Shanghai (ZXZC)- NIO has revised the target it set for its battery swapping network to be deployed in 2023.

Under the revised goal, which NIO announced today through its Twitter-like Weibo account, NIO aims to newly construct 1,000 battery swap stations this year, resulting in a cumulative volume of over 2,300 stations by the end of 2023.

Photo credit: NIO

Of the power swap stations to be deployed this year, around 400 will be located at expressway rest stops and the entries to expressways, and the other 600 will be mainly built in urban areas of the third-/fourth-tier cities and counties where NIO’s power swap stations have not tapped, but a certain user base has already established, said William Bin Li, founder, chairman, and CEO of NIO.

He also disclosed that the volume production of NIO’s Power Swap Station 3.0 is being well underway and a large-scale production can be expected in April this year. Staring June 2023, NIO will deploy battery swap stations at a faster pace of 120-150 per month.

The latest target revision came after NIO announced last year that it planned to newly build 400 battery swap stations and 7,000 charging piles in 2023, indicating the company intensified expansion of its power network.

By the end of Jan. 2023, NIO had deployed across China a total of 1,313 battery swap stations, 348 of which are along expressways.