TECH - Nio CEO Likens Battery Swapping To Cloud Services From Amazon Microsoft Alibaba — But Says People Forget One Key Thing | Benzinga
Nio Inc (NYSE:NIO) CEO William Li addressed company employees on Monday, covering various aspects of the company, its strategy, and the broader electric vehicle (EV) landscape. Li emphasized Nio’s commitment to battery-swapping technology, distinguishing it from the prevailing industry reliance on charging solutions.
What Happened: During the address, Li remarked, “The qualifying round for the EV race is in its final stages, and our current layout and direction need to ensure that we have subsequent cards to play in the two most competitive years,” as reported by CNEVPOST.
Responding to inquiries about the potential dominance of fast charging over battery swapping, Li clarified that ...