NIO signed a memorandum of understanding on vehicle recycling with Lizhong Group and Shuaiyi Chi New Materials Group

NIO has officially signed a cooperation agreement with Lizhong Group and Shuaiyi Chi New Materials Group to deepen cooperation in vehicle disassembly and recycling, low-carbon materials, low-carbon parts and components, and sustainable dimensions. The signing of this agreement marks NIO's active actions in low-carbon and circular economy development strategies, aiming to establish a complete material and parts recycling system and realize a new business model with low carbon and controllable costs.