Overview
- Nio confirms passing 100,000,000 swaps and touts swapping as a mainstream refueling option for its EVs.
- CEO William Li says the network will expand by about 1,000 additional swap stations in 2026.
- The company reports 3,729 battery swap stations and 28,035 charging piles in China, delivering a cumulative 5.28 billion kWh.
- Nio says it has invested 18 billion yuan (US$2.6 billion) in swapping since 2018, with fourth‑generation stations completing swaps in about 144 seconds and fifth‑generation units in testing for mass production.
- Rival systems are intensifying pressure, with CATL’s standardized Choco‑Swap claiming 70–80 second swaps and a 2026 rollout target of more than 3,000 stations as fast‑charging tech also advances.