NIO's CEO says Shanghai battery swapping stations near profitability

Published: Feb 10, 2025 19:46

Source: gasgoo

Save

On February 9, William Bin Li, founder, chairman, and CEO of NIO, revealed that the company’s battery swapping stations in Shanghai are close to achieving profitability.

Shanghai (Gasgoo)- On February 9, William Bin Li, founder, chairman, and CEO of NIO, revealed that the company's battery swapping stations in Shanghai are close to achieving profitability.

Mr. Li also emphasized that 2025 marks a pivotal year for NIO's battery swapping network expansion, with the goal of providing a convenient charging experience for users of NIO, ONVO, and other partner auto brands.

Since the first battery swapping station came online in Shenzhen on May 20, 2018, NIO took 1,508 days to reach the first 1,000 stations, 477 days to grow from 1,000 to 2,000, and only 434 days to surpass 3,000 stations cumulatively.

The second half of 2024 witnessed the fast battery swapping network expansion, with 576 new stations constructed. Besides, in December 2024, NIO completed its battery swapping network that covers China's 9 north-south and 9 east-west main highways, connecting all major cities across the country and spanning 12 key city clusters. This network enables seamless battery swaps along highways, with a station located every 200 kilometers on average, connecting over 700 cities. NIO users can now travel between major cities with access to highway battery swapping services.

As of January 27, NIO has deployed a total of 3,101 battery swapping stations, 4,343 charging stations, and 25,424 charging piles across the country.

In addition to building its own energy replenishment network, NIO has continued to form partnerships with other automakers to enhance charging and battery swapping connectivity.

On January 17, 2025, NIO formed a charging network collaboration with BAIC Group's premium electric vehicle brand ARCFOX. Under the agreement, NIO's charging network would be opened to ARCFOX owners, offering them an extensive, efficient, and user-friendly charging service across the country.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

22 hours ago

[Solid-State Battery Expert Voice: Wan Gang Calls for In-Depth R&D and Industrial Application of All-Solid-State Battery Technology, Accelerating Large-Scale Application of Hybrid Solid-Liquid Batteries]

[Solid-State Battery Expert Voice: Wan Gang Calls for Deeper R&D and Industrial Application of All-Solid-State Battery Technology, Accelerating Large-Scale Application of Hybrid Solid-Liquid Batteries] On September 3, 2026, at the opening ceremony of the 2026 World Power Battery Conference, Wan Gang, Honorary Chairman of the China Association for Science and Technology, systematically elaborated on the development path of power battery technology. He pointed out that it is necessary to strengthen basic research and technological innovation in new material system power batteries, focusing on key issues such as next-generation high-specific-capacity cathode and anode materials and high-stability electrolytes. Wan Gang proposed a three-tier advancement strategy: "deepen R&D and industrial application of all-solid-state battery technology; accelerate R&D and large-scale application of hybrid solid-liquid battery technology; continue to optimize and improve liquid batteries, and encourage the R&D and application of new-type sodium-ion batteries and others.

22 hours ago

[Solid-state battery expert voice: Yin Tongyue says Chery's solid-state battery cell energy density reaches 400Wh/kg, solid-liquid hybrid version to be installed in vehicles in Q4 2026, all-solid-state to be validated on vehicles in 2027]

[Solid-State Battery Expert Voices: Yin Tongyue Says Chery's Solid-State Battery Cell Energy Density Reaches 400Wh/kg, Solid-Liquid Hybrid Version to Be Installed in Vehicles in Q4 2026, All-Solid-State to Begin On-Vehicle Validation in 2027] On September 3, 2026, at the 2026 World Power Battery Conference, Yin Tongyue, Chairman of Chery Holding Group, revealed Chery's solid-state battery industrialisation timetable in a keynote speech. He stated that Chery's Rhino battery comprises three major series: hybrid-specific, pure electric-specific, and solid-state-specific, with solid-state battery cell energy density already reaching 400Wh/kg. The Rhino solid-liquid hybrid version is planned to be installed in vehicles in Q4 2026, and the all-solid-state battery is planned to begin on-vehicle validation in 2027. Yin Tongyue stated

22 hours ago

[Solid-state battery expert voice: Zhang Jinhua says the industry will form a three-tier echelon pattern of "liquid as the foundation, solid-liquid transition, and solid-state breakthrough," with all-solid-state batteries entering large-scale application by 2035]

[Solid-State Battery Expert Voice: Zhang Jinhua Says the Industry Will Form a Three-Tier Progression of "Liquid as Foundation, Solid-Liquid Transition, Solid-State Breakthrough," with All-Solid-State Batteries Entering Large-Scale Application by 2035] On September 3, 2026, at the 2026 World Power Battery Conference, Zhang Jinhua, Chairman of the Society of Automotive Engineers of China, stated that the material system is the underlying support that determines the upper limit of power battery energy density. He proposed that the industry will form a three-tier development pattern of liquid as foundation, solid-liquid transition, and solid-state breakthrough: liquid batteries cover the energy range of 200Wh/kg to 300Wh/kg, supporting mainstream demand in the mass market; over the next three years, solid-liquid hybrid batteries will be the first to enter the window period for commercial application, primarily installed in mid-to-high-end car models; all-solid-state batteries will gradually break through performance ceilings, achieving energy density above 500Wh/kg, and are expected to enter the window period for large-scale application by 2035.

22 hours ago