Swap

Swap is a service that allows electric vehicle owners to quickly replace a depleted battery with a fully charged one, and a type of financial derivative contract where two parties agree to exchange financial obligations.

Why it’s in the news: It is in the news due to Nio completing a record number of battery swaps and the CFTC's regulatory actions regarding financial swap contracts.

Latest on Swap

• Battery swap works: Nio completes 1.2 million swaps in a SINGLE WEEK
• CFTC Seeks Public Comment on Notice of Proposed Rulemaking Concerning the Inclusion of Certain Event Contracts in the Definition of Swap
• U.S. CFTC moves to fold event contracts into swaps regulations as legal fight rages
• CFTC Issues Interim Final Rule Excluding Certain Activity from the Definition of Swap
• E-quipment highlight: AMT’s hot-swapping battery electric rail excavator
• Musk follows Trump's lead, swaps AI for SI in SpaceX rebrand

Connections

5 entities linked to Swap across the news graph.