NIO Announces Strategic Cooperation with Hungarian University Foundation to Advance Battery Swap Technology

2024/05/23
Cooperation
NIO
Hungary
NIO has announced a strategic cooperation with the Foundation of Szechenyi István University in Budapest, Hungary, to collaborate on key areas such as photovoltaic storage and charging integration, grid-station integration, V2G technology, and long-life battery technology. This partnership aims to accelerate the deployment of NIO's charging and battery swap technology and business model in Hungary, supporting NIO's expansion of its battery swap model in Europe and providing more convenient charging services to European users. NIO's Energy Europe factory, established in 2022 in Pest County, Hungary, serves as the manufacturing, research and development, and service center for NIO's charging products in Europe. The innovative battery swap solution proposed by the factory has received high recognition from the Hungarian government and was awarded the "Innovative Product Investment Award" by the Hungarian Investment Promotion Agency in 2022.
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