NIO signs agreement with state-owned infrastructure firm to accelerate battery swap station construction

According to CnEVPost.com, NIO Limited (NASDAQ: NIO) has signed an agreement to build battery-swap stations. Under the five-year strategic cooperation agreement, the two companies agreed to cooperate in the construction of battery swap stations along the Beijing Capital Ring Expressway.

NIO designs, manufactures, and sells premium EVs in China. Its vehicles feature vehicles connectivity, autonomous driving and artificial intelligence.

 

 

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