China’s CATL, Nio deepen partnership to develop EV batteries with longer lifespans

Contemporary Amperex Technol­ogy Ltd (CATL), the world’s largest maker of electric vehicle (EV) batteries, has intensified efforts to develop batteries with longer lifespans after deepening its partnership with carmaker Nio. The two companies said they were committed to finding solutions to an issue that could cost millions of EV users trillions of yuan to replace expired batteries. Under a five-year agreement, CATL and Nio would pursue new technologies aimed at extending the life cycle of EV...