China Southern Power Grid Energy Storage and NIO Energy reach cooperation

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On February 26, 2024, China Southern Power Grid Energy Storage and NIO Energy Investment (Hubei) Co., Ltd. signed a "Cooperation Framework Agreement" and reached cooperation in five areas, including battery recycling and recycling. The two parties will jointly carry out research on the recycling and utilization of power batteries, find suitable application scenarios, and explore business models that can be promoted and applied.