NIO Invests RMB 9.8 Billion to Boost Battery Infrastructure in Wuhan

[Major Investment] NIO's battery asset subsidiary, Weineng Battery, has landed a RMB 9.8 billion new infrastructure project in Wuhan's Optics Valley.

Core Strategic Move: NIO Continues Deepening Its 'Battery-as-a-Service (BaaS)' Strategy

On March 12, Wuhan Weineng Battery Asset Co., Ltd. signed an agreement with the East Lake High-Tech Development Zone, officially establishing the RMB 9.8 billion battery new infrastructure project. The project will focus on battery asset management, applied technology R&D, and industrialization, comprehensively serving NIO’s BaaS users.

Key Figures: Optics Valley Emerges as NIO Energy’s Core Hub

Weineng Battery was jointly established in 2020 in Optics Valley by NIO and CATL, among others, as the world’s first battery asset management company based on the 'battery-swapping' (vehicle-battery separation) model. To date, NIO has built 3,753 battery swap stations and over 28,000 charging piles nationwide. By 2025, its Wuhan operations are expected to contribute RMB 12 billion in fixed asset investment and RMB 6.7 billion in service revenue.