NIO & GAC become partners in the field of charging and exchange

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Guangzhou, Guangdong, China – NIO and Guangzhou Automobile Group Co., Ltd. (“GAC Group”) have signed a strategic cooperation agreement in the field of charging and exchange in Guangzhou, Guangdong Province. The two will establish comprehensive and in-depth strategic cooperation in areas related to charging and swapping, including battery standards, vehicle research and development and customization, management and operation of battery assets, development and operation of swap networks. In the meantime, they will also promote the opening of their respective loading platforms to each other. While William LI, Founder, Chairman and CEO of NIO, and Feng Xingya, President of GAC Group, attended the ceremony, Fei SHEN, Senior Vice President of NIO Power, and Xia the two parties.

Under the agreement, NIO and GAC Group will work together to build a unified battery standard, jointly develop passenger vehicles with interchangeability and battery swapping stations compatible with models of both brands, and promote the launch of interchangeable vehicle models with batteries designed under the standards . founded by both, and are promoting the implementation of the swap station solution for both NIO and GAC vehicles. The two companies will also facilitate the opening and interconnection of battery swapping networks running on a unified operational and management system, and establish a larger, standardized and unified energy infrastructure network to achieve economies of scale. A management system covering the life cycle of energy batteries is also included in the collaboration plan, as well as an efficient management platform and operating mechanism for battery assets.

Based on their own charging facilities, NIO and GAC Group will achieve dynamic data interconnectivity by the end of this month, making charging easier by allowing users to not only find and navigate to a charger, but also start a charging session and pay via the apps, mini programs and power maps of the brands on the center displays.

William LI, Founder, Chairman and CEO of NIO, said: “NIO is pleased to collaborate with GAC in the charging and exchange space. As a pioneer in the NEV industry, GAC Group has a large user base and rich experience in the construction and operation of charging and switching infrastructure. The collaboration will strengthen the two companies' respective strengths in technology and operations, and promote the unification of battery standards and operational and management systems, to make swapping a more accessible solution and provide users with experiences that are as hassle-free as to fuel. .”

Feng Xingya, president of GAC Group, said: “In the future, with the growing NEV population, battery switching will unleash unlimited market opportunities, especially in cities. Because it actually solves a pain point for many users who don't have dedicated parking spaces. I am happy to see that NIO and GAC can work together in this area. The strategic cooperation agreement we signed today is also a basis and guideline for our future cooperation. With this as a starting point, we hope to build more battery swapping stations that will provide our GAC Aion users with a better swapping experience.”

NIO embraces collaboration in charging and swapping technologies and networks, working with Chang'an Automobile, Geely Holding Group, Chery Automobile, JAC Group and Lotus for a standardized, unified energy infrastructure network with broader coverage. In addition, NIO is involved in extensive exchange cooperation with energy sector companies, including SINOPEC, CNOOC, Shell, State Grid Corporation of China, China Southern Power Grid, Anhui Wenergy and Zhong'an Energy, in pursuit of a rapid developing ecosystem for battery swapping, as well as more efficient and convenient charging experiences.

About NIO

NIO is a global smart electric vehicle company. Founded in 2014, NIO is committed to shaping a joyful lifestyle by offering powerful, smart electric vehicles and the ultimate experience. Nine years after its founding, NIO is one of the leading companies in the global smart electric vehicle market, as well as the first automotive company to be listed on the NYSE, HKSE and SGX.

With the aim of advancing its own research and development capabilities for core technologies, NIO has developed NIO Full Stack, a collection of 12 technology domains, including chips and smart hardware, battery system, electric propulsion and high-voltage system, vehicle engineering, vehicle control system, vehicle connectivity, assisted and intelligent driving , smart cabin, smart power, smart manufacturing, artificial intelligence and global digital operations, which have enabled leading products such as the SkyRide chassis system, the NX6031 LiDAR control chip and the NX9031 5nm AD chip. As of March 31, 2024, NIO had applied for and received more than 8,700 patents worldwide. Currently, NIO has R&D centers and production facilities in Shanghai, Hefei, Beijing, Nanjing, Shenzhen, Hangzhou, San Jose, Munich, Oxford, Berlin, Budapest and Singapore. The sales and service networks also have an extensive reach in more than 300 cities in China, Norway, Germany, the Netherlands, Sweden and Denmark.

Currently, NIO has eight smart electric models in its range, including the flagship SUV ES8, flagship coupe SUV EC7, mid-size SUV ES7, flagship sedan ET7, all-round SUV ES6, coupe SUV EC6, mid-size sedan ET5 and mid-size tourer ET5 Touring. In December 2023, NIO's flagship ET9 made its global debut, with deliveries expected to begin in 2025. As of April 30, 2024, NIO delivered a total of 495,267 vehicles, making NIO a leader in the premium battery electric vehicle segment priced above RMB 300,000.

In addition to its state-of-the-art smart electric vehicle technologies and experience, NIO has introduced several innovative service models, including NIO Power, NIO Service, Battery as a Service (BaaS), flexible battery upgrade plan and NIO Certified, which is NIO's program for used vehicles, to provide an ultimate service experience throughout the product life cycle. NIO is the car brand that owns and operates the most charging stations and Power Swap Stations in China. By the end of April, NIO had installed 2,454 Power Swap Stations and 22,138 chargers, and connected to more than 1.5 million non-NIO chargers worldwide. The battery swapping network runs through 13 highways and 11 city clusters in China. In addition, NIO cooperates with Changan Automobile, Geely Holding, JAC Group and Chery Automobile in the field of battery swapping to jointly promote the development of the battery swapping network and industry standards.

NIO uses the direct sales model and offers a range of comprehensive services seamlessly through the NIO app. By combining online and offline touchpoints, such as NIO House and NIO Space, but also the exclusive radio program NIO Radio for NIO users and the lifestyle brand NIO Life, NIO has created a community that starts with and goes beyond the car, where users share joy and growth together.

Press release from NIO.