NEWS COMMENTARY

Nio announces battery swapping milestone, 500,000 swaps in two years

Published:
June 02, 2020
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As battery swapping continues to see increasing interest in China, Nio's announcement is a surprising one just two years after its first battery swapping station opened – suggesting that over that time period, it averaged nearly 700 swaps per day. This announcement comes just days after the company announced it had completed its 131st swapping station. Lux continues to view consumer-focused battery swapping as a poor strategy compared to focusing on fleets like taxis, which will have a larger need for quickly adding range and more stable demand. However, clients should view the announcement favorably, as it indicates that Nio's swapping service is popular with consumers. 

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