NIO hits 50 million battery swaps, says drivers choose the tactic

NIO’s industry-leading battery swap know-how is constant to realize prowess because the Chinese language EV firm hits one other milestone. Yesterday night, NIO hit 50 million cumulative battery swaps, offering proof that the EV charging methodology shouldn’t be solely viable but additionally most popular by many drivers.

NIO ($NIO) continues to point out the world EV why it is likely one of the main EV know-how manufacturers in China. Along with delivering a lineup of a number of the extra spectacular electrical automobiles on the planet, the corporate has developed and launched a number of adjoining applied sciences available in the market together with cell phones and battery swaps.

Since EVs started rising to prominence, the concept of shortly swapping out packs quite than leaving a automotive at a charger has been an possibility. A number of OEMs like Tesla explored the know-how early on earlier than abandoning it, whereas different startups like Ample, for instance, have geared it towards extra granular segments like rideshare automobiles and concrete EVs.

NIO, nevertheless, has absolutely embraced battery swaps since its inception and has shortly turn into the worldwide chief within the area. It is usually gaining momentum.

It took NIO 4 years to succeed in its first 10 million swaps and a mere 9 months to double that determine. By October 2023, the automaker eclipsed the 30 million swap milestone in a formidable six months.

Now, lower than ten months later, NIO is celebrating 50 million battery swaps so far and counting.

NIO says a majority of EV drivers choose battery swaps

Per a latest Weibo submit, NIO achieved its newest tally of battery swaps at 11:33 PM on August 5. The automaker shared that its battery swap system has now delivered its EV drivers with a cumulative complete of two.62 billion kWh of electrical energy – that’s sufficient vitality to energy greater than 1.31 million properties for a whole yr.

Moreover, NIO shared that its battery swaps have saved EV drivers over 2.85 billion minutes in comparison with sitting and ready at public chargers, which stays the {industry}’s most popular methodology at this level.

Plug charging doesn’t appear to be the popular methodology for many NIO drivers in China, nevertheless. NIO says that near 60% of the vitality despatched to NIO-branded automobiles is coming from battery swaps.

So far, NIO says its swap know-how has saved EV drivers a complete of RMB 20.3 billion ($2.85 billion) in comparison with comparable gasoline fashions – a mean of RMB 36,000 ($5,050) per NIO proprietor.

NIO’s present community in China contains 2,464 swap stations that full a mean of 79,000 swaps per day. On the present charge, NIO says an EV driver is delivered a completely charged battery pack each 1.1 seconds in China.

As of mid-July 2024, NIO had 50 battery swap stations in operation all through Europe, together with Norway and Germany. Should you choose charging plugs, the Chinese language automaker nonetheless sells EVs with that as an possibility, however battery swaps look like rising in reputation in China, maybe providing a glimpse right into a future the place the EV cost methodology is extra widespread throughout the worldwide market.