What will a battery-swapping agreement entail?

In light of the agreement, both sides will carry out comprehensive cooperation in various fields including developing battery-swapping standards, promoting battery-swapping technology, and swapping network construction, according to media reports.

Could Xinhua Geely & Nio partnership lead to a new energy vehicle?

Photo:Xinhua Geely Holding Group and Nio, major players in China's new energy vehicle (NEV) sector, signed comprehensive cooperation agreements on Wednesday, focusing on the battery swapping business. The collaboration could serve as a catalyst for further advancement in the entire domestic NEV industry, experts said.

How will a battery swap deal affect energy replenishment?

The deal will help to accelerate the standardization of battery swapping models, and jointly build a new ecosystem for battery swapping and energy replenishment, Li Shufu noted.

How has 2022 changed our energy production and capacity?

Since 2022, we have managed to increase our production and capacity: In November 2023, the revised Renewable Energy Directive entered into force. This new legislation aims to increase the share of renewables in the EU’s overall energy consumption, raising the binding target for 2030 to 42.5%, with the ambition to reach 45%.

Why did Li Bin sign a battery swap agreement?

Li Bin said at the signing ceremony that the cooperation will promote the further popularization of the battery swap model, allow more users to have a high-quality and convenient battery swap experience, and contribute to the high-quality development of the smart electric vehicle industry.

Are renewables in line with government ambitions?

By providing a global stocktake of governments’ renewable capacity plans, the analysis – which covers more than 145 countries – explores whether recent trends in the deployment of renewables are in line with government ambitions and the goal of reaching 11 000 gigawatts (GW) of capacity by 2030.