Nio will raise the cost of battery upgrades on a daily basis by 76 percent between February 1-17, as it expects demand for upgrades to surge during the Chinese New Year travel rush.
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A new company called Zhongan Energy was launched today and it will build 1,000 battery swap stations with the support of Nio and two state-owned groups in Anhui province.
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Nio said it and JAC, Chery will carry out deep strategic cooperation in battery standards, battery swap technology, battery swap service network construction and operation.
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Nio has also signed strategic cooperation agreements with two state-owned groups in Anhui province for energy storage, charging, and battery swap system construction.
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China aims for NEVs to become an important part of the energy storage system by 2030, providing tens of millions of kilowatts of regulation capacity to the power system.
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Owners of vehicles with purchase invoice dates on or after January 1, 2024 will only be eligible to buy out the battery packs after one year.
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Customers who buy a Nio vehicle including the battery pack on or after January 1, 2024, will only be able to permanently upgrade the standard-range battery pack to long-range one year later.
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Nio aims to add 1,000 battery swap stations and 20,000 charging piles in 2024 in China.
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Nio's 1,000th battery swap station added this year is in Xi'an, where it will hold Nio Day 2023 one day later on December 23.
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Nio has added 995 battery swap stations so far this year, and is just 5 more away from its goal of adding 1,000.
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