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

Stock Markets41 minutes ago (Sep 26, 2021 05:05AM ET)

(C) 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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