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Geely Holding Group agreed to invest in a 30% stake in NIO Power, NIO’s charging and battery-swapping arm, by transferring ownership of Yiyi Power and paying 640 million yuan in cash. The partnership includes standardizing technologies and standards, developing battery-swappable vehicles, and creating a shared service network.
The government of President Ferdinand Marcos Jr. seeks to connect manufacturing companies with electric-vehicle technologies developed by Philippine universities and research institutions, focusing on tricycles and jeepneys used in public transportation. The options include a new electric model with an initial cost of approximately 600,000 pesos, and converting conventional vehicles to electric propulsion for about 120,000 pesos.
CATL and Octopus Energy have announced the Swaptopus project to develop a European network for swapping batteries in commercial trucks, alongside the unveiling of the TECTRANS II battery, with a range of up to 1,000 kilometers and charging to 80% in 25 minutes. DHL and other partners are participating in a memorandum of understanding aimed at accelerating the electrification of freight transport.