Battery Swap

The new scheme makes billing more dependent on the amount of power added, which may help promote the use of the battery swap service compared to the previous fixed service fee plus a power charge.

Jiyue CEO said the EV maker has entered into a strategic partnership with Nio on battery swap and will soon officially become part of Nio's battery swap alliance.

Nio has begun to push forward with its Power Up Counties plan, with five county-level administrative regions seeing their first Nio battery swap stations go into operation in August.

Nio is set to tweak its charging model for its battery swap service in China, in what will be the third major overhaul since the service became available.

Nio's 2,500th battery swap station in China went live today. It has 54 stations in Europe, with Germany and Norway having 18 stations each.

In the short term, CATL aims to have more than 500 battery swap stations by 2025 and 3,000 by 2027.

The first production vehicle of the Onvo L60 is expected to roll off the line in mid-August, with the model's interior to be unveiled within two weeks, Onvo's president said.

By the end of July, Nio had accumulated about 49.6 million battery swap services. It is on track to reach its 50 millionth service milestone on August 5-6.

William Li said that if Nio's plan to add 1,000 stations in China in 2024 is delayed, it could be by up to 1-2 months. The company is building a third battery swap station assembly plant in Wuhan.

As of July 15, Nio had 15 battery swap stations in Norway and 17 in Germany, according to data compiled by CnEVPost.