Charging

As of July 1, Nio has completed a total of 11 battery swap stations, 15 supercharging stations and 17 destination charging stations in the eight regions, it said.

Teld was priced at RMB 14.6 yuan per share, valuing the company at approximately RMB 13.6 billion after the investment.

For reference, Tesla currently has more than 6,300 Superchargers in China and more than 25,000 Superchargers worldwide.

Nio said Tuesday it has opened the second line under the plan - a route covering the mountainous regions of southwestern China from Chengdu via China's National Highway 318.

Under the plan, Nio's ultimate goal is to deploy more than 30,000 destination DC charging piles in China.

The rapid growth of China's electric vehicle industry has opened up opportunities for many foreign companies.

New energy vehicles are one of the hottest topics in China right now, and in addition to Internet companies jumping on the car-making bandwagon, the number of companies providing infrastructure is also growing rapidly.

The V3 Superchargers can support peak charging power of up to 250 kW, and some Model 3 models can be charged for up to 250 km in 15 minutes.

China continues to provide policy support for the new energy vehicle industry, as a new document aimed at boosting the construction of charging and battery swap infrastructure was drafted.

Xpeng Motors announced today that it has reached 1,140 charging stations under its own brand, covering 164 cities in China.