Nio Power has signed a strategic cooperation agreement with Poly Property, a major state-owned real estate operator in China, to expand electric vehicle charging and battery-swapping infrastructure across the country.
The agreement was signed in Shanghai on November 11. It establishes a framework for the two companies to develop energy services across residential communities, commercial properties, office buildings and industrial parks.
Charging and Battery-Swapping Facilities Across Property Network
Under the partnership, Nio and Poly Property will identify locations within the property operator’s existing portfolio and future developments for new charging and battery-swapping facilities. Priority areas include large residential neighborhoods, commercial districts and office parks.
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The companies will also coordinate station operations, maintenance, customer services and data management to support the development of their infrastructure network.
Beyond energy facilities, the agreement covers cooperation on vehicle sales, physical retail locations and distribution channels. The partners aim to connect property-based energy services with vehicle purchases and offline customer experiences.
Cooperation Extends to Integrated Energy Services
The partnership also includes plans to explore smart energy management and integrated energy solutions combining solar power, energy storage, EV charging and battery swapping.
Other areas of cooperation include virtual power plant integration, vehicle-grid interaction in residential communities and low-carbon community initiatives. These projects could connect EV infrastructure with broader energy management systems at the property level.
For Nio, the agreement provides an opportunity to expand its Power network through Poly Property’s extensive presence in China’s residential and commercial real estate markets.
Poly Property Portfolio Offers Nationwide Expansion Opportunities
According to its official website, Poly Property operates in 41 Chinese cities and manages more than 300 contracted property projects, with a combined area of approximately 60 million square meters.
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Its portfolio includes residential developments, shopping complexes, office buildings and industrial parks, giving the partnership access to a wide range of potential infrastructure locations.
The scale of Poly Property’s operations could support Nio’s efforts to establish charging and battery-swapping facilities in major population centers and commercial areas. The companies could also use these locations to develop integrated solar-storage-charging-and-swapping systems and other low-carbon mobility services.
The agreement positions property infrastructure as a potential platform for expanding EV energy services, while allowing both companies to explore opportunities that extend beyond conventional charging and battery swapping.