Nio (NIO) Adds 1,000 Swap Stations as Shares Jump on Profit Milestone
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Chinese electric vehicle maker Nio Inc. (NIO) is set to add 1,000 battery swap stations in 2026, celebrating its 100 millionth battery swap milestone. CEO William Li emphasized the service's acceptance among EV drivers in China. Nio's network now totals 3,729 stations, allowing drivers to swap batteries in about three minutes. Following this announcement, NIO shares surged 7.23% to close at $5.04, as the company anticipates its first-ever quarterly adjusted operating profit.
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