NIO, Mastercard forge strategic partnership to enhance global user services

Shanghai (Gasgoo)- On December 5, NIO and Mastercard signed a strategic cooperation agreement in Shanghai, according to a post on NIO's WeChat account.

Photo credit: NIO

Under the agreement, the two parties will leverage their respective strengths to collaborate on a global scale across multiple areas, including value-added user services, payment innovation, data services and consulting, joint marketing efforts, and environmental, social, and governance (ESG) initiatives.

The partnership aims to deliver enhanced benefits and exclusive privileges to Mastercard cardholders, such as access to NIO's charging and battery swap services, vehicle maintenance, car rentals, and premium travel perks. Additionally, the companies will explore the integration of in-car payment systems, enabling seamless transactions for charging, parking, tolls, and shopping, to provide users worldwide with a more convenient and efficient travel experience.

Qin Lihong, Co-founder and President of NIO, stated, "Mastercard is a globally renowned technology company in the payment industry. This strategic partnership will accelerate NIO's vision of becoming a user-centric enterprise known for technological and experiential leadership. Together, we aim to offer enhanced value-added services, delivering car ownership, travel, and business experiences that exceed expectations, while supporting NIO's global market expansion and business growth."