Nio has entered into a partnership with sports facility operator China Sports Space to pave the way for the further rollout of battery swap stations.
(Image credit: Nio)
Nio (NYSE: NIO) has entered into a new partnership to pave the way for the continued push for its iconic battery swap stations.
Nio Power, the energy arm of Nio, signed a framework cooperation agreement with China Sports Space on September 5 in Yangzhou, Jiangsu province, to work together in the green energy and green sports sectors, according to a press release by the Chinese electric vehicle (EV) maker yesterday.
China Sports Space is a subsidiary of the state-owned China Sports Industry Group, which operates stadiums, sports parks, sports business complexes and sports towns.
Founded in March 1998, China Sports Industry Group is a Shanghai-listed company with the General Administration of Sport of China as the de facto controller, according to its website.
Nio Power and China Sports Space will explore layout plans for charging and battery swap stations at the latter's facilities, including stadiums and sports businesses operating nationwide, according to Nio.
At the same time as the signing, Nio brought online a new battery swap station next to a sports complex in Yangzhou, its eighth such facility in the city.
China Sports Space executives were on site to experience the first service provided by the battery swap station, according to Nio.
Nio Power and China Sports Space will maintain close collaboration and continue to lay out the charging and battery swap network to make power-up more convenient than refueling, Nio said.
As of September 6, Nio had 1,781 battery swap stations in China, 502 of which are located along highways.
The company also has 3,069 charging stations in China, including supercharging stations and destination charging stations, and provides 18,039 charging piles. Its charging map has access to more than 860,000 third-party charging piles in China.
Nio aims to add 1,000 battery swap stations in China this year, bringing the number of the facility to 2,300 by the end of the year.
As of September 6, Nio had added 476 battery swap stations in China this year, data monitored by CnEVPost showed.
