About 80 percent of the power supplied by Nio‘s chargers is used by other brands of EVs, with BYD models using 19.4 percent and Tesla 12.3 percent.
Nio (NYSE: NIO) has reached more than 20,000 charging piles in China, making it the automotive brand with the most chargers in the country, the company announced today on its mobile app.
These charging piles cover 306 cities in China, providing a cumulative total of 29 million charging services and reducing carbon emissions by 419,959 tons of carbon equivalent, according to the company.
Nio’s charging facilities include high-speed superchargers as well as destination chargers with slower charging speeds. As of today, the company has 1,957 supercharging stations in China providing 9,191 charging piles, as well as 1,450 destination charging stations providing 10,872 charging piles.
Nio’s charging piles are open to all brands of electric vehicle (EV) models, and about 80 percent of the power provided is used by other brands of EVs, according to the company.
BYD models use 19.4 percent of the power provided by Nio’s charging piles, second only to Nio models at 21.4 percent. This was followed by 12.3 percent for Tesla models.
Nio no longer continues to lose money on its charging business, one of the few businesses the company doesn’t lose money on, said William Li, its founder, chairman, and CEO, at the September 21 Nio IN 2023 innovation day event.
In addition to charging piles, the number of Nio’s signature battery swap stations continues to grow.
Nio has 2,110 battery swap stations in China, with a cumulative total of over 32 million services provided.
As of today, 77.9 percent of Nio owners can find a battery swap station within 3 kilometers of their home.
The company aims to see its number of battery swap stations in China reach 2,300 by the end of this year, with 1,000 of them being added this year.
“Nio will keep building Power Swap Stations to make recharging beyond refueling. With our rechargeable, swappable, and upgradable power system, we support users to travel in smart EVs without worrying about the distances to their destinations,” Shen Fei, senior vice president of Nio Power, said late last month.
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