Category: Nio

NIO’s single-day battery swap service hits record high on Labor Day eve

On April 28, NIO saw a record 62,746 battery swap services provided in a single day, with the stations along highways providing 104 percent more service than the previous day.

NIO's single-day battery swap service hits record high on Labor Day eve-CnEVPost

NIO (NYSE: NIO) saw its battery swap stations reach a new record high in services as China heads into the Labor Day holiday travel rush.

On April 28, NIO provided a record 62,746 battery swap services in a single day, the company announced today.

April 29 to May 3 is the Labor Day holiday in China this year, which is usually the peak of driving trips for Chinese people.

NIO owners will have free and unlimited access to the company's battery swap stations along highways from April 28 to May 4, although vehicles used for operations are excluded, it announced on April 25.

Most NIO owners currently have the benefit of four to six free battery swap services per month, with a few early adopters having unlimited access.

On April 28, NIO's battery swap stations along highways provided 16,584 free services to owners, up 104 percent from 8,115 the previous day, according to figures released today.

This is the second time NIO has offered such benefits to owners after the Chinese New Year holiday earlier this year.

NIO offered free access to battery swap stations from January 13 to February 5 during the Chinese New Year holiday, which ran from January 21 to January 27.

On January 27, NIO's battery swap stations provided 62,356 services in a single day, which was the previous high.

As of April 29, NIO had 1,379 battery swap stations in China, 364 of which are located along highways.

The company also has 2,536 charging stations in China, offering 15,068 charging piles, according to data monitored by CnEVPost.

NIO to allow vehicle owners free access to swap stations along highways for upcoming Labor Day holiday

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NIO suffers complaints from ES7 owners who believe upcoming new ES6 hurts their interests

Disgruntled ES7 owners have asked NIO to offer additional benefits as compensation, but have been denied.  |  NIO US | NIO HK | NIO SG

NIO suffers complaints from ES7 owners who believe upcoming new ES6 hurts their interests-CnEVPost

(Image credit: CnEVPost)

The new ES6 will be a strategically important model for NIO (NYSE: NIO), and it has sparked complaints from ES7 owners ahead of its official launch.

Many ES7 owners recently formed WeChat groups in order to collectively protest to NIO that the automaker has betrayed them because the new ES6 will not only have lower prices, but also have competitive edges with their vehicles.

As background, the NIO ES7 was launched on June 15, 2022, and is the company's second model based on the NT 2.0 platform, and the first SUV on the second-generation platform.

The NIO ES7 is currently offered in two versions, priced at RMB 468,000 ($67,710) and 548,000 including the battery. If consumers choose to purchase using the battery rental service BaaS, the starting price is RMB 398,000.

NIO began deliveries of the ES7 on August 28, 2022, with a cumulative total of 15,123 units delivered by the end of January this year, according to data monitored by CnEVPost. Delivery figures for the model in February and March are not available.

The NIO ES7 is similar to the new NIO ES8 in appearance and key specifications, but is smaller in size and less expensive. Previously, the model that sits behind the flagship ES8 in NIO's product array was the ES6.

It is worth noting that the ES7 is not the NT 2.0 version of the old ES6. The old ES6, based on the NT 1.0 platform, was still on sale after the ES7 was released.

On April 18, NIO officially launched the 2023 ET7 sedan on the first day of the Shanghai auto show and unveiled the ES6.

NIO suffers complaints from ES7 owners who believe upcoming new ES6 hurts their interests-CnEVPost

(Image credit: CnEVPost)

Pre-orders for the new ES6 are already being taken, but the official launch will be in late May. William Li, founder, chairman and CEO of NIO, said the model will move quickly from official launch to delivery.

Although NIO has not yet announced the prices of the new ES6, the model is widely seen as starting at less than RMB 400,000, considering that the old ES6 previously had a starting price of RMB 386,000 including the battery.

The unveiling of the new ES6 has unexpectedly sparked discontent among many ES7 owners, who believe the upcoming SUV has a strong appeal but significantly lower prices, despite the ES7's stronger features and space.

