Nio Power, the energy division of Nio Inc., has entered into a strategic partnership with Poly Property Group. The agreement, signed in Shanghai on November 11, 2026, aims to deploy charging and battery swap infrastructure across Poly Property's real estate portfolio in China, including residential, commercial, and industrial projects.
The collaboration focuses on integrating energy services into Poly Property's developments. Beyond infrastructure deployment, the companies plan to coordinate on vehicle sales, physical store networks, and data management. The partnership also encompasses energy management initiatives, such as solar power integration, energy storage, and vehicle-grid interaction.
Nio Power currently maintains a network built with over 40 partners across 25 provinces and regions. To date, the company has established more than 900 battery swap stations through such collaborations. As of November 11, 2026, Nio's total infrastructure in China reached 9,836 stations, including 4,252 swap stations and 5,584 charging stations.
The company reports that its cumulative investment in charging and battery swap technology has surpassed ¥20 billion, which is approximately $2.98 billion. Nio has delivered over 230 million charging and battery swap services, with battery swaps accounting for more than 130 million of that total. The 130 millionth swap was completed on November 3, 2026.
