Sinopec

Sinopec said the two companies will cooperate in charging & battery swap station construction, brand marketing, materials, and battery asset operation.

Sinopec currently has 20 hydrogen refueling stations in 14 regions in China, with an annual hydrogen production capacity of more than 3.9 million tons, accounting for 11 percent of China's output.

The station in Dalian is the latest battery swap station that we have seen built by Nio and Sinopec after Beijing, Taiyuan and Shijiazhuang.

Sinopec has completed the siting of 1,000 distributed photovoltaic sites, and it aims to build 7,000 such sites during its 14th five-year plan (2021-2025).

Sinopec Group, the Chinese fossil-fuel giant, has built a total of 570 charging stations and battery swap stations.

Sinopec has built a new hydrogen refueling station in the southwestern Chinese city of Chongqing, making hydrogen storage well technology available in China for the first time.

Chinese oil giant Sinopec Group has completed China's first "carbon-neutral" gas station, marking an important step in its drive to reduce carbon emissions.

The milestone comes as Nio reached a strategic cooperation agreement with Sinopec on Thursday to build battery swap stations at more Sinopec stations in the future.

Sinopec Chairman Zhang Yuzhuo said the company will have 5,000 charging stations and battery swap stations by 2025.

The long-awaited partnership between Nio and fossil fuel energy giant Sinopec has finally been confirmed.