Nio has partnered with several Chinese automakers to develop battery swap standards and expand the network in China. The company has installed over 2,300 battery swap stations, but only a fifth of them are currently profitable. Nio's investment in battery swap stations is ahead of market demand, according to CEO William Li. The company has also partnered with battery giant CATL and two local battery companies to alleviate consumers' concerns about driving range.
Since November, Nio has partnered with at least four Chinese automakers — Changan, Geely, Chery and JAC — for developing battery swap standards and expanding the network in China. Nio has installed more than 2,300 battery swap stations but said less than a fifth currently are breaking even. The company’s investment in battery swap stations is about two years ahead of market demand , CEO William Li said at an event last month here Nio announced a partnership with battery giant CATL .
has been expanding its battery swap partnerships in a bid to gain an edge on the infrastructure side of the EV ecosystem. Since November, Nio has partnered with at least four Chinese automakers — Changan, Geely, Chery and JAC — for developing battery swap standards and expanding the network in China. Nio also announced agreements earlier this year to work with two local battery companies on battery swap services. All these efforts are aimed at alleviating consumers' anxiety about driving rang
Nio Battery Swap Chinese Automakers EV Infrastructure Battery Swap Stations Market Demand Partnership CATL Driving Range
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