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Nio Transfers Wuhan Battery Swap Stations to State-Owned Partners

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Sig2.50Sen+1.80Env0.00Soc+1.40Gov+1.20

Chinese EV maker Nio handed over the first 36 battery swap and charging stations in Wuhan, built with Optics Valley Transportation Group, to state-owned partners. The handover leaves all existing swap station assets in Wuhan held by state-backed parties. Nio Power says it has worked with 40+ local state-capital and financial partners to build and run 800+ swap stations.

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