- Over the past 11 years, Nio has invested over RMB 18 billion ($2.6 billion) in charging and battery swap infrastructure.
- Nio is about to start large-scale construction of its fifth-generation battery swap stations, and Firefly users will soon be able to access battery swap services.
Nio Inc (NYSE: NIO, HKG: 9866) has set its next goal to achieve profitability in its power business, following the milestone of completing its 100 millionth battery swap service.
The company will continue to enhance the commercial operational capabilities of its charging and battery swap network, laying a solid foundation for profitability in the business, said William Li, Nio's founder, chairman, and CEO, in an open letter on Monday.
Nio reached the cumulative 100 million battery swap service milestone on February 6, 2,819 days after its first swap service.
The milestone not only marks a significant achievement for Nio Inc but also signifies that the battery swap model has gained large-scale validation from users and the market, Li said in the open letter published on the company's mobile app on Monday.
"Standing at this new starting point of 100 million battery swap services, we are more determined than ever to pursue what we believe in," he said.
In 2026, Nio plans to build 1,000 new battery swap stations, Li said, reiterating the target mentioned in a January 1 live video broadcast.
Nio is about to commence large-scale construction of its fifth-generation battery swap stations, and Firefly users will soon enjoy convenient battery swap experiences, Li said.
The Firefly sub-brand launched its first model on April 19, 2025, allowing users to purchase vehicles through a BaaS (Battery as a Service) plan, though battery swap is not yet supported.
Over the past 11 years, Nio has invested over RMB 18 billion ($2.6 billion) in charging and battery swap infrastructure, securing more than 2,100 patents, Li noted.
Reaching the 100 million battery swap milestone signifies the business has validated its journey from concept to large-scale operation, Li said, adding that daily battery swap service volumes have surpassed 100,000.
Battery swap stations are also becoming integral to new power systems, alleviating grid pressure and enhancing energy utilization through grid interaction, he said.
Li emphasized that battery swap stations not only recharge vehicles but also provide new capabilities for urban energy systems.
On February 5, Nio issued a profit forecast, anticipating its first quarterly profitability under both non-GAAP and GAAP standards in the fourth quarter of 2025.
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