<ul><li>Chinese battery giant CATL is in talks to acquire a controlling stake in Nio Power, the power unit of EV maker Nio.</li><li>Nio Power currently operates over 3,000 battery-swapping stations in China.</li><li>As part of a strategic partnership signed last month, CATL will invest a maximum of RMB 2.5 billion in Nio Power.</li><li>CATL aims to diversify beyond battery making and has recently partnered with Sinopec to build 10,000 battery-swapping stations.</li></ul>

CATL seeking controlling stake in Nio Power – report

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