CATL in discussions to acquire majority stake in Nio's power unit

From Investing.com: 2025-04-07 05:06:00

Chinese battery maker CATL is reportedly in discussions to acquire a majority stake in the power unit of electric vehicle maker Nio. The potential deal could help Nio reduce costs and strengthen its position in the competitive EV market.CATL is known for its advanced battery technology and has partnerships with several major automakers. Nio has been facing financial challenges and this partnership could provide the company with much-needed capital and resources.



Read more at Investing.com: CATL in talks to buy controlling stake in Nio’s power unit, sources say