NIO Power, Suzhou Energy Group team up on EV charging, battery swap network construction

Published: Sep 6, 2024 17:27
Source: gasgoo
The partnership will focus on building a comprehensive charging and battery swapping network, developing virtual power plants, and creating zero-carbon demonstration stations.

Shanghai (Gasgoo)- On September 5, NIO Power, the mobile internet-based power solution provider under NIO, signed a strategic cooperation agreement with Suzhou Energy Development Group ("Suzhou Energy Group") at the Suzhou High-Quality New Energy Industry Development Conference. The partnership will focus on building a comprehensive charging and battery swapping network, developing virtual power plants, and creating "zero-carbon" demonstration stations, all aimed at advancing China's carbon neutrality and peak carbon goals.

Earlier that day, NIO Power also announced a separate agreement with MHERO Technology, an off-roader maker under Dongfeng Motor. Through the cooperation, NIO Power's extensive charging network will now be accessible to MHERO vehicle users, offering them a nationwide network of convenient and efficient charging services.

According to the agreement, since September 5, MHERO users can locate and use NIO Power's charging stations through the MHERO app and in-car systems, enhancing their charging experience with improved convenience and efficiency.

NIO Power offers a fully integrated charging service, enabling users to search for charging stations, view real-time information such as location, price, and availability, and seamlessly pay for services through the NIO app, NIO Power app, or NIO's in-car systems. The network is designed for ease of use, featuring lightweight charging cables for simple, one-handed operation, and supports plug-and-charge functionality with automatic payment options.

NIO Power has already established a nationwide charging network across China, which is open to the entire industry, with more than 80% of its energy services now provided to non-NIO users. As of September 5, NIO Power has built 2,505 battery swapping stations, 3,971 charging stations, and 23,212 charging piles across the country. The daily availability rate of its charging piles exceeds 99%, positioning NIO Power as a leader in the sector.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
Toyota to Invest $1 Billion in Kentucky and Indiana, Advance Battery Production Plans
8 hours ago
Toyota to Invest $1 Billion in Kentucky and Indiana, Advance Battery Production Plans
Read More
Toyota to Invest $1 Billion in Kentucky and Indiana, Advance Battery Production Plans
Toyota to Invest $1 Billion in Kentucky and Indiana, Advance Battery Production Plans
On March 23 (local time), Toyota announced plans to invest $800 million in its Kentucky plant to prepare for a second battery electric vehicle (BEV) production line and expand capacity for the Camry and RAV4. The company will also invest $200 million across two facilities in Indiana to increase production of the Grand Highlander SUV, while advancing parallel efforts related to battery manufacturing.
8 hours ago
South Korea to Strengthen EV Battery Safety Oversight, Expand Disclosure of Manufacturing Details
8 hours ago
South Korea to Strengthen EV Battery Safety Oversight, Expand Disclosure of Manufacturing Details
Read More
South Korea to Strengthen EV Battery Safety Oversight, Expand Disclosure of Manufacturing Details
South Korea to Strengthen EV Battery Safety Oversight, Expand Disclosure of Manufacturing Details
South Korea’s Ministry of Land, Infrastructure and Transport announced that it will pre-announce amendments to the Enforcement Decree and related regulations of the Automobile Management Act to enhance safety management of batteries used in electric vehicles. The revisions include expanded information disclosure and stricter criteria for certification revocation. Under the new rules, consumers will be able to access more detailed information when purchasing EVs, including the battery’s country of origin, manufacturer, and production date.
8 hours ago
Hyundai Recalls Over 61,000 Vehicles in US Due to Safety Concerns
Mar 20, 2026 17:45
Hyundai Recalls Over 61,000 Vehicles in US Due to Safety Concerns
Read More
Hyundai Recalls Over 61,000 Vehicles in US Due to Safety Concerns
Hyundai Recalls Over 61,000 Vehicles in US Due to Safety Concerns
According to an announcement by the US National Highway Traffic Safety Administration, Hyundai Motor America announced a recall of 61,093 vehicles.
Mar 20, 2026 17:45
NIO Power, Suzhou Energy Group team up on EV charging, battery swap network construction - Shanghai Metals Market (SMM)