<ul><li>Chinese battery maker CATL is in talks to buy a controlling stake in the power unit of EV maker Nio, which operates more than 3,000 battery-swapping stations in China.</li><li>Nio reported an $826.5 million loss for the fourth quarter of 2024, even as it increased vehicle deliveries by 45 percent year-on-year.</li><li>Nio Power, the power unit of Nio, was valued at over 10bn yuan in a previous fundraising round.</li><li>CATL, the world's largest maker of EV batteries, has been increasing its investments in battery-swapping infrastructure and plans to build 1,000 battery-swapping stations this year.</li></ul>

CATL ‘In Talks’ For Controlling Stake In Nio’s Power Unit

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