Baolong recently signed a Strategic Cooperation Agreement with NIO at the new start-up’s headquarter in Hefei, China.

Dr. Feng Shen (Executive Vice President & Chairman of Global Quality Commission) and Mr. Yu Pan (Vice President of Supply Chain Development) from NIO, and Mr. Charles Zhang (Chairman), Mr. Winston Wang (Vice President), and Ms. Min Zhang (GM of Marketing Center) from Baolong attended the ceremony. Witnessed by Dr. Feng Shen and Mr. Charles Zhang, Mr. Yu Pan and Mr. Winston Wang signed the agreement on behalf of the two parties.

Upon signing of the agreement, the two parties aim to develop strategic cooperation on air springs, air reservoirs, TPMS, wheel speed sensors, and rain & light sensors, as well as establish potential collaboration on speed & position sensors, current sensors, accelerator sensors, cameras, radar, etc.

Given this, the two parties will establish a regular communication system among senior executives to facilitate the cooperation. And Baolong will provide strong support to NIO’s supply chain localization, low-carbon goal, digitalization and globalization.