These owners also believe that the ES7 uses many NT 1.0 platform components, while the new ES6, by contrast, uses all NT 2.0 platform components.

To calm the discontent of these ES7 owners, NIO held a communication meeting with them on April 27, with Li's personal participation.

However, a recording circulating on the Internet shows that the communication was inconclusive, and Li denied the owners' request for additional benefits, despite a lot of pressure from them.

Notably, on Weibo, a large number of users expressed support for Li, arguing that the owners' demands were unreasonable and that NIO should stick to its current stance.

($1 = RMB 6.9121)

NIO launches new ET7, unveils new ES6 at Shanghai auto show

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NIO sues vlogger for $290,000 for spreading false information

NIO has accused a Douyin vlogger of spreading false information about its price discrimination against Chinese consumers.

NIO sues vlogger for $290,000 for spreading false information-CnEVPost

(Image credit: CnEVPost)

NIO (NYSE: NIO) is taking increasingly tough measures to counter voices on social networks that damage its reputation.

The electric vehicle (EV) maker recently sued Cheshiji, a vlogger with 6.5 million followers on the short video platform Douyin, for allegedly spreading false information and violating its reputation, local media outlet Sina Tech reported yesterday.

NIO is demanding a public apology from the blogger on his Douyin homepage and compensation of RMB 2 million ($290,000).

In a video dated June 2, 2022, the vlogger said that NIO was price discriminating against Chinese consumers because the flagship SUV ES8 was priced at RMB 470,000 to RMB 630,000 in China, significantly higher than the model's approximate RMB 410,000 to RMB 460,000 price tag in Norway.

NIO sues vlogger for $290,000 for spreading false information-CnEVPost

NIO said the vlogger improperly compared the ES8's prices in China including the battery to the model's prices in Norway without the battery, and deliberately ignored the fact that Norway exempts EVs from import duties and value-added tax.

These actions mislead the public into thinking that NIO is discriminating against Chinese consumers in terms of prices, NIO said.

The video received more than 330,000 likes, which NIO believes has had a serious negative impact on the company's brand reputation.

NIO believes that the vlogger deliberately made the inappropriate comparison knowing that NIO's models have prices that include batteries, as well as prices based on the Baas (battery as a service) business model, which is not a work error.

The vlogger was well aware of the differences between the two NIO purchase options and prices, and this evidence suggests that his actions to degrade NIO's brand image were intentional, the company said.

NIO said the base prices of its models are essentially the same worldwide, with the difference being that it takes into account factors including shipping costs, local taxes and operating costs in different regions.

It is the latest move by NIO to assert its brand image, which the company has rarely been tough about before.

Last month, another vlogger on the Douyin platform, Laotan Shuoche, was ordered to apologize and pay damages to NIO for spreading false information.

The blogger was found guilty of violating NIO's reputation rights and was required to publish an apology on his channel and pay financial damages of RMB 80,000.

($1= RMB 6.9121)

Vlogger ordered to apologize and pay damages to NIO for spreading false info

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NIO EC7 wait time becomes longer, ET7 shorter

The wait time for the NIO EC7 is now about 5 weeks, longer than the previous 4 weeks, and the ET7 is about 3 weeks, down from about 4 weeks.  |  NIO US | NIO HK | NIO SG

NIO EC7 wait time becomes longer, ET7 shorter-CnEVPost

(Screenshot on April 28.)

The wait time for NIO's (NYSE: NIO) coupe SUV EC7 became slightly longer on the day deliveries began, while the wait time for its flagship sedan ET7 became shorter.

The expected delivery date for the NIO EC7 is now about 5 weeks, up from about 4 weeks previously, information from the NIO App monitored by CnEVPost shows.

The model was launched on NIO Day 2022, December 24, 2022, and the first deliveries began on April 28, slightly ahead of NIO's original plan of mid-May.

On April 21, the NIO App saw significant changes to the vehicle configurator, and the ET7 flagship sedan wait time started showing again, with the EC7 going from May to about 4 weeks.

