Nio signs new agreement with supplier to embrace Tier-0.5 model

Peng Chen, DIGITIMES Asia, Taipei 0

Credit: Nio

China-based EV company Nio signed a strategic cooperation framework agreement with its supplier, Ningbo Tuopu Group, on March 16. The pair will collaborate on a "Tier-0.5" model, developing and producing new energy vehicle (NEV) components together.

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