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Chinese battery electric vehicle BEV startup Nio Inc has announced it is stepping up the expansion of its battery-swapping network in China, with an additional automated stations to be built this year. The move comes as more BEVs are coming onto the market featuring new-generation permanent batteries that offer extended ranges and shorter charging times, potentially reducing the need for swapping stations in the long-term.
Find out more. Nio has battery-swapping partnerships with a number of automakers in China, including with Changan Auto and Geely Auto. Earlier this year the company said it aimed to have more than 3, battery-swapping stations in operation by the end of the year.
Nio said its new automated facilities allow BEV drivers to swap spent batteries for fully-charged ones in just a few minutes, compared with 20 minutes previously.
Nio said it plans to build a new facility to produce battery-swapping stations in the Wuhan Optical Valley Digital Economy Industrial Park in Wuhan province, with a capacity to make more than 1, per year. Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.