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China's Geely to set up 5,000 battery swapping stations by 2025

Stock MarketsSep 26, 2021 05:05AM ET
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© Reuters. The Geely logo is seen at a car dealership in Shanghai, China August 17, 2021. Picture taken August 17, 2021. REUTERS/Aly Song/Files

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.

China's Geely to set up 5,000 battery swapping stations by 2025
 

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Comments (2)
Pat Mathieu
Pat Mathieu Sep 26, 2021 6:18PM ET
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Losing strategy
Pat Mathieu
Pat Mathieu Sep 26, 2021 6:18PM ET
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Assuming no major improvement in battery charging for the next 10 years
Pat Mathieu
Pat Mathieu Sep 26, 2021 6:17PM ET
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Battery swapping assumes that batteries won't get much better 10 years from now.
Howard Chambers
Howard Chambers Sep 26, 2021 6:17PM ET
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you are totally mssing the point. Battery swapping means you can take adavantage of emerging technology. ie. you can upgrade to the latest release, unlike the Tesla option of sitting with a degrading battery for years
 
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