NIO and Lotus Enter Into Strategic Cooperation on Charging and Swapping

April 25, 2024, Beijing - NIO Holding Co., Ltd. (“NIO”) and Wuhan Lotus Technology Co., Ltd. (“Lotus”) announced to have entered into strategic cooperation on charging and swapping at the 2024 Beijing International Automotive Exhibition.

According to the agreement, the two companies will carry out comprehensive and in-depth strategic cooperation in areas related to charging and swapping including battery standards, charging and swapping technologies, battery asset management and operations, service network construction and operations, vehicle R&D and customization, and connectivity, to build a unified battery standard system, jointly develop passenger vehicles adapted to the battery swapping system, facilitate the connectivity of battery swapping networks and operators with unified battery swapping operational and management system, establish an efficient battery asset management system, press ahead with the interconnectivity of different charging platforms, and put in place a unified high-power charging technology system and a reliable and shared high-power charging network.

William Li, Founder, Chairman and CEO of NIO, said,“Cooperation is always the best option. NIO has always been open to cooperation in charging and swapping technologies as well as infrastructure network deployment. We would like to work together with Lotus to push forward the development of the premium smart electric vehicle market, make joint efforts in technological innovation and standard unification for charging and swapping, push for a larger-scale, standardized and unified energy infrastructure network, so as to deliver efficient and friendly recharging service experiences to users.”

Qingfeng Feng, CEO of Group Lotus, said, “As an important direction supported and encouraged by the state policies, the innovations of battery swap and‘vehicle-battery’ separation not only protect battery health and safety, but also enable users to continuously enjoy the dividends of battery technology progress. Our cooperation with NIO to share with each other the charging and swapping resources will allow our users to experience the track genes and ultimate performance of Lotus while enjoying friendly services of NIO’s charging and swapping network across China.”

As a global smart electric vehicle (EV) brand, NIO is committed to delivering high-performance smart EVs with the ultimate user experience. With a comprehensive recharging infrastructure network, NIO has become the car brand with the largest number of charging and swapping installations in China, forming a“Chargeable, Swappable and Upgradable” power service system based on NIO’s cloud technologies.

As of April 25, NIO had installed 2,404 Power Swap Stations across China, in which 790 Stations sit along expressways, connecting the 13 backbone expressways and 11 city clusters into an expressway power swap network, providing recharging experiences that are easier than refueling. NIO had put in place 3,776 charging stations and 21,995 NIO Chargers, including 364 NIO Power Charger Stations and 1,422 NIO Power Chargers along expressways. In the spirit of openness, NIO Chargers are available to users of all new energy vehicle (NEV) brands, with over 80% of the electricity provided to non-NIO EVs.

As the first of the world's top three supercar brands to be all in on going electric and intelligent, Lotus has always been committed to leading the smart travel experience in the luxury battery electric vehicle (BEV) sector by leveraging cutting-edge technologies. While providing the ultimate luxury BEVs, Lotus has also been actively exploring and leading the way in innovative recharging solutions based on various user needs, bringing users superfast charging experience with its industry-leading 800V Electric Premium Architecture (EPA). As of now, a total of 72 Lotus Flash Charger stations have been up and running.

About NIO

NIO is a global smart electric vehicle company. Founded in 2014, NIO has been committed to shaping a joyful lifestyle by offering high-performance smart electric vehicles and ultimate experience. Nine years into establishment, NIO is one of the leading companies in the global premium smart electric vehicle market, and also the first car company listed on the NYSE, HKSE and SGX.

Aiming to foster its own research and development capabilities for core technologies, NIO has developed NIO Full Stack, a collection of 12 technology domains, including chips and smart hardware, battery system, electric drive and high-voltage system, vehicle engineering, vehicle operating system, vehicle connectivity, assisted and intelligent driving, smart cabin, smart power, smart manufacturing, artificial intelligence and global digital operations, which has made possible the industry-leading products, such as SkyRide Chassis System, NX6031 LiDAR control chip, and NX9031 5nm AD chip. As of March 31, 2024, NIO had filed and obtained more than 8,700 patents worldwide. Currently, NIO has R&D centers and manufacturing facilities in Shanghai, Hefei, Beijing, Nanjing, Shenzhen, Hangzhou, San Jose, Munich, Oxford, Berlin, Budapest and Singapore. Its sales and service networks also have an expansive reach in over 300 cities in China, Norway, Germany, the Netherlands, Sweden and Denmark.

At present, NIO has eight smart electric models in its lineup, including the flagship SUV ES8, flagship coupe SUV EC7, mid-large SUV ES7, flagship sedan ET7, all-round SUV ES6, coupe SUV EC6, mid-size sedan ET5 and mid-size tourer ET5 Touring. In December 2023, NIO's executive flagship ET9 made its global debut, and the delivery is expected to start in 2025. As of March 31, 2024, NIO delivered a total of 479,647 vehicles, leading the premium battery electric vehicle segment priced above RMB 300,000.

In addition to the state-of-the-art smart electric vehicle technologies and experience, NIO has introduced various innovative service models, featuring NIO Power, NIO Service, Battery as a Service (BaaS), flexible battery upgrade plan and NIO Certified which is NIO's pre-owned vehicle program, to offer an ultimate service experience throughout the product lifecycle. NIO is the car brand that owns and operates the most charging piles and Power Swap Stations in China. By the end of March, NIO had installed 2,439 Power Swap Stations and 21,846 chargers, and connected with over 1.5 million non-NIO chargers worldwide. Its battery swap network runs through 13 trunk expressways and 11 city clusters in China. Moreover, NIO has partnered with Changan Automobile, Geely Holding, JAC Group and Chery Automobile in battery swap to jointly promote the development of the battery swap network and industry standards.

Adopting the direct-sales model, NIO offers a series of comprehensive services seamlessly via the NIO app. Combining online and offline touch points, such as NIO House and NIO Space, as well as NIO users' exclusive radio program NIO Radio and the lifestyle brand NIO Life, NIO has created a community that starts from and goes beyond the car, where users to share joy and grow together.

Media Contact:

Emma Hai

emma.hai@nio.com