SKF and NIO Expand Strategic Partnership 

Oct 26, 2023

SKF and smart EV manufacturer NIO announced they have strengthened their strategic cooperation. As part of the agreement, SKF will be a preferred supplier of ceramic ball bearings and provide wide-ranging technical expertise to support NIO's product development and global expansion plans.

In 2021, NIO delivered over 90,000 vehicles, mainly in its domestic market. During 2022, NIO started to launch its vehicles across key markets in Europe, including in Germany, the Netherlands, Sweden and Denmark.

"SKF has supported NIO since the launch of their first car in 2014. During this time, we have built a strong technical relationship, which is exemplified by this agreement. It also illustrates SKF's premium capability within electric vehicles and our ability to support customers all over the world," says David Johansson, president, SKF Automotive.

Alan Zeng, senior vice president of NIO and CEO of XPT, adds: "We have a history of working with SKF to build competitive EV products in the industry. We believe that SKF's global experience and competence will provide strong support for our global strategy. Together we will bring more innovative products and excellent user experience to consumers on a global scale."