NIO and Fute Technology Signed a Strategic Cooperation Agreement on High Voltage System Project

NIO and Fute Technology signed a cooperation agreement in Shanghai to jointly develop and produce parts related to high-voltage systems of electric vehicles. The two parties will deepen cooperation in the field of new energy vehicles and enhance the global competitiveness of small three-electric products. NIO is a high-end smart electric vehicle brand in China. Fute Technology is a core parts supplier of NIO and has won the "Quality Excellence Partner Award" awarded by NIO for three consecutive years. The two parties plan to mass-produce and deliver Young IPU products in 2025 to meet the needs of multi-brand and multi-platform models.