NIO Establishes 1000th Battery Swapping Station

Chinese new energy vehicle company NIO announced on July 6 that it has officially brought its 1,000th battery swapping station into operation in Lhasa, Tibet, which is also the world’s first 100% clean energy exchange station. By now, NIO has expanded its coverage of battery swapping stations to all provinces in mainland China, and the cumulative number of times its customers used the stations has exceeded 10 million.

NIO announced earlier this month that alongside the continued accelerated layout of its swap stations, power exchange is now one of the most popular ways for NIO customers to refill their batteries. It has taken 29 months from the 1st to the 1 millionth power swap, 20 months from the 1 millionth to the 9 millionth, and only 1 month from the 9 millionth to the 10 millionth. Qin Lihong, President of the firm, has revealed that “NIO has invested billions of yuan in the charging and replenishment system.”

At present, NIO battery swap stations provide over 30,000 battery swap services every day. Additionally, 10 million times of battery swap services bring about a total mileage of over 1.98 billion km and reduce carbon emissions by about 130,327.5 tons, which is equivalent to the carbon dioxide absorbed by 1.175 million fir trees for 30 years.

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According to the statistics of TF Securities, at present, at least eight enterprises have announced their goals for battery swap station construction in China. These enterprises include car companies such as NIO, Geely and Changan EV, third-party charging station operators such as State Power Investment Corporation Limited and China Petroleum and Chemical Corporation, and participants such as Aulton New Energy and GCL Energy Technology, which focus on battery swap stations. The battery swap mode is now being favored by more and more industry participants.