NIO launched today two new Battery Swap Stations, bringing the total number up to 748. The new stations are both located in Beijing, China.
NIO clarified that the 747th Power Exchange Station is located in the Beijing Daliushu Energy Chain Station and the 748th NextEV Power Exchange Station in the Beijing Elite Menggu Guangqu Road – bringing the total number of Stations in Beijing to 59.
The company intends to add some 600 units a year (2022-2025), which will result in some 3,000 units in total. With an additional 1,000 or so outside China, the total number will be 4,000 by the end of 2025.
NIO explained during NIO Day that in 2025, 90% of its users will be living less than 3 km away of a battery swap station, compared to 29% today.
Latest from the Blog
Rivian Defends 29-Mile Range Cut on 2027 R1T After Standard Wheel Swap
Rivian has replaced the 22-inch wheels that came standard on the R1T pickup truck with a 20-inch Goodyear Adventure All-Season setup for the 2027 model year, dropping the base range from 329 miles to 300 miles in exchange for off-road grip and winter traction.
TD Cowen Keeps Tesla Buy Rating After AV Specialist Calls Its Safety ‘Good Enough’
TD Cowen analyst Itay Michaeli reiterated a Buy rating and $460 price target on Tesla after hosting autonomous vehicle expert Alex Roy on the firm’s recent ‘Internet Bus Tour.’
Lucid Elevates Longest-Serving Executive to Chief Creative Officer
Lucid Motors has promoted Derek Jenkins, its longest-serving executive and the last remaining member of the leadership team that took the company public, to chief creative officer, a change the company disclosed only through a product press release.
