Industry dynamics

Nio opens new line under Power Up Plan, first in past two months

Publishtime:1970-01-01 08:00:00 Views:26

The line, which connects Taiyuan and Yuncheng in Shanxi province, covers more than 600 kilometers and is the third Nio has opened under the Power Up Plan this year.

Nio (NYSE: NIO, HKG: 9866) today announced the opening of a new route under the Power Up Plan in Shanxi province, north China, the first in the past two months and the third this year.

The line connects the cities of Taiyuan and Yuncheng in Shanxi and covers a distance of more than 600 kilometers, with four battery swap stations, two supercharging stations, and four destination charging stations.

The route is in China's Yellow River basin, where Nio says users can experience the unique regional culture.

(Image credit: Nio)

During the Beijing Auto Show in late September 2020, Nio officially announced the Power Up Plan, which aims to deploy 20kW destination DC charging stations in popular travel, leisure and business destinations to form a nationwide destination charging network.

Under the plan, Nio's ultimate goal is to deploy more than 30,000 destination DC charging piles in China.

To achieve this goal, Nio will provide a total of RMB 100 million in construction and operation subsidies to all partners who are willing to share resources and waive service fees for Nio customers, averaging RMB 1,000 per charging post per year for three years.

On January 14, Nio announced the opening of the western part of Zhejiang province in eastern China under the Power Up Plan, connecting the well-known West Lake and Qiandao Lake. This is the first one under the plan this year.

On January 24, Nio opened a new line in the northern part of Jiangxi province, the second one this year under the program.

Data monitored by CnEVPost shows that as of March 20, Nio has 864 battery swap stations and 706 supercharging stations providing 3,932 charging piles.