Nio Power will build a new battery swap station manufacturing facility in Wuhan, targeting an annual capacity of more than 1,000 battery swap stations.

Nio (NYSE: NIO) today unveiled its infrastructure progress and plans at its Power Up 2024 event in Wuhan, Hubei province in central China.

The electric vehicle (EV) maker unveiled its Power Up Counties program, with a goal of having its charging network cover all county-level administrative regions in China by June 30, 2025.

Nio aims to have its battery swap station network cover all of the more than 2,300 counties in 27 provincial-level administrative regions by December 31, 2025.

As of today, Nio has 2,480 battery swap stations in China, as well as 2,322 supercharging stations with 10,577 charging piles and 1,627 destination charging stations with 12,432 charging piles.

Nio announced at the Nio Day 2023 event late last year that it aimed to add 1,000 battery swap stations in China in 2024.

However, Nio founder, chairman, and CEO William Li hinted last month that the goal could be delayed.

Nio announced today that its power arm, Nio Power, will build a new 20,000-square-meter battery swap station manufacturing base in Wuhan, targeting an annual capacity of more than 1,000 battery swap stations.

The company has two other factories assembling battery swap stations in Kunshan, Jiangsu province and Hefei, Anhui province.

Here's CnEVPost's live text update of the event, with the latest at the top.

Nio announces Power Up Partners, looking for partners to work together to build charging and battery swap facilities to speed up infrastructure development.

Nio's Power Up Partners program saw the first partners sign up.

Nio unveils portable car-to-car charger with up to 40 kW, a maximum output voltage of 1,000 V and a conversion efficiency of 95 percent.

Nio announced Power Up Counties with a goal of having Nio's charging network cover all counties in China by June 30, 2025.

Nio aims to have its battery swap station network cover all of the more than 1,200 counties in 14 provincial administrative regions by June 30, 2025.

The company aims to have its battery swap station network cover all of the over 2,300 counties in 27 provincial administrative regions by December 31, 2025.

Starting in 2026, Nio will expand the coverage of its battery swap station network to more areas to cover more than 2,800 county level administrative regions.

Nio Power will build a new battery swap station manufacturing center in Wuhan, covering an area of 20,000 square meters, with a target battery swap station production capacity of more than 1,000 units per year.

Nio Power's new headquarters is located in the Wuhan Optical Valley Digital Economy Industrial Park.

On August 20, the first Nio 4th generation charging and battery swap station in Wuhan went online. To date, Nio Power has 89 battery swap stations and 882 public charging piles in Hubei province.

Nio may see delay in 2024 swap station buildout target, 3rd swap station plant to open in Sept