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Renewable Energy / Electric Car Stock News Bites: NIO (NYSE: $NIO) Announces Entry into Framework Agreement with Hefei Municipal Government

 

Investorideas.com (www.investorideas.com) Renewable Energy / EV Stock News Bites

SHANGHAI, China - February 25, 2020 - NIO Inc. (NYSE: NIO), a pioneer in China's premium electric vehicle market, today announced that it entered into a collaboration framework agreement with the municipal government of Hefei, Anhui province, where the Company's main manufacturing hub is located. The framework agreement is preliminary in nature, and its implementation will be subject to legally binding definitive transaction documents to be discussed and entered into between Hefei government and NIO. Under the framework agreement, Hefei government expects to provide resources and funding support for the long-term growth of NIO in Hefei, and NIO plans to establish NIO China headquarters, further expand its operations and deepen its relationship with local ecosystem partners in Hefei. NIO will, consistent with applicable laws and listing rules, announce any material information or development promptly in connection with the implementation of this framework agreement.

Read the company's full news and disclaimer here:

https://ir.nio.com/news-events/news-releases/news-release-details/nio-announces-entry-framework-agreement-hefei

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