Chinese EV maker Nio to amp up battery-swap network with 900 faster stations this year

Quick Summary:

The company will add 900 swap stations this year that promise to get drivers back on the road in 2.5 minutes.

However, advanced batteries are eating into the approach’s time advantage.

A battery that can last for 500km costs about 50,000 yuan (US$7,001) to produce, according to industry estimates.

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Article Details

Author / Journalist: Daniel Ren

Category: Technology

Markets: Hong KongChina

Topics: Batteries Minutes Yuan Company Swap Charging Market Stations Battery Chinese Cent

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-20 @ 19:00:45 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 618 words

Reading Time: 4 minutes read

Sentences: 23 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 22176499

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