Chery Xingtu and NIO jointly launch the first battery-swap model

Chery's high-end brand Xingtu will cooperate with NIO to launch its first battery swap model in the third quarter of this year, which may be based on Xingjiyuan ES (mid-size sedan) and ET (mid-size SUV). Although Xingjiyuan's sales performance is not ideal, this cooperation is seen as an important step for NIO's battery swap alliance.