointly develop big cylindrical batteries

Chinese new energy vehicle company Nio and Chinese battery firm Svolt Energy are reportedly planning the joint development of large cylindrical batteries. Citing unnamed sources familiar with that matter, Chinese media EVhui says the companies will form a joint venture to invest in pilot production lines located in Ma’anshan, Anhui Province. The plan is said to merge part of the research staff of the two companies in the JV, while keeping the manufacturing …
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