Nio Eyes Expanding Battery Swap Program to Supercharge NIO Stock

Nio (NYSE:NIO) believes battery swapping could be the preferred charging source of the future, and it’s putting its money where its mouth is. One of the problems of battery swapping is that you need a standardized battery. To address this, Nio has partnered with other Chinese electric vehicle (EV) companies, including Changan, Geely (OTCMKTS:GELYF), Chery and JAC.“Swapping right now is mainly driven by Nio. Of course, Nio found out this is an ecosystem,” said CLSA Deputy Head of Research Ding Luo. “If only ...