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Significant battery-swap growth expected in China and overseas

Significant battery-swap growth expected in China and overseas

Battery-swapping is gaining attention from Western media besides Chinese counterpart. For example, a related article titled “Battery-Swapping Revival Could Threaten Electric Car Charging Networks” has been recently published on Forbes (forbes.com).

Significant battery-swap growth is expected in China and overseas.

It is learned from NIO and Chinese media, on September 16, NIO announced that the first power exchange station produced by the NIO European plant in Hungary was officially shipped to Germany. According to NIO, it will accelerate the energy layout in the European market and provide European users with more convenient power-up services. Currently, the NIO European factory can build about 20 swap stations per month. By 2025, NIO plans to build 1,000 swap stations in markets outside of China.

In recent years, the power swap mode has begun to attract the attention and exploration of enterprises. New energy vehicle manufacturers represented by NIO and Geely Group, power battery manufacturers represented by CATL, energy suppliers represented by State Grid and many third-party power exchange operators have all entered the power swap track.

According to statistics from the China Charging Alliance, as of June 2022, there are 1,582 battery swap stations across the country. According to incomplete statistics, by 2025, major enterprises plan to build more than 33,000 battery swap stations. According to PetroChina, the number of swap stations is expected to exceed 22,000 in 2025, and the number of swap stations will increase by more than 20,000 from 2022 to 2025.