Shares of Nio (NIO, Financial) increased by 3.21% in pre-market trading, reaching $4.82. The rise follows the recent announcement of a significant partnership between Wuhan Nio Energy Co., Ltd. and Avita Technology (Chongqing) Co., Ltd. The agreement, signed on November 15, opens Nio's extensive charging network to Avita's electric vehicles.
This collaboration is part of Nio's strategic efforts to expand its energy services and infrastructure. As of November 15, Nio Energy has established 2,659 battery swapping stations and 24,092 charging piles across China, enhancing the accessibility and convenience of its charging services for electric vehicle users.
