EV maker Nio to build 1,000 battery-swap stations in China this year

EV maker Nio to build 1,000 battery-swap stations in China this year

FILE PHOTO: A logo of the electric vehicle maker NIO is seen at its store in Beijing, China August 20, 2020. REUTERS/Tingshu Wang

Chinese electric vehicle (EV) startup Nio Inc plans to build 1,000 battery-swapping stations in China in 2023 to bring the total number of such facilities to 2,300 by year-end, its Founder and Chairman William Li said on Tuesday.