NIO ET7 now has a wait time of about 3 weeks, compared to about 4 weeks previously.

NIO's website and app currently showcase seven models -- the new ES8, ES7, new ES6, EC7, EC6, ET7, and ET5.

In the vehicle configurator of the NIO App, there are 5 models available -- new ES8, ES7, EC7, ET7, ET5. The configurator of the new ES6 and EC6 based on the NT 1.0 platform is not available.

Wait time information for all other NIO models remains unchanged, with the new ES8 still showing deliveries expected to start in June, the ES7 waiting time is about 3 weeks, and the ET5 about 2 weeks.

On the first day of the Shanghai auto show on April 18, NIO launched the 2023 ET7 and unveiled the new ES6. The price of the new ET7 is the same as the previous version, while the price of the new ES6 was not announced.

NIO EC7 officially started delivery on April 28, earlier than the original plan of mid-May.

NIO did not announce the number of EC7s delivered in the first batch, but said the company held delivery ceremonies in cities including Hefei, Shenzhen, Guiyang, Wuhan, Hangzhou, Suzhou, Taizhou and Nanjing.

NIO begins deliveries of EC7 coupe SUV earlier than originally planned

Changes in wait times for NIO models

DateModelPrevChangeLatest
04/28/23ET7 (NT 2.0)About 4 weeks↓About 3 weeks
04/28/23EC7 (NT 2.0)About 4 weeks↑About 5 weeks
04/25/23ES7 (NT 2.0)3-5 weeks↓About 3 weeks
04/21/23ET7 (NT 2.0)NANAAbout 4 weeks
04/21/23EC7 (NT 2.0)Mid MayNAAbout 4 weeks
04/17/23ES7 (NT 2.0)About 2 weeks↑3-5 weeks
04/14/23ES6 (NT 1.0)About 2 weeksNAStop showing
04/10/23ET5 (NT 2.0)About 3 weeks↓About 2 weeks
04/10/23ES7 (NT 2.0)About 3 weeks↓About 2 weeks
03/28/23ET5 (NT 2.0)3-4 weeks↓About 3 weeks
03/28/23ES7 (NT 2.0)4-6 weeks↓About 3 weeks
03/14/23ET5 (NT 2.0)2-3 weeks↑3-4 weeks
03/14/23ES7 (NT 2.0)About 3 weeks↑4-6 weeks
03/13/23ET7 (NT 2.0)About 3 weeksNAStop showing
02/14/23ES7 (NT 2.0)3-4 weeks↓About 3 weeks
02/14/23ET7 (NT 2.0)3-4 weeks↓About 3 weeks
02/14/23ET5 (NT 2.0)About 3 weeks↓2-3 weeks
02/6/23ET5 (NT 2.0)3-4 weeks↓About 3 weeks
01/28/23ES7 (NT 2.0)2-3 weeks↑3-4 weeks
01/28/23ET7 (NT 2.0)2-3 weeks↑3-4 weeks
01/28/23ET5 (NT 2.0)7-9 weeks↓3-4 weeks
01/11/23ET5 (NT 2.0)8-10 weeks↓7-9 weeks
01/5/23ET5 (NT 2.0)9-11 weeks↓8-10 weeks
12/29/22ET5 (NT 2.0)10-12 weeks↓9-11 weeks
12/22/22ET5 (NT 2.0)12-14 weeks↓10-12 weeks
12/20/22ES7 (NT 2.0)4-6 weeks↓2-3 weeks
12/13/22ET5 (NT 2.0)13-15 weeks↓12-14 weeks
12/13/22ET7 (NT 2.0)About 2 weeks↑2-3 weeks
12/13/22EC6 (NT 1.0)About 2 weeksNAStop showing
12/2/22ET5 (NT 2.0)21-23 weeks↓13-15 weeks
11/25/22ES7 (NT 2.0)7-9 weeks↓4-6 weeks
11/25/22ET7 (NT 2.0)3-5 weeks↓About 2 weeks
11/23/22ES8 (NT 1.0)About 2 weeksNAStop showing
11/16/22ET7 (NT 2.0)4-6 weeks↓3-5 weeks
11/10/22ES8 (NT 1.0)2-3 weeks↓About 2 weeks
11/10/22ES6 (NT 1.0)2-3 weeks↓About 2 weeks
11/10/22EC6 (NT 1.0)2-3 weeks↓About 2 weeks
11/3/22ES7 (NT 2.0)11-13 weeks↓7-9 weeks
11/3/22ET7 (NT 2.0)6-8 weeks↓4-6 weeks
11/3/22ES8 (NT 1.0)2-4 weeks↓2-3 weeks
11/3/22ES6 (NT 1.0)2-4 weeks↓2-3 weeks
11/3/22EC6 (NT 1.0)2-4 weeks↓2-3 weeks
10/31/22ES7 (NT 2.0)12-14 weeks↓11-13 weeks
10/31/22ES8 (NT 1.0)3-5 weeks↓2-4 weeks
10/31/22ES6 (NT 1.0)3-5 weeks↓2-4 weeks
10/31/22EC6 (NT 1.0)3-5 weeks↓2-4 weeks
10/21/22ES7 (NT 2.0)13-15 weeks↓12-14 weeks
10/21/22ET7 (NT 2.0)11-13 weeks↓6-8 weeks
10/21/22ET5 (NT 2.0)21-23 weeksNAStop showing
10/21/22ES8 (NT 1.0)4-6 weeks↓3-5 weeks
10/21/22ES6 (NT 1.0)4-6 weeks↓3-5 weeks
10/21/22EC6 (NT 1.0)4-6 weeks↓3-5 weeks

