Nio and Geely Will Collaborate on Battery Replacement 🚘

Chinese electric car manufacturer Nio makes a difference with its battery replacement service. Users can replace their dead batteries in 3 minutes. Nio has partnered with fellow Chinese automotive giant Geely to offer this service. The two companies will set battery replacement standards and improve the network structure.

Nio Stands Out With Its Battery Replacement Service

Nio is one of China's largest electric car manufacturers. The company was founded in 2014 and listed on the New York Stock Exchange in 2018. Nio is considered one of Tesla's biggest competitors.

Unlike other manufacturers, Nio offers battery replacement services to its users. Thanks to this service, users can go to the nearest station and automatically replace their low-charge batteries within 3 minutes. Thus, it can continue on its way without waiting for charging time.

Nio has a total of 2163 battery replacement stations in China and has performed over 30 million replacements so far. The company continues its efforts to further expand this service.

Geely Invests in Battery Replacement

Geely is one of China's largest automotive groups. The group also owns brands such as Volvo, Lotus, Polestar, Lynk & Co. Geely is also assertive in the electric car market. The group aims to sell 2025 million electric vehicles by 5.

Geely was impressed by Nio's battery replacement service and decided to invest in this area. Geely announced in September 2021 that they aimed to establish 2025 thousand battery replacement stations by 5. However, after this statement, the group remained completely silent on the issue.

It is highly likely that Geely will use its developments in battery replacement for “ride hailing”, that is, transportation network services operating under its roof. Geely currently has two brands that produce electric vehicles with battery replacement options: Cao Cao and Livan. Cao Cao offers an Uber-like service and the vehicles used in this service are produced by Cao Cao Auto. Livan is a newly established electric vehicle brand.

Nio and Geely Will Collaborate on Battery Replacement

Nio and Geely announced that they are collaborating to develop the battery replacement service. The two companies will cooperate on issues such as determining battery replacement standards, supporting battery replacement technology and improving the network structure.

This collaboration will be beneficial for both Nio and Geely. Nio will increase the number and availability of battery swap stations. Geely, on the other hand, will be able to implement battery replacement technology more quickly and easily.

Battery replacement service eliminates charging time, one of the biggest problems of electric car users. This service can also contribute to the growth of the electric car market. Nio and Geely will continue their work to be pioneers in this field.