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China's Nio to partner with Changan Auto on developing battery-swapping EVs

SHANGHAI (Reuters) - Chinese electric vehicle maker Nio said on Tuesday that it would partner with state-owned Changan Automobile on developing battery-swapping EVs.

Nio would also team up with Changan on building and sharing battery-swapping stations and standardising batteries to promote battery-swapping technology, Nio said in a statement to Reuters.

(Reporting by Zhang Yan, Brenda Goh and Beijing Newsroom; Editing by Christopher Cushing)