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NIO begins deliveries of EC7 coupe SUV earlier than originally planned

The EC7 was launched on NIO Day 2022, December 24, 2022, and NIO had planned to begin deliveries of the model in mid-May.

(Image credit: NIO)

NIO (NYSE: NIO) began the first deliveries of the EC7 coupe SUV today, surprisingly ahead of its original schedule.

Deliveries of the NIO EC7 officially kicked off on April 28, the company said today on its mobile app, and shared several images.

NIO did not announce the number of EC7s delivered in the first batch, but said the company held delivery ceremonies in cities including Hefei, Shenzhen, Guiyang, Wuhan, Hangzhou, Suzhou, Taizhou and Nanjing.

The EC7 was launched on NIO Day 2022 on December 24, 2022, and the new ES8 was also launched at the event.

NIO announced plans at the time that deliveries of the EC7 would begin in May and deliveries of the new ES8 would begin in June.

The company began allowing consumers to lock in orders for the EC7 and test drive the vehicle on April 10. It said at the time that deliveries of customized vehicles for the EC7 would begin in mid-May.

The early start of EC7 deliveries could be part of NIO's effort to accelerate making its new models available to boost weak sales.

NIO delivered 10,378 vehicles in March, up 3.94 percent from 9,985 a year earlier but down 14.6 percent from 12,157 in February, according to figures it announced on April 1.

NIO's deliveries have been weak so far this month, with insurance registrations for its vehicles totaling slightly above 4,000 units from April 3 to April 23.

The EC7, NIO's second coupe SUV after the EC6, is 4,968 mm long, 1,974 mm wide and 1,714 mm high, with a wheelbase of 2,960 mm.

For comparison, the EC6 is 4,850 mm long, 1,965 mm wide and 1,731/1,714 mm high, with a wheelbase of 2,900 mm.

NIO offers an intelligent dimming glass option for the EC7's roof, the first time the company has introduced this option in one of its models.

The EC7 has a wind resistance coefficient of just 0.23 Cd, which NIO said is the lowest of any mass-produced SUV in the world.

The model is equipped with a 180-kW permanent magnet motor up front and a 300-kW induction motor in the rear, allowing the motor to reach a combined peak power of 480 kW. The powertrain allows the EC7 to accelerate from 0 to 100 km/h in 3.8 seconds, making it NIO's fastest-accelerating SUV.

