Part 8/11:
Chinese EV manufacturer NIO is on the cusp of profitability with its battery swapping model. Although specific timelines for this achievement remain undisclosed, NIO is reportedly achieving record numbers of battery swaps daily. With the expansion of its swapping network and partnerships with other automakers, NIO stands to benefit significantly from the increasing acceptance of battery swapping as a solution to reduce charging times, solving a major pain point for consumers.