Nio reaches 3,000 swap stations in China

CnEVPost01-03

Nio's first battery swap station went live on May 20, 2018. The 1,000th station went live on July 6, 2022 and the 2,000th on October 26, 2023. (An image of Nio's 3,000th battery swap station in ...

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  • Cedric77
    01-04
    Cedric77
    I owns BYD and NIO share. Sold off BYD at 30% profit but still holding on to NIO at 60% downside.  Insight on China's electric vehicles (EVs). China's EV have gained a competitive edge globally, boasting affordability and cutting-edge technology. Several factors contribute to their relatively low prices. - *Government Subsidies*: The Chinese government has invested heavily in the EV industry, providing over $230 billion in subsidies from 2009 to 2023. These subsidies have helped reduce production costs, making EVs more affordable for consumers.¹ - *Economies of Scale*: China's massive market and production volumes enable EV manufacturers to take advantage of economies of scale. This reduces costs per unit, allowing companies to maintain profitability while keeping prices com
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