University of Science and Technology of China: Nio Joins Hands With Elite Chinese University To Further Research On Smart Electric Vehicles

Chinese electric vehicle maker Nio Inc. (NYSE: NIO) has signed a strategic cooperation agreement with the University of Science and Technology of China (USTC) to cooperate in smart EV technology research, cnEVpost reported Sunday. What Happened: The two will establish the USTC-NIO Smart Electric Vehicle Joint Laboratory to conduct joint research on major national as well as local projects, according to a cnEVpost report. Nio will provide resources and a platform to serve as an educational internship base for USTC, which in turn will support the establishment of a postdoctoral workstation at the joint lab. USTC, part of the elite "C9 League," a group of universities that is claimed to be the Chinese equivalent of the Ivy League by state-run newspaper People's Daily, is ...Full story available on Benzinga.com