Shanghai and Hefei will introduce financial incentives for battery swap stations starting April 1, 2025, a move that is expected to strengthen the adoption of battery-swapping technology, particularly benefiting electric vehicle maker Nio.
Shanghai’s newly announced policy will provide a 40% investment subsidy for swap stations that accommodate multiple vehicle brands, while those limited to a single brand will receive a 20% subsidy.
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Additionally, energy supplied at these stations will be subsidized, and taxi drivers who primarily use battery swapping will be eligible for a monthly incentive. The policy will be in place for five years.
Hefei, located in Anhui province, has also introduced a subsidy program, offering up to RMB 10,000 (€1,260) for battery swap-compatible vehicle purchases. While details on implementation remain limited, the initiative aligns with support for Nio, which operates two manufacturing plants in the region.
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With 3,154 battery swap stations across China, including 183 in Shanghai, Nio remains the dominant player in the segment. While other companies, such as CATL, have entered the battery-swapping space with a focus on the taxi industry, the latest incentives are expected to reinforce Nio’s position in the market.
Source: cnevpost.com