Chinese EV Maker Nio Raises US$2.6 Billion Bet on Battery Swapping

Nio's EV Drivers Really Love This One Signature Feature

Chinese automaker Nio just performed its 100,000,000th battery swap. The automaker has doled out a whopping 5.28 billion kWh.

Chinese EV maker Nio raises US$2.6 billion bet on battery swapping

Company touts 100 million swaps, but fast-charging batteries are eating into the technology’s speed advantage, analyst says.

Nio to enhance power business operations for profitability, says William Li

Over the past 11 years, Nio has invested over RMB 18 billion ($2.6 billion) in charging and battery swap infrastructure. For details, please visit CnEVPost.

Nio Mocks Tesla in New Ad Celebrating 100 Million EV Battery Swaps

Nio has reached 100 million battery swaps, marking the milestone with a new advertisement that compares its swap technology with conventional charging. The 90-second spot opens with a Tesla driver waiting for his vehicle to charge when a Nio ES8 arrives at an adjacent battery swap station. Tesla first demonstrated battery swapping technology in June 2013, when CEO Elon Musk showed a Model S completing a battery swap in 90 seconds — faster than f…