Nio (NYSE: NIO) has seen its cumulative battery swap service exceed 80 million, less than four months after reaching the 70 million milestone.
The electric vehicle (EV) maker announced the latest milestone today, stating that it has provided an average of about 97,000 battery swap services per day so far this month.
On average, a vehicle leaves Nio's battery swap stations with a fully charged battery every 0.88 seconds, it said.
Nio's charging map shows that it currently has 3,405 battery swap stations in China, with 1,000 located along highways.
Nio's battery swap stations have cumulatively provided users with over 4.2 billion kWh of electricity, enough to power 2.11 million households for a year, according to the company.
Currently, over half of the power sourced for Nio vehicles comes from battery swap stations, it said.
Compared to charging at public charging facilities, battery swap services have cumulatively saved users about 6,703 hours of time, averaging 109 hours per user, Nio said.
Compared to gasoline-powered vehicles of the same class, battery swap services have cumulatively saved users about RMB 20.9 billion ($2.9 billion) in energy costs, averaging RMB 34,000 per user.
Nio built its first battery swap station in Shenzhen on May 20, 2018, and has continued to expand the construction of such facilities.
It took 29 months to complete the first 1 million battery swap services. On July 4, 2022, the service reached the 10 million milestone, four years after it first became available.
On August 5, 2024, Nio reached the milestone of 50 million cumulative battery swap services provided. On April 1 this year, the service reached 70 million.
On March 18, Nio announced a new partnership with its battery supplier CATL (SHE: 300750) to jointly build the world's largest battery swap service network.
In addition to battery swap stations, Nio is also the Chinese automaker with the most charging facilities.
As of now, it has 2,896 supercharging stations in China, providing 13,375 charging stalls, as well as 1,778 destination charging stations, offering 13,398 charging ports.
($1 = RMB 7.1779)
