Nio opens first battery swap station in Germany (NYSE:NIO)

Nio (NYSE:NIO) has opened its first battery swap station in Germany earlier than it formally enters the market on Oct 07, 2022.

Positioned in Zusmarshausen, the battery swap station was constructed underneath a partnership between NIO and charging parks operator Sortimo.

The power is the dimensions of two garages and can later be designed for as much as 312 swaps/day. As much as 13 batteries are charged from 40 kW to 80 kW in a grid- and battery-friendly method that doesn’t trigger typical grid peaks, NIO mentioned. The Chinese language EV maker will carry out remaining testing and calibration of the station over the subsequent few days.

Nio (NIO) has been ramping up efforts in Europe and is predicted to launch the ET7, ET5 and ES7 on the NIO Berlin 2022 occasion on Oct 7. Thus far, it has formally introduced two battery swap stations in Norway. The German battery swap station is the third one the corporate has introduced for abroad markets.

Elsewhere, the automaker has introduced 13 new battery swap stations on-line in China over the previous two days in anticipation of the Chinese language Nationwide Day vacation journey peak. Its battery swap community now covers the entire highways in jap China’s Zhejiang province.

By 2025, NIO goals to have 4,000+ battery swap stations worldwide, with 1,000 of them positioned in abroad markets.

U.S. listed shares of NIO had been down ~3% in premarket hours