Electric car company Nio will build charging stations, battery swapping stations across China

BEIJING — China Electric Vehicle Company Do not have say it third battery charging station installation plan in each one 2,844 counties of China by the end of June 2025.

The company has also announced plans expanding its battery swapping stations to more than 2,300 Chinese counties by the end of 2025. Nio aims to begin rolling out the swap service to the remaining counties by 2026, although it did not specify a completion date.

Nio’s push to build charging and battery-swapping stations comes as consumers remain concerned about how far an electric car can go on a single charge. Counties are among the lowest-tier jurisdictions in China, often in less developed areas.

The company says more than 200 other car brands can access its charging stations, and more than 80% of the electricity Nio chargers provide is used to power cars from other brands.

Chinese electric car companies are also trying to reduce the time drivers have to wait at charging stations.

Owned by Geely Zeekr announced earlier this month that cars equipped with its new batteries can run from Charge from 10% to 80% in just 10.5 minutes using the company’s super-fast charging stations. Faster than what Tesla advertises for its Model 3.

It’s not yet clear how quickly Nio’s fastest battery charger can fully charge a battery.

With change batteryNio claims it can use the automated system to fully charge compatible cars in about three minutes.

The company has strengthened strategic partnerships with automakers such as Changan and Geely for battery swapping business.

Nio said that as of August 20, it had installed more than 23,000 charging stations and at least 2,480 battery swapping stations. It has completed more than 51 million battery swaps to date.

Battery swapping is taken into account more than half of electricity that Nio drivers used in July. More than a fifth of the electricity used came from home-installed chargers, with only 4.5% coming from Nio’s public chargers.

Nio’s latest announcement about what it calls Nio Power comes after the company said earlier this year that a fund affiliated with the city of Wuhan led a 1.5 billion yuan ($210 million) investment round in the unit. The bulk of Nio’s revenue comes from selling cars, but The segment including electricity services grew by 5.2%. in the first quarter reached 1.53 billion yuan.

Nio has yet to announce when it will release its Q2 earnings. The company did so in late August last year.

The Chinese government has supported the development of a nationwide charging network as part of a broader effort to boost the domestic electric car industry. “5-year plan” starts in 2021 calls for the construction of fast charging stations nationwide, covering at least 60% of highway service areas.

China has said that they have 8.6 million charging stations by 2023, up 65% from the previous year, at a rate of one new station for every 2.4 new energy vehicles sold that year. The data shows that new public charging stations increase 42.7% to 929,000 by 2023.

The United States says it has a total of 168,388 public EV charging stations by 2023up 23.5% year-on-year.