Nio Signs Pact With Infrastructure Firm For Battery-Swap Stations In Beijing: What You Need To Know
NIO LimitedNIO 3.79%has signed an agreement with a government infrastructure firm to build battery-swap stations, according toCnEVPost.What Happened:Nio Power Beijing, a subsidiary of Nio, signed a five-year agreement with state-owned Beijing Shoufa Industrial and Trading Co to put battery-swap stations along the Beijing Capital Ring Expressway, the report said.The companies are working to promote the use of new energy vehicles and improve the experience of high-speed travel for Beijing resident