Battery Swap

William Li talked about the reception of Nio's share placement, and said the company's in-house developed autonomous driving chip and operating system are open to the entire industry.

Nio has teamed up with Future Science City Group in Beijing to jointly build 100 battery swap stations.

CATL will increase its bet on Mirattery, in addition to advancing its investment in Nio Power, according to local media.

Firefly's first model will use Nio's demonstration battery swap stations and will access Nio's fifth-generation stations in the future, the brand's president said.

Nio and CATL to build the world's largest battery swap service network, and Firefly's newly developed models will use CATL's Choco-Swap technology standard.

Starting April 1, Shanghai will subsidize 40 percent of equipment investments in battery swap stations open to other brands for a period of five years.

Those who buy Nio models on or before March 31 can take advantage of these subsidies.

February became by far the highest month in Nio's history for average daily battery swap services.

The battery swap business model is in line with China's carbon peak and carbon neutral strategies, and can solve EV charging difficulties, said GAC's chairman.

Onvo will allow owners to upgrade their 60-kWh standard range battery packs to 85-kWh long range packs on a daily, monthly or annual basis starting March 1.