Nio's Latest Milestone: EV Maker Hits 30M Battery Swaps, Looks To Add More Stations By Year-End
Portfolio Pulse from Anan Ashraf
Chinese automaker Nio Inc has achieved 30 million battery swaps with its power swap technology. The company delivers over 60,000 swaps every day and plans to add more power swap stations by the end of the year. As of September 30, Nio delivered a total of 399,549 vehicles. The company intends to put up 2,300 power swap stations to cater to its fleet in China.
October 11, 2023 | 5:06 am
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Nio's achievement of 30 million battery swaps and plans to add more power swap stations could boost investor confidence and potentially increase the company's stock price.
Nio's achievement of 30 million battery swaps indicates the company's strong operational efficiency and customer acceptance. The planned expansion of power swap stations could further enhance Nio's competitive advantage in the EV market, potentially leading to increased sales and a positive impact on the stock price.
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