NIO's battery swap station business is close to profitability

NIO revealed that the number of battery swaps in Shanghai is about 9,000 per day, and will soon reach 10,000. By the end of June, all provincial-level administrative regions in the country, except Taiwan and Hong Kong, will have NIO charging stations; by the end of the year, 27 provinces will have battery swaps available in all counties. During the Spring Festival, NIO's battery swap service performed well, with more than 100,000 daily swaps in 12 days, and a total of 1,716,746 battery swaps provided, a year-on-year increase of 44%.