The monthly record from June, with more than 8,000 electric cars sold for the first time, has not really helped NIO on the stock market so far. Although the shares were able to improve slightly to 39.50 euros in the course of Tuesday, they then slipped again. This means that the NIO share is still down by a good ten percent for the week, compared with almost 44 euros last Tuesday. The plans presented at the first NIO Power Day on July 9 did not provide any new impetus on the markets – although the goals are truly ambitious.
NIO massively expands charging and exchange network
To date, NIO has installed 301 so-called Power Swap stations in China, where empty batteries can be exchanged for full ones in a matter of minutes. More than 2.9 million swaps have now been carried out. 204 Power Charger stations for fast charging of electric cars have yet to be added. But the Tesla challenger, which will be active in Norway from September 2021 and thus outside its home market for the first time, still has big plans.
NIO will continue to expand its charging and exchange network, it says. This year, it even raised its targets to have installed more than 700 battery exchange stations by the end of the year instead of the previously planned 500. “From 2022 to 2025, NIO commits to installing 600 new battery swap stations in China each year,” it says.
Open also to Tesla & Co.
By the end of 2025, according to the plan, NIO will then even have a total of 4,000 NIO battery swap stations worldwide, including around 1,000 outside China. What’s more, in order to “share the achievements of NIO with the automotive industry and the users of intelligent electric vehicles,” as it says, the e-car manufacturer also announced at the NIO Power Day that it wants to make the charging and swapping system available to the entire industry.