Nio announces partnership with Giant Panda National Park

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By Michael Elkins 

Chinese electric vehicle maker, Nio Inc. (NYSE:NIO) announced on Wednesday that the company has joined with Giant Panda National Park in China to protect the home of giant pandas in the wild. The partnership is part of Nio's collaboration with the World Wildlife Foundation (WWF), as well as part of its efforts to advance the Clean Parks initiative.

Nio and the WWF became co-sponsors of the Clean Parks initiative when the two entered into a strategic partnership on April 22.

Giant Panda National Park was officially established in October 2021 and covers a total area of about 22,000 square kilometers, spanning the central Chinese provinces of Sichuan, Shaanxi and Gansu. The park is the only national park in China named after a single species, and its establishment is significant in enhancing the integrity of the giant panda's habitat, according to an article posted by NIO on its app.

Based on the partnership, NIO has provided Giant Panda National Park's Sichuan provincial administration with a fleet of electric vehicles and built charging facilities to help with conservation, the company said.

Giant Panda National Park is the fourth Chinese national park that NIO has partnered with under the Clean Parks initiative, which has covered nine environmentally sensitive areas since its launch.

Shares of NIO are down 6.64% in mid-day trading on Wednesday.