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.to more than 2,300 of China's counties by the end of 2025. Nio aims to start reaching the remainder of counties with power swaps in 2026, although it did not specify an end date.
The company has ramped up strategic partnerships with automakers such as Chang'an and Geely for its battery swapping business.
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