NIO signs framework cooperation agreement with China Southern Power Grid Peak and Frequency Regulation (Guangdong) Energy Storage Technology Co., Ltd.

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On February 26, 2024, NIO Energy Investment (Hubei) Co., Ltd. and China Southern Power Grid Peak and Frequency Regulation (Guangdong) Energy Storage Technology Co., Ltd. signed a framework cooperation agreement in Guangzhou. The two parties will carry out comprehensive cooperation in the fields of virtual power plants, battery swapping, battery recycling and utilization.