NIO teams up with Shanghai’s Lingang Group for NEV tech innovation, smart mobility service

Shanghai (Gasgoo)- Chinese EV startup NIO and Shanghai Lingang Economic Development (Group) Co.,Ltd. (Lingang Group), the largest industrial park developer in Shanghai, entered into a strategic partnership on August 9 to co-work on promoting the development of local new energy vehicle (NEV) industry.

NIO, Lingang Group signing agreement; photo credit: Lingang Group

According to a statement Lingang Group posted on its WeChat account, both parties will cooperate on NEV-related key projects, the R&D of cutting-edge technical businesses, and the building of industrial platforms. They will join forces to integrate resources of local NEV industrial chain to foster relevant start-up projects, research on the development models of NEV industry funds, establish a national level R&D center dedicated to NEV innovative technologies, and explore smart mobility services and the construction of smart industrial parks.

Under the agreement, NIO will locate a R&D hub at the Caohejing Science and Technology Oasis Phase Ⅳ building, a construction project managed by Lingang Group. In addition, the EV manufacture will explore and promote NEV industry-related policies at Lin-gang Special Area and the industrial parks affiliated to Ligang Group.

“We wish to further step up exchanges on smart new energy vehicle industrial chain, covering such fields as chip supply, cross-border trade, service testing, and talent pool, to secure a more sustain, profound and solid cooperation between us, and co-boost the development of China's intelligent NEV industry,” said Yuan Guohua, Chairman of Lingang Group.

As a leading EV innovator in China, NIO has built an independent R&D system that encompasses electric motor, electric control unit, battery pack, intelligent gateway, smart cockpit, and autonomous driving technology. Meanwhile, it is also putting work into creating enjoyable lifestyles for consumers with diverse innovative services.