China's Nio to expand battery swap services to gain an edge on EV infrastructure

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China's Nio to expand battery swap services to gain an edge on EV infrastructure
Contemporary Amperex Technology Co LtdNIO IncNio Inc
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Battery swapping takes only a few minutes and is expected to better address consumers' driving range concerns.

Since November, Nio has partnered with at least four Chinese automakers — Changan, Geely, Chery and JAC — for developing battery swap standards and expanding the network in China.

Nio also announced agreements earlier this year to work with two local battery companies on battery swap services. The company claims that with battery swap, drivers can get a fresh charge in three minutes, if they opt in for a But he was cautious on whether Nio could sell enough of its own premium-priced cars to make the economics work. "For now I still think the combination of swapping and charging makes for a pretty attractive feature set, but swapping alone likely doesn't help them sell that many more cars."

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