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CATL continues to invest in NIO: After 2.5 billion yuan, it will also invest in WeLion
CATL's battery swapping business is rapidly expanding. Recently, CATL reached a strategic cooperation with NIO and invested no more than 2.5 billion yuan in NIO Energy. However, CATL intends to continue betting on battery swapping. According to sources, CATL will also invest in NIO-related battery asset company - Wuhan Weineng. "But the amount will not be as large as the 2.5 billion yuan for NIO Energy."
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