NIO currently offers three versions of the EC7, including a version with a 75-kWh standard range battery pack, a version with a 100-kWh battery pack, and a premiere version with a 100-kWh battery pack.

Including the battery, the starting prices for these three versions are RMB 488,000 ($70,560), RMB 546,000 and RMB 578,000 respectively.

Customers who choose NIO's battery rental program BaaS (battery as a service) to purchase the car will see the prices start at RMB 418,000 for both regular versions and RMB 450,000 for the premiere version. Their monthly battery rental costs are RMB 980 yuan, 1,680 yuan and 1,680 yuan respectively.

(1 $= RMB 6.9165)

Insurance registrations for week ending Apr 23: Tesla 10,300, Li Auto 7,200, NIO 2,000

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NIO signs partnership deal with state conglomerate China Resources

NIO has opened 46 NIO Houses and NIO Spaces in commercial real estate projects managed by China Resources.

NIO signs partnership deal with state conglomerate China Resources-CnEVPost

(Image credit: NIO)

NIO (NYSE: NIO) signed a strategic cooperation framework agreement with China's state conglomerate China Resources to collaborate on a variety of fronts, the electric vehicle (EV) maker said yesterday.

The two signed the agreement on April 26 at an NIO House in Hefei, Anhui province, in the presence of William Li, founder, chairman and CEO of NIO, and Wang Xiangming, chairman of China Resources, according to an article posted on the NIO App.

NIO and China Resources will cooperate in areas including commercial space leasing and construction, charging and battery swap infrastructure investment and construction, campus and community energy management, new material applications, and consumer services, according to the article.

China Resources is a large state-owned enterprise with major businesses in consumer, energy, urban construction and operations, health, industrial finance, technology and emerging industries.

By the end of 2022, China Resources had total assets of more than RMB 2.3 trillion and was ranked 70th on the Fortune 500 in 2022.

NIO signs partnership deal with state conglomerate China Resources-CnEVPost

NIO started working with China Resources in 2018, opening more showrooms in the latter's operated properties than any other partner.

By the end of March 2023, NIO had opened 46 NIO Houses and NIO Spaces in commercial real estate projects managed by China Resources, according to the article in the NIO App.

The article did not provide more details on the possible future collaboration between the two. For NIO, it will need the support of partners, especially property operators, in increasing the number of showrooms as well as charging and battery swap infrastructure.

NIO has an aggressive plan to add 1,000 battery swap stations and 10,000 charging piles this year to ensure it provides a continuous energy replenishment experience for owners.

"People always think of battery swap when they think of NIO, but we're actually doing a great job with charging facilities as well … we will be determined to build the infrastructure," Li said in a speech at a forum earlier this month.

China EV 100 Forum: NIO's William Li's full speech

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NIO Capital invests in Chinese SiC chip maker

Qingchun was founded in March 2021, and the core team members have been involved in SiC semiconductor technology for over 20 years, according to NIO Capital.

(Image credit: NIO Capital)

NIO Capital has invested in a local Chinese silicon carbide (SiC) chip maker as it continues to expand its investments in the new energy vehicle (NEV) industry chain.

The company recently co-led a several hundred million yuan Series A+ round of financing for Qingchun Semiconductor (or SICHAIN), which will be used to improve the SiC chip maker's supply chain layout, expand its team and build mass production labs, according to a press release today.

Founded in March 2021, Qingchun's core team members have been involved in SiC semiconductor technology for more than 20 years and are one of the few companies in China currently capable of achieving world-class performance and reliability of SiC devices, according to NIO Capital.

The SiC chip maker is also one of the companies able to mass produce automotive SiC MOSFETs based on its production line in China, and its products have been used in new energy power generation and NEVs, according to the release.

Since its inception, Qingchun has made a series of significant advances in SiC device technology and product development, including the maturation of its 1200V SiC MOSFET platform technology and the mass production of multiple products.

