Nio, the Shanghai-based EV startup, recently achieved a significant milestone by surpassing 100,000 battery swaps daily for five consecutive days between January 23 and January 27. The highlight was on Saturday, January 25, when a record-breaking 119,765 swaps were conducted in a single day. This surge in battery swaps was attributed to the upcoming Chinese New Year holiday, as people traveled to visit their families.
During the peak day, Nio reported an average of 4,991 swaps per hour, equating to about 83 swaps per minute at each swap station. Notably, 5,000 of the total swaps were for the Onvo brand, with approximately 40% of Nio swap stations supporting Onvo vehicles. Nio currently operates 3,106 swap stations in China, with cumulative battery swaps reaching 64.3 million to date.
The CEO and co-founder of Nio, Willia Li, confirmed these impressive statistics in an internal letter, emphasizing that daily battery swaps consistently exceeded 100,000 for five consecutive days. Additionally, Nio boasts China’s largest privately owned charging network, comprising nearly 4,400 charging stations with 25,000 charging points. Despite this extensive charging infrastructure, 80% of power charged into Nio EVs on highways originated from battery swap stations.
In terms of sales performance, Nio group achieved a significant growth in 2024, selling 221,970 cars, marking a 38.7% increase from the previous year. The company’s target for 2025 is set at 440,000 units, with 220,000 designated for the Onvo brand and the remainder for Nio-badged cars and the new entry-level Firefly EVs. In 2024, Onvo sold 20,761 units of its L60 SUV, which was launched in September.
These remarkable achievements solidify Nio’s position in the EV market and underscore its commitment to innovation and customer satisfaction. As the demand for electric vehicles continues to rise, Nio’s strategic focus on battery swap technology and charging infrastructure sets it apart as a leader in the industry.
