Nio has entered into strategic partnerships with highway authorities in Anhui, Zhejiang and Jiangsu in the more economically developed Yangtze River Delta region of China.

(Image credit: Nio)

Nio (NYSE: NIO) has entered into a new agreement for it to accelerate the construction of battery swap stations in highway service areas in eastern China's Jiangsu province.

Nio Power, the company's power solutions arm, today signed a strategic partnership agreement with Jiangsu Expressway Energy to build charging and battery swap facilities along the highways based on 78 pairs of service areas managed by the latter, according to an article published in the Nio App.

Jiangsu Expressway Energy is an integrated highway energy service provider formed as a joint venture between Jiangsu Communications Holding Co Ltd, Sinopec Sales Co Ltd and PetroChina Company Limited, according to the article.

Nio and the company have worked together since 2018 and have jointly built more than 20 battery swap stations along major highways in Jiangsu province, according to the article.

These stations facilitate travel within Jiangsu province for Nio owners across the country and enhance the energy replenishment experience along the highways of the Yangtze River Delta city cluster, Nio said.

So far, Nio has entered into strategic partnerships with highway management authorities in Anhui, Zhejiang and Jiangsu, which will bring a more dense replenishment network to the Yangtze River Delta city cluster in the future, the company said.

This is the latest collaboration in Nio's efforts to build its network of battery swap stations.

On November 23, 2021, Nio signed a strategic cooperation agreement with Guangdong Tongyi Expressway Service Co Ltd in order to lay the groundwork for advancing the construction of battery swap stations along highways in Guangdong.

On December 15, 2021, Nio announced that it had signed an agreement with Anhui Yida Service Area Management Co Ltd to jointly build battery swap stations in highway service areas in Anhui.

On December 28, 2021, Nio announced that it had signed a strategic cooperation agreement with Hebei Expressway Group to jointly build a battery swap network covering local highways in Hebei province in northern China.

On January 7, 2022, Nio announced a strategic partnership with Zhejiang Commercial Group, which manages over 100 service areas, to jointly build battery swap stations in Zhejiang province in eastern China.

On August 6, 2022, the company announced that it had entered into a strategic partnership with Henan Transport Investment Expressway Service Area Management Co Ltd to build a highway replenishment network in Henan.

At the second Nio Power Day event on July 6, 2022, Nio said that by 2025 it will have a battery swap network covering nine vertical highways, nine horizontal highways and 19 urban clusters in China.

The company reiterated at the time that it would have more than 4,000 battery swap stations worldwide by 2025, with 1,000 of them located overseas.

By 2025, more than 90 percent of Nio customers will have at least one battery swap station within three kilometers of their homes, it said.

As of today, Nio has 1,313 battery swap stations in China, 348 of which are located along highways, according to data monitored by CnEVPost.