BASF Coatings, a leading global supplier of innovative coatings solutions, and NIO, a pioneer in the global smart electric vehicle market, have announced the signing of a Letter of Intent (LoI) aimed at establishing a strategic partnership to enhance cooperation in the automotive coatings sector. This collaboration marks a significant step towards achieving a long-term and mutually beneficial relationship, focusing on automotive exterior coatings for NIO’s electric vehicles.

The agreement lays out the framework for ongoing discussions between the two companies, facilitating annual strategic dialogues to negotiate the implementation of this partnership. Both parties are committed to fostering platforms for cooperation that encompass market and customer development, project management, and information exchange.

Source: BASF