The agreement will give electric car startup Forseven a global license to use Nio's technical information and software for the research and development, manufacturing, and distribution of its vehicles, the filing said.

The Nio subsidiary will receive technology licence fees based on the future sales of licensed products by Forseven, the filing added.

The agreement follows a deal struck by Nio's rival Xpeng last year under which the Chinese company will receive technology service revenue from Volkswagen from 2024 onwards, overturning a four-decade-old model of foreign automakers charging their Chinese partners for technology licensing.

(Reporting by Qiaoyi Li, Zhang Yan and Brenda Goh; Editing by Jan Harvey)