Nio (NYSE:NIO) has confirmed strategic partnerships with JAC and Chery to enhance battery swap technology and service networks. The collaboration will focus on battery standards, swap technology, and network construction and operation. Nio's battery swap service is likened to a cloud service and is being opened up to partners. Previous agreements with Changan Automobile and Geely Holding will also contribute to the development of a shared battery swap network and swappable battery standards. Nio recently acquired two factories from JAC in Hefei, Anhui province.