The company launched the first 15V drive SiC MOSFET to be mass-produced in China, shipping nearly one million units to various industries, particularly photovoltaics and energy storage, according to the release.

Qingchun also launched the 1200V 14mΩ SiC MOSFET, which has the lowest on-resistance and is currently being validated by several vehicle companies, according to NIO Capital.

The SiC market is spacious and growing fast, with a wide range of application scenarios in areas such as NEVs, and Qingchun is one of the best startups in China for that, said Ian Zhu, managing partner of NIO Capital.

Earlier today, 's electric vehicle brand announced a long-term supply agreement with US chip maker Onsemi involving silicon carbide power devices.

Zeekr will use Onsemi's M3E 1200V EliteSiC MOSFET products to complement its expanding lineup of high-performance all-electric models, according to a press release.

The SiC module is an upgrade to the IGBT (insulated gate bipolar transistor chip) module, a third-generation power semiconductor with higher efficiency, higher temperature resistance and higher voltage characteristics.

The module will help upgrade the electrical architecture of NEVs from 400V to 800V and enable NEVs to charge from 0 to 80 percent in 10 minutes.

NIO Capital leads latest funding round in US-based suspension startup ClearMotion

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NIO sees cumulative user mileage exceed 10 billion km

This equates to a reduction of 1.07 million tons of carbon emissions, as well as saving customers about RMB 7 billion in energy costs.  |  NIO US | NIO HK | NIO SG

NIO sees cumulative user mileage exceed 10 billion km-CnEVPost

(Image credit: NIO)

NIO (NYSE: NIO) saw its cumulative user miles exceed 10 billion kilometers on April 25, marking a new milestone in the company's history.

NIO announced the milestone today on its mobile app, saying its total number of users to date exceeds 320,000.

NIO delivered 10,378 vehicles in March, bringing cumulative deliveries to 320,597 as of March 31, according to data monitored by CnEVPost.

"Reaching this landmark is a proud moment that confirms NIO is a trusted and proven solution for our loyal users. Our compelling range of power solutions, such as our battery swap stations, offers the freedom to travel freely, knowing a robust power solution is never far away," said William Li, founder, chairman, and CEO of NIO.

The company -- all of whose vehicles are zero-emission battery electric vehicles -- said the 10-billion-kilometer mileage represents a reduction of 1.07 million tons of carbon emissions and a savings of about RMB 7 billion ($1 billion) in energy costs for users.

To date, NIO user footprints have covered over 370 cities worldwide. More than 11,000 of them have driven more than 100,000 kilometers, with the longest one reaching nearly 450,000 kilometers.

NIO sees cumulative user mileage exceed 10 billion km-CnEVPost

(Image credit: CnEVPost)

Users have driven more than 821 million kilometers with NIO's assisted driving system, with a cumulative usage time of about 10.76 million hours.

The total mileage of NIO's NOP (Navigate on Pilot) system reached 310 million kilometers, and the total mileage of NOP Plus reached 2,730 kilometers.

As of April 25, NIO has provided more than 21 million battery swap services, and the percentage of power provided by battery swap stations exceeds 60 percent, according to the company.

NIO's battery swap stations provided a peak of 62,356 battery swap services in a single day, equivalent to one NIO vehicle receiving a fully charged battery from these stations every 0.7 seconds, it said.

NIO sees cumulative user mileage exceed 10 billion km-CnEVPost

(Image credit: CnEVPost)

As of April 25, NIO had 1,369 battery swap stations in China, 362 of which are located along highways.

It also has 2,512 charging stations in China, offering 14,903 charging piles, and its charging map has access to 690,000 third-party charging piles.

The company will add 1,000 battery swap stations in China this year, according to its previously announced plans.

In Europe, NIO plans to add up to 70 battery swap stations this year, according to a press release today.

During the upcoming Labor Day holiday, all NIO owners will have unlimited free access to battery swap stations located along highways, it announced yesterday.

This year's Labor Day holiday in China runs from April 29 to May 3. NIO owners will have free access to these battery swap stations from April 28 to May 4, although vehicles used for operational purposes are excluded.

