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Nio Capital backs battery swapping, says key to electric vehicles

Nio Capital, the venture capital arm of electric vehicle start-up Nio, said its investment in Aulton, a Guangzhou-based battery swapping technology provider, underlined its conviction that electric vehicles should be powered by a public battery charging network that can be shared between different vehicle users. Ian Zhu, the company's managing partner, told the South China Morning Post Aulton was among the latest additions to its 15 portfolio companies in the new energy sector.

Topix VC News     Jun 06, 2018