On the evening of March 17, NIO signed a strategic cooperation agreement with Contemporary Amperex Technology in Ningde, Fujian. The two parties will build a battery swap network covering the entire range of Passenger Vehicles, unify industry technical standards, and deepen capital and business cooperation. On this basis, they will carry out capital cooperation, and Contemporary Amperex Technology is advancing strategic investments in NIO Energy of no more than 2.5 billion yuan, further consolidating their strategic partnership. Through technical communication, capital, and business cooperation, the two sides will achieve '1+1>2' in industrial contribution.

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蔚来:与宁德时代在福建宁德签署战略合作协议
NIO: Signed a Global Strategy cooperation agreement with Contemporary Amperex Technology in Ningde, Fujian.
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