NIO considers licensing electric car battery swap tech

April 05, 2022
NIO considers licensing electric car battery swap tech

According to a Financial Times report, NIO is in talks with peers about licensing its battery swapping technology

This move represents the company’s strategy to win over petrol-driving motorists in Europe. Hui Zhang, NIO’s European president, announced conducting talks with Chinese and international car groups to open a network of charging stations. The company forecasts that the number will rise from 800 to 5,000 globally by the middle of the decade. It aims to have 1,000 swapping stations outside China by 2025. It also targets an expansion in Europe, one of the most competitive EV markets.

NIO is the only company out of 50 working on battery swapping in China that has commercialized the system for cars to date. The battery price accounts for more than 1/3 of the value of a car. By removing the battery from the car’s costs, NIO hopes customers will be able to have access to vehicles far more cheaply.

The news comes after Friday, April 1, when NIO reported vehicle delivery figures. The EV maker said it delivered 9,985 vehicles for March, up 37.6% from a year ago. The overall deliveries included 163 ET7s, NIO’s premium smart electric sedan. In Q1, NIO deliveries grew 28.5% from a year ago to a quarterly record of 25,768 vehicles.

At the moment of writing, NIO stock price was trading more than 1% higher.


This information prepared by is not an offer or a solicitation for the purpose of purchase or sale of any financial products referred to herein or to enter into any legal relations, nor an advice or a recommendation with respect to such financial products.

This information is prepared for general circulation. It does not have regard to the specific investment objectives, financial situation or the particular needs of any recipient.

You should independently evaluate each financial product and consider the suitability of such a financial product, by taking into account your specific investment objectives, financial situation or particular needs, and by consulting an independent financial adviser as needed, before dealing in any financial products mentioned in this document.

This information may not be published, circulated, reproduced or distributed in whole or in part to any other person without the Company’s prior written consent.

Past performance is not always indicative of likely or future performance. Any views or opinions presented are solely those of the author and do not necessarily represent those of

Recently Added

Most Affected Instruments

nio chart