SKF and NIO deepen strategic cooperation

SKF has signed a strategic cooperation agreement with NIO, a high-end smart electric vehicle manufacturer. SKF has become NIO's preferred supplier of ceramic ball bearings and provides technical support for its product development and global expansion. The two parties have established a solid cooperative relationship since 2014. SKF's innovative ceramic ball bearings are lightweight and high-speed, and have become key components for many electric vehicle manufacturers. Zeng Shuxiang, senior vice president of NIO, said that he looks forward to working with SKF to promote the development of the global electric vehicle industry.