Reuters：Chinese battery giant CATL (300750.SZ), opens new tab is in talks to buy a controlling stake in electric vehicle maker Nio's (9866.HK), opens new tab power unit, which runs more than 3,000 battery swapping stations in China, four people with knowledge of the matter told Reuters.
CATL made the proposal after announcing a maximum 2.5 billion yuan ($342 million) investment in the unit, Nio Power, in March, said the sources, who asked not to be named because the talks are not yet public.
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