NIO: Signed a strategic cooperation agreement with Ningde Times in Ningde, Fujian

On March 18th, on the evening of March 17th, NIO and Ningde Times signed a strategic cooperation agreement in Ningde, Fujian. According to the agreement, based on the transformation and upgrading trend of the global automotive industry, the two sides will give full play to the advantages of technology, management, platform and brand resources in related fields, aiming to build the world's largest and most advanced passenger car power exchange service network. < b > On this basis, the two sides will carry out capital cooperation. Ningde Times is promoting the strategic investment of NIO Power not exceeding 2.50 billion yuan to further consolidate the strategic partnership between the two sides. The two sides will realize the industrial contribution of "1 + 1 > 2" through technology exchange, capital and business cooperation.