China’s Geely to set up 5,000 battery swapping stations by 2025 By Reuters
© 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:) 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.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
