At today’s China Electric Vehicle Hundred People Forum, NIO Senior Vice President Shen Fei stated, “The benefits of integrated charging and swapping are obvious for users. However, the industry underestimates the advantages for the sector. Integrated charging and swapping deserve more investment than charging stations.”
He mentioned that the investment in battery swap stations is three times that of charging piles. However, the energy output is about 3.5 times greater. This means that for every million invested, the returns are better. He believes it is a more worthwhile investment. Shen Fei also pointed out a neglected aspect: the energy storage of swap stations. For example, storing electricity at night and supplying it to users during the day can create a significant price difference. This could lead to greater profits. With over 3,000 swap stations each year, the revenue could exceed 200 million. Additionally, Shen Fei addressed some doubts. He noted, “It seems that only NIO is doing battery swapping.” He clarified that there are over 4,000 swap stations nationwide. NIO has built more than 3,000 of them, indicating that others have built over 1,000 as well. Many are involved in this sector.
Shen Fei stated that the company plans to open its network. First, it will open standard battery swap stations to competitors. The company collaborates with various enterprises. More companies will join the battery swap network. Second, the network will also open to more automakers. It will share construction and other aspects with partners. Since last year, more partners have invested in battery swap stations.