Feb 28, 2024 04:34 AM

BUSINESS

Nio Collaborates with China Southern Power Grid on Virtual Power Plant

By Yu Cong and Denise Jia

00:00

00:00/00:00

Listen to this article 1x

What’s new: A unit of China Southern Power Grid and electric vehicle maker Nio Inc. said Monday they have signed a cooperation agreement in virtual power plants, battery swapping stations and battery recycling.

The cooperation, between China Southern Power Grid Peak Regulation, Frequency Modulation (Guangdong) Energy Storage Technology Co. Ltd. and Nio Energy Investment (Hubei) Co. Ltd., aims to help integrate resources into virtual power plants and enhance grid services such as peak regulation, the two companies said.

You've accessed an article available only to subscribers

Subscribe today for just $.99.

VIEW OPTIONS

Share this article

Open WeChat and scan the QR code

GALLERY

: Gallery: Innovation Takes Off at Flying Vehicle Expo

NEWSLETTERS

Get our CX Daily, weekly Must-Read and China Green Bulletin newsletters delivered free to your inbox, bringing you China's top headlines.

We ‘ve added you to our subscriber list.

Manage subscription

PODCAST

Caixin Deep Dive: How China’s Crypto Ban Makes Disposing of Seized Assets a Lot Harder

00:00

00:00/00:00

MOST POPULAR

1: Meituan Enters Open-Source AI Race With LongCat Model

2: Chinese Regions Dial Back Car Subsidies as Funds Dry Up

3: Ex-UBS Banker in Hong Kong Jailed 10 Years for Laundering $17.2 Million

4: Alipay Fined by Luxembourg Regulator for Anti-Money Laundering Breaches

5: Cover Story: How the Yuan is Taking Over the Dollar’s Role in Global Trade

SPONSORED

OR