EV company Nio aims to build battery chargers and swap stations in every Chinese county

Chinese electric car company Nio said Tuesday it plans to install battery charging stations in every one of China's 2,844 counties by the end of June 2025.

Nio's latest announcements for what it calls its Nio Power business comes after the company said earlier this year a Wuhan city-linked fund led an investment round of up to 1.5 billion yuan in the unit. Nio's efforts to build out its battery charging and swapping stations comes as consumers remain concerned about how far an electric car can drive on a single charge. Counties are one of the lowest-level jurisdictions in China, typically in less developed areas.

The company has ramped up strategic partnerships with automakers such as Chang'an and Geely for its battery swapping business.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

EV company Nio aims to build battery chargers and swap stations in every Chinese countyChinese electric car company Nio said Tuesday it plans to install battery charging stations in every one of China’s 2,844 counties by the end of June…
Source: NBCLA - 🏆 319. / 59 Read more »

Amid tensions with China, some US states are purging Chinese companies from their investmentsSome U.S. states are scrapping investments in Chinese companies amid tensions between countries with the world's largest economies.
Source: ksatnews - 🏆 442. / 53 Read more »

Amid tensions with China, some US states are purging Chinese companies from their investmentsSome U.S. states are scrapping investments in Chinese companies amid tensions between countries with the world's largest economies.
Source: wjxt4 - 🏆 246. / 63 Read more »