Foreign media: Chinese electric vehicle manufacturer NIO plans to add 1,000 battery swapping stations this year, despite the development of fast-charging battery technology posing a challenge to its battery swapping model.

NIO has invested 2.6 billion US dollars in developing battery swapping technology, and currently has 3,729 battery swapping stations that can automatically replace batteries in three minutes.

NIO CEO Li Bin said that the completion of the one billionth battery swap marks that battery swapping technology has been widely accepted in the Chinese market.

However, with advanced battery technology allowing some high-end electric vehicles to charge for 500 kilometers of range in 10 minutes, the future prospects of battery swapping technology remain uncertain.

Original article: toutiao.com/article/1856640600281095/

Statement: The article represents the views of the author himself.