NIO announced that it has joined the Horizon Europe program with 26 partners and received funding for research and development of energy storage systems in electric mobility services.
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NIO's yet-to-be-unveiled one or two new models could be delivered earlier than the EC7 and the new ES8, Qin Lihong said.
This is the latest measure in China aimed at boosting the EV industry, which previously saw high growth in the private sector.
Local companies' operations typically slow down during the Chinese New Year holiday, which ran from January 21 to January 27.
NIO provided 906,056 battery swap services from January 13 to January 29, with a single-day high of 62,356 services.
From January 13 to February 5, all of NIO's battery swap stations along highways are open to vehicle owners for free and unlimited use.
NIO today put 11 new battery swap stations into operation in China, bringing the total to 1,305.
LiDARs and Nvidia Orin chips enable more accurate vehicle-station collaboration to support functions such as summoning and auto-parking.