NIO And Shell announce strategic co-operation agreement

NIO and Shell announced that they have entered into a strategic cooperation agreement related to electric vehicles and energy industries globally.

It's not the first time for NIO to sign a deal with oil giants, as it already partners with Sinopec and CNPC. The first NIO battery swap stations are already installed at Sinopec and CNPC fuel stations.

The main point of the partnership appears to be NIO's battery swapping system. The two partners intend to jointly construct and operate swapping facilities.

The plan is to develop a network of co-branded battery swapping stations. The target for China is 100 sites by 2025, starting with two pilot sites.

Shell says that additional battery swap stations might be installed at its charging hubs, while Shell Recharge fast chargers will be installed at NIO sites

Co-operation in Europe will start from exploring pilots in 2022 and scaling rapidly subject to success.