Nio Dreams of 4,000 Battery Stations By 2025

Anti-China sentiment might be rife in the west but one Chinese company which has gone against the tide is Chinese EV maker Nio.

Its stock price is up over 212% over the year and the company is not being purged by either the Chinese government or western investors.

Hot on the heels of Tesla, Nio has now announced it will construct 4,000 battery swapping stations around the world over the next four years. By the end of 2020 alone, it aims to have 700 battery swapping stations. 

Unlike Tesla’s superchargers, which take 40+ minutes to fully charge their cars, Nio’s battery swapping system allows users to change their entire battery in under 5 minutes.

One Nio battery swap costs around CNY 180 RMB (USD 27). A full charge at a Tesla supercharger costs around USD 15-20.

When time is money, Nio’s quick change offers a better deal.

Nio has also recently began its overseas expansion, choosing Norway as its first foreign destination. Home chargers and superchargers will be officially available to Norwegian customers from September.