Nio’s ambitious battery swapping business in China could break even by the end of 2026, according to a new assessment of the electric vehicle (EV) brand’s business by Chinese brokerage Western Securities. This would require Nio to conduct an average of 61 battery swaps per day per station, something the brokerage’s analysts believe is possible.
Subscribe to Automotive World to continue reading
Sign up now and gain unlimited access to our news, analysis, data, and research
Already a member?
