Nio's battery swap stations provided a total of 871,477 services from February 8-18, with a peak of 90,199 services in a single day.

(Image credit: Nio)

Nio (NYSE: NIO) has released a travel report for the Chinese New Year holiday, showing some interesting data about owners and about its energy replenishment system.

During the holiday, a battery swap station located at the Jiasao South service area on the G1522 Changshu-Taizhou Highway provided 195 services on its busiest day, according to data released by Nio yesterday.

It was followed by a battery swap station at Dahuai service area on the G15 Shenyang-Haikou Highway with 192 services, and a station at the same highway's Fu'an service area ranked third with 184 services.

Nio is currently installing third-generation battery swap stations with a maximum single-day service capacity of 408. The company is expected to begin installing fourth-generation stations in April, which will increase the capacity to 480 services per day.

The just-concluded Lunar New Year holiday was February 10-17, and the days before and after the holiday are usually the peak travel period. Nio's travel report covered the period from February 8-18.

As of February 20, Nio had 2,375 battery swap stations in China, 774 of which are located along highways, according to data monitored by CnEVPost.

Nio plans to add another 1,000 battery swap stations in China in 2024, bringing the total to more than 3,310.

During February 8-18, Nio's battery swap stations provided a total of 871,477 services, according to its report.

The peak number of services on a single was 90,199, up 44.65 percent year-on-year, Nio said. This means that on average, each battery swap station provided about 38 services on the busiest day.

Battery swap stations located along highways provided 308,646 services from February 8-18, an average of 11,420 more services per day compared to last year's Spring Festival travel rush, Nio said.

The number means that stations located along highways provided an average of about 400 services each from February 8-18, or an average of about 36 per day.

From February 8-18, Nio's battery swap stations located along highways saved vehicle owners about RMB 9.26 million yuan ($1.3 million) in service fees, it said.

Nio owners who used battery swap stations along Chinese highways were exempt from service fees in that period, but were required to pay for electricity, according to the company's pre-holiday announcement.

Nio's battery swap fee consists of two parts, including a service charge and an electricity charge. The service fee is usually in the range of RMB 30 to RMB 50 per service. Electricity is usually around RMB 1.5 per kWh and varies from region to region.

Nio owners who used the battery swap stations located along highways took an average of 10 minutes and 31 seconds from placing an order, queuing up to completing the service, a decrease of 6 minutes and 26 seconds compared with last year's Chinese New Year holiday, the company said.

Nio owners drove a cumulative total of 267,650,968 kilometers and 7,470,586 hours between February 8-18, reducing carbon emissions by 17,595 tons, according to its report.

Owners drove 63,806,676 kilometers and a total of 730,219 hours using Nio's assisted driving feature.

Nio allows owners to temporarily upgrade their 70/75-kWh standard range battery packs to 100-kWh long range and also allows owners with long-range battery packs to share their 100-kWh packs.

From February 8-18, Nio offered 20,625 battery pack upgrades, with 12,190 owners sharing their 100-kWh packs.

($1 = RMB 7.1919)

Nio may launch new variants with shorter ranges for existing models, regulatory filing shows