Shanghai (Gasgoo)- On August 7, Wuhan NIO Energy Co., Ltd. ("NIO Power") signed a strategic cooperation agreement with Jiangsu Financial Leasing in Nanjing. Under the partnership, the two companies plan to jointly build 100 integrated EV charging and battery swap stations across Jiangsu province, aiming to strengthen the regional energy infrastructure.

The agreement also outlines ongoing collaboration across capital investment, technology, and business models, in a bid to elevate the quality and pace of development in China's new energy vehicle sector.

Photo credit: NIO Power

The rollout will begin with pilot projects based on NIO Power's existing battery swap stations in Nanjing. As the partnership matures, both sides intend to expand gradually to key cities nationwide, guided by a strategy of deep regional penetration and orderly expansion. Through localized operational experience, the companies hope to establish scalable and replicable models for the broader deployment of battery-swapping infrastructure across China.

Beyond infrastructure, the two parties also plan to collaborate on customized automotive financing solutions tailored to NIO's sub-brand, ONVO. These solutions will prioritize both consumer and supply chain financing, aiming to enhance product competitiveness and accelerate the brand's market growth.

This strategic partnership represents a deeper integration between new energy vehicle infrastructure providers and financial leasing institutions. Established in June 1985, Jiangsu Financial Leasing is a state-owned non-banking financial institution approved by China's National Financial Regulatory Administration. Its operations span more than 100 market segments, with a core focus on sectors including transportation, green energy, and advanced manufacturing. To date, it has delivered tailored financial leasing services to over 300,000 SMEs and individual clients across China.

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