Nio Expands Rapidly With Activation Of 2100th Power Swap Station

Nio Inc NIO announced on Sunday that it has activated its 2,100th power swap station. The Chinese automaker is now fast closing in on its power swap station deployment targets for the year.

What Happened: “The 2100th NIO Power Swap Station is Up and Running!,” Nio wrote on X, formerly Twitter.

See Also: Nio Stock Is Sliding: What’s Going On?

In February, Nio said that it intended to add 1,000 battery swap stations by year-end in China, taking the total number of stations to 2,300. In June, the automaker said it activated its 1500th power swap station. As it nears November-end, the company has just 200 more stations to add to meet its goals.

Why It Matters: The Chinese EV maker is a proponent of the battery-swapping service over battery charging and claims that swapping a fully charged battery takes just 3 minutes. The continuous deployment of power swap stations will provide a charging experience beyond refueling, says Nio.

This contrasts with most EV players, including giant Tesla, Volkswagen, and General Motors, who rely on charging for their EVs.

Image Source – Shutterstock

This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.

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