China EV maker Nio has completed 40 million battery swaps so far-May 2024-www.financetom.com

China EV maker Nio has completed 40 million battery swaps so far

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China EV maker Nio has completed 40 million battery swaps so far

Mar 13, 2024 11:13 PM

BEIJING, March 14 (Reuters) - Chinese electric vehicle

maker Nio has completed 40 million battery swaps so

far, CEO William Li said on Thursday.

Nio is one of a handful of EV makers betting on battery

swapping as a major power option for EVs.

Battery swapping allows drivers to replace depleted packs

quickly with fully charged packs, rather than plugging the

vehicle into a charging point.

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