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NIO Inc partners with Suning to establish new model for automotive smart retail

August 06, 2020


Abstract : NIO Inc., a leading Chinese electric vehicle manufacturer, inked on Wednesday a strategic cooperation agreement with Chinese retail giant Suning Holdings Group to build a new model for automotive smart retail in the country, the Xinhua-run Shanghai Securities News reported on Wednesday.


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BEIJING, Aug. 6 (Xinhua) -- NIO Inc., a leading Chinese electric vehicle manufacturer, inked on Wednesday a strategic cooperation agreement with Chinese retail giant Suning Holdings Group to build a new model for automotive smart retail in the country, the Xinhua-run Shanghai Securities News reported on Wednesday. 

Under the agreement, the two parties will strengthen strategic collaboration in multiple fields, such as channel expansion, consumer service, brand promotion, B2B cooperation, hotel business and smart manufacturing.

It is reported that the two sides will give full play to their respective advantages to build an automotive smart retail experience store in an attempt to bring consumers a new experience of a better life.

According to the report, Nio will open its showroom in Suning's exhibition center. Suning's offline locations such as Suning plazas and Suning hotels will work with NIO to establish a charging station customer service system.

In addition, the two sides will also explore cooperation opportunities around Suning's cloud services, software services, and related smart hardware. 

(Edited by Yang Yifan with Xinhua Silk Road,yangyifan@xinhua.org)

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Keyword: Suning NIO

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