Zhongan and Nio Power will jointly promote the construction of 1,000 battery swap stations, creating an open energy network and a battery asset management and operation system, Nio said.

The signing is a further advancement of the cooperation between Zhongan and Nio Power since the establishment of Zhongan, Shen said.

Zhongan and Nio Power will jointly promote the construction of 1,000 stations to create an open energy network and an efficient battery asset management and operation system, according to the statement.

The two will expand the construction of battery swap stations to the Yangtze River Delta region as well as the whole country based on their layout in Anhui, according to the statement.

The two sides will also cooperate on battery asset management and operation models to support the promotion of battery rental service BaaS (battery as a service), the statement said.

On March 20, Nio's battery swap stations located along highways in the Yangtze River Delta reached 200, covering 92 cities, Shen noted.

As Zhongan pushes to build new battery swap stations, the network will become even denser to further enhance the power-up experience, Shen said.

Zhongan was established by several companies, including Anhui Province Energy Group, Nio and Gotion High-tech, to promote a unified charging and battery swap network across Anhui province.

On January 11, Nio entered into deals with Anhui Province Energy Group and Anhui Transportation Holding Group to support Zhongan's efforts to promote the construction of battery swap stations.

On the same day, Nio entered into battery swap business partnerships with Anhui Jianghuai Automobile Group (JAC) and Chery, both headquartered in Anhui.

To date, Nio has 2,391 battery swap stations in China, of which 786 are located along highways, according to data monitored by CnEVPost.

Nio plans to add 1,000 more battery swap stations in China in 2024, bringing the total to more than 3,310, according to the company's plan announced on December 23 last year.

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