Hefei and NIO Agree to Build A World-Class Smart EV Industrial Park

NIO, a pioneer in China’s premium electric vehicle market, today announced that it entered into a further collaboration framework agreement with the municipal government of Hefei, Anhui province, where NIO China’s headquarters is located. Under the framework, the two will continue to deepen its collaboration by jointly building a world-class smart electric vehicle industrial campus.

The Hefei Xinqiao Smart Electric Vehicle Industrial Park will integrate R&D, manufacturing, pilot demonstration and applications, and industrial support services, and will be built with leading international industrial innovation capacities and scale.

Under the agreement, Hefei government will step up its support for the smart electric vehicle industry, attract high-quality enterprises to the park, and provide comprehensive assistance across all sectors, including construction, funding, and talent. In addition, NIO will also carry out longterm development planning for the Xinqiao Park, establishing teams in R&D, manufacturing, marketing and management, and play a leading role in integrating resources and providing support to build the worldclass smart electric vehicle powerhouse. 

The signing of the framework agreement marks another significant milestone of the profound strategic partnership between NIO and Hefei. The Hefei government and its associated parties plan to re-invest their returns from the equity investments in NIO China to support the further NIO.com cooperation in Hefei, and create a sound environment that allows the industry to prosper and gain global competitiveness.