NIO Inc. ( NIO ) shares are trading slightly higher on Tuesday.

The company has expanded to 50 battery swap stations across Europe, with a majority situated in Germany and Norway, reported CnEV Post.

According to Benzinga Pro, NIO stock has lost over 55% in the past year. Investors can gain exposure to the stock via KraneShares MSCI China Clean Technology Index ETF ( KGRN ) and KraneShares Electric Vehicles And Future Mobility Index ETF .

As of July 15, NIO operated 15 battery swap stations in Norway and 17 in Germany, based on data compiled by CnEVPost.

“On July 15, the 50th Power Swap Station in Europe officially opens in Norway. This latest Power Swap Station, located in Oslo, is a significant landmark in our commitment to developing a European infrastructure that supports smooth travel for every NIO user,” the EV firm wrote on X, formerly Twitter.

Also Read: Chinese EV Thrive Despite Tariff Hikes, Foreign Rivals Struggle

According to data tracked by CnEVPost, NIO has notably ramped up its construction of battery swap stations in Europe, with seven new additions just this month.

Amid increased tariffs on Chinese EV imports into Europe, NIO and other Chinese EV makers are navigating a challenging regulatory landscape. The European Commission announced temporary countervailing duties starting July 5, adding to NIO’s existing 10% tariff with a weighted average of 20.8%.

NIO indicated it would maintain current pricing for its models in European markets despite the tariffs. However, it acknowledged the possibility of future price adjustments due to the imposed tariffs, CnEV Post added.

Price Action: NIO stock is up 1.19% at $4.68 at last check Tuesday.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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