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NIO (NYSE: NIO) to Tap Another Monetization Avenue as Ford (NYSE: F) Opens Up Its EVs to the Chinese Company's Charging Infrastructure


NIO (NYSE: NIO) to Tap Another Monetization Avenue as Ford (NYSE: F) Opens Up Its EVs to the Chinese Company’s Charging Infrastructure
Apr 13, 2021 11:06 EDT
NIO (NYSE:NIO), one of the leading manufacturers of electric cars in China, appears to be on a roll lately. Coming on the heels of a major partnership with China’s largest network of gasoline stations, NIO has now secured another monetization avenue for its charging network via Ford (NYSE:F).
To wit, while opening the reservations for its Mustang Mach-E in China, Ford has also announced a sweeping partnership with NIO:
“Ford will also work closely with charging partners such as the State Grid. Mustang Mach-E users can access over 300,000 high-quality public charging piles, of which 160,000 are fast charging, in more than 340 cities across the country through an exclusive APP. NIO’s nationwide fast-charging network will also be accessible to Mustang Mach-E users.” ....

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