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Nio completes 10 million EV battery swaps in just 88 days
Chinese electric vehicle maker Nio has completed 10 million battery swaps in 88 days, underscoring the rapid growth of its battery-swapping network. The company operates automated stations where drivers exchange depleted batteries for fully charged ones in minutes, offering an alternative to conventional charging. The milestone highlights Nio's strategy of scaling infrastructure alongside vehicle sales.
Why now: The pace of the milestone shows how quickly Nio's battery-swapping model is being adopted, a notable data point in the electric vehicle market.
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