Volvo and Polestar parent signs up for EV battery swapping with Nio

Chinese automaker Geely—parent company of Volvo, Polestar, and Lotus—has signed an agreement with Nio to use the latter’s battery-swapping tech in the Chinese market. Under the agreement, the two companies « co-develop two battery swapping standards for private cars and commercial vehicles, » promote adoption of the technology, and scale…