The explanation for that is almost obvious, but it is worth explaining the practical effects of the multiplication of cars and stations. According to Sina Finance, reaching 1 million battery swaps took NIO around 29 months. With more cars and stations around, going from 1 million to 9 million demanded approximately 20 months. From 9 million to 10 million, NIO spent only one month.
Considering that NIO’s battery swapping celebrated four years on June 28, the numbers do not match: NIO would have a bit more than 48 months, not 50 months (29+20+1), as the Sina Finance numbers suggest. Perhaps the real numbers are 28, 19, and 1, but only NIO could tell us more about that.
If we stick to the last number – one month to reach 1 million swaps – that means NIO’s 997 Power Swap stations perform around 33,333 swaps per day. That’s one swap every 2.8 seconds, which is an impressive number for a car company that still did not sell more than 300,000 so far.
With its European expansion, the battery swap station factory in Hungary, and new products for sale, these numbers should soon look humble. While its cars are naturally quick – being electric – NIO is speeding up in more than one aspect. For those who think battery swapping can help EVs, NIO is giving that capability a ride – shotgun – while it gains speed.
At 20:39:13 on July 4, 2022, at the Weilai Swap Power Station | Shanghai Hongqiao VEG Creative Park, with the completion of an ES8 battery swap, NIO users accumulated 10 million battery swaps.$NIO pic.twitter.com/NdhX6KjpKt— NIO ?? (@NIOGlobaI) July 4, 2022