China's Geely to set up 5,000 battery swapping stations by 2025
Reuters
Published Sep 26, 2021 05:00AM ET
BEIJING (Reuters) - China's Geely aims to set up 5,000 battery swapping stations for electric vehicles (EV) globally by 2025, as sales grow in the world's biggest vehicle market, the automaker said in a statement on Sunday.
A battery swapping station allows drivers to change car batteries to power the rides. Chinese automaker Nio (NYSE:NIO) Inc plans to have 4,000 battery swapping stations globally by 2025.
China is promoting EV-related infrastructure facilities, including charging stations and battery swapping stations.
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Written By: Reuters
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