BASF Coatings and NIO agree on strategic partnership for automotive coatings

BASF Coatings, a global leader in innovative coatings solutions, and NIO, a key player in the smart electric vehicle industry, have signed a Letter of Intent (LoI) to establish a strategic partnership in the automotive coatings sector. This collaboration aims to strengthen their long-term relationship by focusing on high-quality exterior coatings for NIO’s electric vehicles.

The agreement sets the foundation for ongoing discussions, including annual strategic dialogues to advance their partnership. Both companies are committed to fostering cooperation in market and customer development, project management, and information exchange.

As part of this partnership, BASF Coatings plans to supply NIO with a comprehensive range of products tailored to specific technical requirements. Additionally, BASF will offer value-added services such as color design and development, digital solutions, sustainability initiatives, workshops, and industry-leading technical support.

” The signing of today’s strategic partnership agreement builds on ten years of successful collaboration. NIO has established a leading position for electric vehicles through advanced technology and a clear brand identity. Together, we will keep on exploring innovative technologies and we will support NIO in reaching its sustainability targets and future goals,” said Uta Holzenkamp, President of BASF Coatings.

NIO has designated BASF Coatings as its strategic partner for automotive exterior coatings, highlighting the collaboration’s key role in achieving their shared objectives. Together, they will focus on the global development and application of advanced coating materials and technologies, with a strong commitment to sustainability and carbon neutrality.

This partnership marks a significant milestone in the automotive industry, as BASF Coatings and NIO strengthen their cooperation through innovation and strategic alignment. Both companies are eager to explore new opportunities and shape the future of electric vehicle coatings together.

Source: BASF Coatings