Nio (NIO) plans an unlimited enlargement of EV battery swapping stations as competitors with Tesla (TSLA) heats up. Nio inventory opened greater however reversed decrease.
The Chinese language EV startup plans so as to add no less than 3,700 battery-swap stations for electrical automobiles by 2025 after constructing round 300 to this point, it mentioned at an inaugural Energy Day occasion Friday. Round 1,000 of the full will probably be put in exterior of China, Bloomberg mentioned. Nio’s increasing in Norway, the place Tesla dominates.
At Energy Day, Nio additionally reportedly mentioned it has accomplished greater than 2.9 million