Nio battery swap services surpasses 60 million swaps

On December 13th, Nio officially announced that its battery swap services have surpassed 60 million swaps. Nio currently has 2,785 swap stations in China, including 909 swap stations along highways. The company previously hit 2,500 swap stations operational worldwide in July, with 51 in Europe.

The swap stations average an approximate 80,000 swaps per day since the beginning of December. This means a car undergoes a battery swap at a Nio swap station every 1.08 seconds.

Nio previously hit 50 million swaps in August and it has taken the company only 5 months to add an additional 10 million battery swaps. In addition to the 2,785 swap stations, Nio operates 4,618 charging stations and 24,520 charging piles worldwide. 

On July 2, 2022 Nio reached its first 10 million swaps milestone after four years since the first battery swap took place in Shenzhen on May 20, 2018. Now the company has achieved 50 million more swaps in just two and half years.

During Nio Power in August of this year, Nio founder, chairman and CEO Li Bin announced aims to achieve battery swap coverage in an additional 1,200 county-level districts by June 2025. The company targets 2,300 county-level districts by December 2025.

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The surge in battery swaps can be attributed to sales of Nio’s Onvo brand Onvo L60 SUV. Onvo delivered 5,082 units in November. The company delivered a total of 20,575 cars in November. While not all Nio swap stations are compatible with Onvo, the company is adding Onvo compatible swaps stations, with a current total of 644. Nio claims there will be 2,500 Onvo and Nio compatible swap stations by the end of 2,500.

In addition to the China mainland, Nio also operates swap stations in Norway, Sweden, Denmark, Germany, Netherlands, and Belgium. Nio vehicles are also sold in these markets, with the exception of Belgium. 

Nio has also ramped up its expansion efforts in the United Arab Emirates. The company opened its first flagship center in Abu Dhabi in November and is expected to have its first swap station in the country by 2025. Nio is notably backed by CYVN Holdings, a growth investment fund owned by the Government of Abu Dhabi. 

Sources: Autohome, ITHome