China EV: Tesla rival NIO plans to build a total of 4,000 battery-swap stations by 2025 as sales pick up

Name: Nio enhances production efficiency amid rising orders for its electric-powered SUVs
Uploaded: 2021-07-09T10:00:22.000Z
Duration: 1 min 21 s
Description: Nio enhances production efficiency amid rising orders for its electric-powered SUVs

Having built 300 battery-swap stations so far, NIO will make offering more charging stations a priority, president Qin Lihong says

NIO delivered 8,083 EVs last month and 21,896 cars for the June quarter, a 112 per cent increase year on year

Reading Time:2 minutes

Why you can trust SCMP

Bloomberg

Published: 6:00pm, 9 Jul 2021

NIO plans to add at least 3,700 battery-swap stations by the end of 2025 as it seeks to further the adoption of electric vehicles in the world’s largest car market.

The Chinese EV maker has so far built around 300 battery-swap stations – places where drivers can go to quickly get their car battery swapped out for a fresh one rather than waiting for it to recharge. Having now sold around 120,000 EVs, NIO will make offering more charging stations a priority, president and co-founder Qin Lihong told a media briefing in Shanghai on Friday to mark NIO’s inaugural Power Day.

Range anxiety has been a major hurdle in EV uptake, particularly in a country like China where distances can be vast. Rival Tesla has built more than 850 so-called supercharging, or fast charging, stations and 6,500 charging piles in China.

NIO is also working on building more charging stations and mobile battery charging vehicles, said Shen Fei, NIO’s vice-president of power management. In 2018, the company set up a team of people who work as charging personnel, fetching and returning customers’ cars as needed.

01:21

Nio enhances production efficiency amid rising orders for its electric-powered SUVs

NIO delivered 8,083 EVs last month and 21,896 cars for the three months ended June 30, a 112 per cent increase year on year. The Shanghai-based group is also entering the European market with a presence in Norway and shipped its first batch of battery-swap stations there this week. Around 1,000 of the some 4,000 planned battery-swap stations by 2025 will be installed outside China, Qin said.