NIO in talks with several other electric vehicle manufacturers about licensing the battery swap technology, the Financial Times reported today.
NIO is in talks with Chinese and international vehicle manufacturers to open a network of battery exchange stations, the report quoted the company’s European president, Zhang Hui, as saying.
In the report, NIO wants to sell its battery swap system to other electric vehicle manufacturers to expand the use of battery swapping technology.
See also: Seeing potential of using battery swap to reduce the risk of fire in Electric Vehicles
The battery exchange system is seen as a solution to the low number of charging stations and the time to start the car. These two factors are seen as deterring many potential customers from switching to electric vehicles, the report said.
NIO executives have repeatedly said that their battery swapping system is open to implementation by other electric vehicle manufacturers as long as they are willing to stick to its battery specifications.
See also: Nio and Geely plan to build 24,000 battery swap stations across China by 2025
As of April 3, NIO had 888 battery exchange stations and 729 supercharging stations in China, according to CnEVPost data.
The NIO-owned supercharging station is open to other brands. A report released in early February showed that during the week of the Lunar New Year holiday, NIO charging stations provided 104,792 services, with 71.4 percent of the power used to service other electric vehicle brands.
