Two weeks after signing a similar strategic cooperation agreement with Lotus Technology, NIO has announced an additional agreement with China’s GAC Group to collaborate on charging and swapping and implementing a new unified battery standard. Many readers know NIO Inc. ($NIO) for its growing portfolio of premium EVs and sub-brands, but the Chinese automaker is also the global leader in EV battery swap stations. As of October 2023, NIO has successfully completed over 30 million battery swaps around the world, proving the technology is a viable alternative to standard plug-in and charge EV practices. To help expand battery technology, especially as it pertains to infrastructure, NIO has begun enlisting the help of some of its competitors with the goal of establishing EV battery standards in China and possibly beyond. In late April, during the Beijing Auto Show, CEOs from NIO and Lotus Technology announced a new strategic cooperation, detailing plans to co-develop charging and battery swap technologies. Some items on their to-do list include charging and swap technologies, battery asset management and operations, service network operations, vehicle R&D …