Nio outlines massive battery swap expansion plans at first “Power Day” in China

Chinese electric car manufacturer Nio held its first “Power Day” in Shanghai last Friday, at which it unveiled its Nio Power 2025 plan to deploy nearly 4,000 Nio battery swap stations worldwide by 2025.

Nio makes electric and autonomous cars – including the company’s first autonomous vehicle, unveiled earlier this year and set to launch in the first quarter of 2022 – and has also made a name for itself with its “Battery as a Service” (BaaS) subscription models.