Carmaker Nio has received approval to build charging stations as well as battery swap facilities in Europe. TÜV Rheinland in Shanghai has awarded the company with certificates for the necessary equipment, according to a statement by Nio. The company has shipped its first stations for battery exchange as well as charging stations to Norway. The Scandinavian country is expected to serve as an anchor market for an expansion in Europe (China.Table reported). Nio aims to install 4,000 battery-swapping stations worldwide by 2025, 1,000 of which will be outside China, Bloomberg reported. nib
Continue reading now
Get 30 days of free access to the Decision Brief to read these and more quality news every day.
Are you already a guest at the China.Table? Log in now