Nio to Add 1,000 Battery-Swapping Stations in 2023

What’s new: Electric vehicle startup Nio Inc. plans to build 1,000 new battery-swapping stations across China this year to serve its business expansion, the company said.

The new facilities will include 400 battery-swapping stations along highways and 600 in urban areas with a focus on the country’s third- and fourth-tier cities and counties, founder and Chairman William Li said Tuesday.