Hyperdrive
Nio Plans to Add 3,700 Battery Stations by 2025 in World's Largest Auto Market
- Chinese carmaker targets 4,000 battery-swap stations by 2025
- Range anxiety has been major hurdle to electric car uptake
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Nio Inc. plans to add at least 3,700 battery-swap stations by the end of 2025 as it seeks to further the adoption of electric cars in the world’s largest auto market.
The Chinese electric-vehicle manufacturer 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 re-charge. 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.