Getting electric vehicles fully charged usually takes hours, while empty batteries can be swapped for full ones in just minutes. Thus, battery swapping has become a major alternative to charging pillars. Dozens of models, from carmakers including Nio, BAIC and FAW, are now capable of battery swapping.
NIO plans to manufacture in-house developed high-voltage battery packs to better compete with Tesla in its home market, as well as in Europe, which is NIO's first overseas market outside of China.
Battery-swap sector ramps up as NEV owners seek alternative
A growing number of companies are moving into the battery swapping segment with new models and services. The companies vow to offer electric car owners a quicker and easier way to dispel their anxiety over mileage restrictions.
www.chinadaily.com.cn
NIO plans to manufacture in-house developed high-voltage battery packs to better compete with Tesla in its home market, as well as in Europe, which is NIO's first overseas market outside of China.
Tesla Rival NIO Plans to Produce its Own EV Battery Packs to Improve Profitability
Electric vehicle startup NIO Inc, which is emerging as one of Tesla’s biggest competitors in China, plans to produce its own electric vehicle batteries as a way to boost profitability and competitiveness in the growing EV segment. NIO’s plans to produce its own batteries were shared by company...
m.futurecar.com