On September 11, NIO, a Chinese EV maker, announced that it had exceeded 1100 battery swap stations, with the addition of 6 new stations established along highways.
The company has previously announced it plans to build over 1300 battery-swap stations in China by the end of 2022, and over 4000 battery swap stations around the globe by 2025, which would cover 90% of NIO owners.
NIO recently released its Q2 2022 earnings report, which showed that the company's revenue for the second quarter was approximately 10.29 billion yuan, up 21.8% year-over-year and 3.9% sequentially; the net loss was 2.757 billion yuan, up 54.7% sequentially.
In terms of deliveries, NIO delivered 25,059 vehicles in the second quarter of 2022, including 3,681 ES8s, 9,914 ES6s, 4,715 EC6s, and 6,749 ET7s. Deliveries increased 14.4% from the second quarter of 2021 and decreased 2.8% from the first quarter of 2022.
NIO is one of the few EV makers in the Chinese market pursuing the battery-swap method. For car owners, one of the biggest advantages of battery-swapping is the efficiency — the battery-swap time averages to around 11 minutes, according to NIO’s statistics. However, as technology advances, it is possible to charge EVs with fast chargers as quickly as 20 minutes, which would nullify one of the battery-swapping method’s biggest selling point.
Currently, there are also other carmakers following NIO’s footsteps - Geely Automobile Group has set up Chongqing Ruilan, a joint venture with Lifan Technology, to explore battery-swapping possibilities, and Contemporary Amperex Technology, a Tesla supplier, is also developing its battery swap services.