Nio

Steps being taken by Nio should bear fruit in the coming quarters, but a material improvement in the sales trajectory may take more time, Edison Yu's team said.

The video shows a Nio vehicle traveling to a battery swap station by driving autonomously and driving away after completing the automatic battery swap.

Nio launched the Jia Dian App in September 2019, claiming to support 90 percent of public charging piles in China, and saw over 1 million registered users in June 2022.

After Changan, Geely, JAC may also join Nio's battery swap system, local media said.

Nio's battery swap system will go from private domain exclusive service to public service and is expected to turn a profit, local media said.

Geely becomes the latest Chinese auto giant after Changan to enter into a partnership with Nio on battery swap.

Nio has started displaying vehicles at used car trading platform Uxin's offline outlets to open up new sales channels and increase sales exposure and reach, according to local media.

From November 1 to November 26, Nio was 12,700, Xpeng 14,800, Li Auto 34,800, Tesla 56,000 and BYD 178,000 units.

As NEV ownership rises rapidly, battery swap may be the way to go when the load of residential charging struggles to meet demand, said an opinion piece in Economic Daily.

Nio previously did its strategic planning based on a five-year length of time, but now that the market is changing so fast, the company has shifted to developing 2-year strategies, William Li said.