Smart and Sustainable Electric Mobility
China FAW will join the Nio-led battery swap alliance, becoming the seventh automaker to do so, according to local media.
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Nio and GAC will work together on battery standards, development and customization of battery swap-enabled models, battery asset management and operations, and battery swap service network construction.
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On average, each Nio user made four battery swaps in April, each lasting about three minutes.
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Nio's pace of building battery swap stations was slow at the start of the year, possibly waiting for fourth-generation station capacity to ramp up. It's aiming to end the year with a total of more than 3,310 stations.
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Nio said it has reached 307,783 total smart driving users and 193,174 NOP+ users.
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Zhongan and Nio Power will jointly promote the construction of 1,000 battery swap stations, creating an open energy network and a battery asset management and operation system, Nio said.
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As of the end of February, Nio had 587 battery swap stations and more than 27,000 charging piles participating in grid load regulation in 14 provinces and cities.
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The service barely affects battery swap stations' ability to provide service to car owners, with one station bringing in revenue in the tens of thousands of euros a year, according to a Nio vice president.
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Nio's battery swap stations provided a total of 871,477 services from February 8-18, with a peak of 90,199 services in a single day.
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The JV will cater to the ride-hailing market and provide battery swap services for NEVs, CATL said.
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