Nio Activates 1,500th Power Swap Station, Nears Year-End Target Of 2,300
Portfolio Pulse from Anan Ashraf
Chinese electric vehicle maker Nio has activated its 1,500th power swap station, nearing its year-end target of 2,300 stations. The company plans to build 1,000 more stations in China by the end of the year.
June 27, 2023 | 3:43 am
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Nio is nearing its year-end target of 2,300 power swap stations, with 1,500 stations now active. The company plans to build 1,000 more stations in China by the end of the year.
Nio's progress in activating power swap stations is a positive development for the company, as it demonstrates its commitment to expanding its charging infrastructure. This could potentially attract more customers and boost sales, leading to a positive short-term impact on the stock price.
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