Nio Inc NIO delivered a batch of police cars in Qingdao, in eastern China's Shandong province, cnEVpost reported on Thursday, citing electric vehicle maker’s app.
What Happened: Nio delivered eight mid-size, 5-seater sports utility vehicle ES6s as police cars to the Laoshan District of Qingdao. The vehicles were delivered with a ceremony to mark the occasion, as per the report.
The electric vehicle maker also added a new battery swap station and a 180-kw supercharging pile in Qingdao.
See Also: Nio Inks EV Supply Deal With Chinese Government: What Investors Need To Know
Nio had signed a strategic cooperation agreement with Guoxing Auto Service Center in Beijing to cooperate on car purchasing services for local Chinese central state agencies, central enterprises and other quasi-governmental organizations, in July.
Volkswagen AG's VWAGY Audi is reportedly the preferred choice for the Chinese government fleet. Nio could stand to gain if it secures larger orders from the Chinese government agencies.
Price Action: Nio shares closed 2.46% lower at $39.67 a share on Wednesday.
See Also: Nio To Relocate Battery Swap Station Facing Forced Demolition By City Administration
Photo: Courtesy of Jengtingchen via Wikimedia
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