On October 28, NIO Energy and CGN New Energy Holdings Co., Ltd. signed a strategic cooperation agreement in Shanghai. The two sides will carry out in-depth cooperation in the three directions of zero carbon management, green electricity and energy services to jointly help the green integrated development of new energy vehicles and new power systems. In terms of energy services, the two sides will jointly promote the participation of charging and switching stations and new energy vehicles in the electricity market and vehicle network interaction, and cooperate in the comprehensive utilization of power batteries and the operation of user-side energy storage power plants.

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