Wedoany.com Report-Aug. 9, On August 7, 2025, Wuhan NIO Energy Co., Ltd. ("NIO Power") and Jiangsu Financial Leasing signed a strategic cooperation agreement in Nanjing. The partnership aims to establish 100 integrated electric vehicle (EV) charging and battery swap stations across Jiangsu province to enhance the region's energy infrastructure.

The agreement fosters collaboration in capital investment, technology, and business models to improve the development of China's new energy vehicle industry. NIO Power and Jiangsu Financial Leasing will leverage their expertise to ensure high-quality and efficient progress in this sector.

The initiative will start with pilot projects utilizing NIO Power's existing battery swap stations in Nanjing. As the collaboration advances, the companies plan to expand to other key cities across China, adopting a strategy of focused regional growth and systematic expansion. By refining localized operations, they aim to create scalable models for broader battery-swapping infrastructure deployment nationwide.

Additionally, the partnership includes developing tailored automotive financing solutions for NIO's sub-brand, ONVO. These solutions will support both consumer and supply chain financing, enhancing ONVO's market competitiveness and driving its growth.

This collaboration marks a significant step in integrating new energy vehicle infrastructure with financial leasing expertise. Founded in June 1985, Jiangsu Financial Leasing is a state-owned non-banking financial institution regulated by China's National Financial Regulatory Administration. It serves over 100 market segments, focusing on areas such as transportation, green energy, and advanced manufacturing, and has provided customized financial services to more than 300,000 small and medium enterprises and individual clients across China.