($1 = RMB 6.9239)

NIO launches new ET7, unveils new ES6 at Shanghai auto show

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Insurance registrations for week ending Apr 23: Tesla 10,300, Li Auto 7,200, NIO 2,000

NIO sold 2,000 units last week, up from 700 the week before and 1,316 in the first week of April.

(NASDAQ: LI) maintained strong sales last week, and NIO (NYSE: NIO) saw a significant rebound, the latest data show.

With 7,200 units sold in the week ending April 23, Li Auto far outpaced other new car-making brands, the automaker said today on Weibo.

With deliveries of the Air versions of the Li L8 and Li L7, Li Auto's weekly sales hit another record high, it said.

Li Auto didn't specify what statistic that sales figure was based on, though apparently, it was insurance registrations. Previously, we had access to those numbers every Tuesday, and Li Auto's practice was to share some of them on Wednesdays.

The main third-party agencies and Weibo bloggers that provide data on auto insurance registrations in China stopped sharing the data this month, but Li Auto continues to share some of it.

This is the first time Li Auto has shared those numbers on a Tuesday, though they weren't taken down to single digits.

(NASDAQ: TSLA) sold 10,300 units last week, according to the table shared by Li Auto. That was down from 12,500 units the week before and up from 6,973 units in the first week of April.

NIO sold 2,000 units last week, up from 700 the week before and 1,316 in the first week of April.

(NYSE: XPEV) sold 1,900 units last week, up from 1,300 units and 904 units in the previous two weeks.

sold 2,100 units last week, up from 1,600 units the previous week and 1,476 units in the first week of April.

Among luxury brands, Mercedes-Benz, BMW and Audi had the highest sales last week with 15,800, 15,600 and 14,800 respectively, according to data shared by Li Auto.

Insurance registrations for week ending Apr 16: Tesla 12,500, Li Auto 6,300, NIO 700

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NIO to allow vehicle owners free access to swap stations along highways for upcoming Labor Day holiday

NIO offered similar benefits during the Chinese New Year holiday earlier in the year and saw a surge in battery swap services.  |  NIO US | NIO HK | NIO SG

NIO to allow vehicle owners free access to swap stations along highways for upcoming Labor Day holiday-CnEVPost

(Image credit: CnEVPost)

NIO (NYSE: NIO) will continue to allow its car owners unlimited free access to battery swap stations along highways in China for the upcoming golden week, following a similar campaign earlier this year.

For the upcoming Labor Day holiday, all NIO owners will have unlimited free access to battery swap stations along highways, the electric vehicle (EV) maker announced today on its mobile app.

The Labor Day holiday in China runs from April 29 to May 3 this year, and NIO owners will have free access to these battery swap stations from April 28 to May 4, although vehicles used for operations are excluded.

Most NIO owners currently have the benefit of four to six free battery swaps per month, with a few early adopters having unlimited access to the service.

The benefits NIO is offering for the upcoming holiday season are in addition to the benefits owners already have.

The company offered similar benefits during the Chinese New Year holiday earlier this year, allowing for a spike in the number of services offered at its battery swap stations.

NIO offered free access to battery swap stations from January 13 to February 5 during this year's Chinese New Year holiday, which ran from January 21 to January 27.

On January 27, NIO's battery swap stations reached an all-time high of 62,356 services in a single day, according to its previously announced data.

The free battery swap service provided during the Chinese New Year holiday did not put additional cost pressure on NIO, as the revenue generated by its charging stations at the time largely covered those costs, the company said at a media briefing in early February.

As of April 25, NIO had 1,369 battery swap stations in China, including 362 along highways, according to data monitored by CnEVPost.

The company also has 2,512 charging stations in China, providing 14,903 charging piles.

NIO's goal is to add 1,000 battery swap stations this year, bringing the number of facilities to 2,300 by the end of 2023.

NIO provides nearly 1 million battery swap services in half month around Chinese New Year holiday

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