Caixin
Aug 22, 2024 08:38 AM
BUSINESS

Nio Aims to Build Charging Station in Every Chinese County by Mid-2025

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As of Aug. 20, Nio has installed more than 23,000 charging facilities and 2,480 battery swap stations across the country
As of Aug. 20, Nio has installed more than 23,000 charging facilities and 2,480 battery swap stations across the country

Nio Inc., the electric carmaker, unveiled an ambitious plan Tuesday to build battery charging stations in each of the more than 2,800 counties across the Chinese mainland by the end of June 2025.

Nio also expects its battery swap service to be available in more than 2,300 counties by the end of 2025, with the remaining regions to be covered after 2026, though the company did not specify a completion date.

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  • Nio plans to build battery charging stations in over 2,800 Chinese counties and make its battery swap service available in more than 2,300 counties by the end of June 2025.
  • The company launched a partnership program to support expansion, involving six companies, including a subsidiary of China Energy Engineering Co. Ltd.
  • As of August 20, Nio has installed over 23,000 charging facilities and 2,480 battery swap stations but reported a significant loss of 4.90 billion yuan in Q1.
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Who’s Who
Nio Inc.
Nio Inc., established in 2014, is an electric carmaker aiming to build battery charging stations in over 2,800 Chinese counties by June 2025 and expand its battery swap service. Nio has installed over 23,000 charging facilities and 2,480 battery swap stations. Despite reporting a loss of 4.90 billion yuan in Q1, Nio collaborates with companies like Huawei to enhance its battery infrastructure and boost vehicle sales.
China Energy Engineering Co. Ltd.
China Energy Engineering Co. Ltd. is one of the companies partnering with Nio Inc. to build battery charging facilities across the Chinese mainland. The partnership supports Nio's plans to expand its battery service network to over 2,800 counties by June 2025 and aims to boost Nio's vehicle sales by enhancing charging infrastructure availability.
Xi’an Municipal Infrastructure Construction Investment Group Corp. Ltd.
Xi’an Municipal Infrastructure Construction Investment Group Corp. Ltd. is one of the companies that signed partnership deals with Nio Inc. to collaborate in building battery charging facilities across China. This partnership is part of Nio's initiative to expand its battery service network and boost electric vehicle sales by ensuring the availability of charging stations in more than 2,800 counties by June 2025.
Guangdong Power Grid Electric Vehicle Service Co. Ltd.
Guangdong Power Grid Electric Vehicle Service Co. Ltd. is one of the six companies with which Nio Inc. signed partnership deals to support the expansion of its battery charging facilities across Chinese counties. This partnership is part of Nio's ambitious plan to enhance its battery service network, aiming to boost vehicle sales and customer confidence in traveling longer distances with electric cars.
Guangzhou Automobile Group Co. Ltd.
Guangzhou Automobile Group Co. Ltd. is one of the leading automakers that Nio Inc. is collaborating with to establish battery standards, vehicle R&D, and a battery charging and swap network. This partnership aims to facilitate the development and expansion of Nio’s battery service infrastructure.
Chongqing Changan Automobile Co. Ltd.
Chongqing Changan Automobile Co. Ltd. is collaborating with Nio Inc. on establishing battery standards, conducting vehicle research and development, and constructing a battery charging and swap network.
Huawei Technologies Co. Ltd.
Huawei Technologies Co. Ltd. became the latest partner of Nio’s battery swapping alliance in July. This partnership allows cars built under Huawei’s Harmony Intelligent Mobility Alliance to access Nio’s charging infrastructure. Huawei was ranked above Nio in vehicle deliveries in July, reflecting its competitive position in China's EV market.
Li Auto Inc.
The article mentions that Nio ranked third among China’s emerging EV-makers in July, losing to Li Auto Inc. and Huawei Technologies Co. Ltd. Though specific details about Li Auto Inc. are not given in the article, it is indicated that Li Auto outperformed Nio in vehicle deliveries for that month.
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What Happened When
July 2024:
Huawei Technologies Co. Ltd became the latest partner of Nio’s battery swapping alliance.
August 20, 2024:
Nio unveiled an ambitious plan to build battery charging stations in each of the more than 2,800 counties across the Chinese mainland by the end of June 2025.
August 20, 2024:
Nio launched a partnership program inviting companies to join it in building battery charging facilities.
As of August 20, 2024:
Nio has installed more than 23,000 charging facilities and 2,480 battery swap stations across the country.
AI generated, for reference only
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