EV Magazine October 2022 | Page 113

NIO
SWAPPABLE BATTERIES

NIO

# 3

ONE IN , ONE OUT

William Li ’ s popular brand holds one of the highest market capitalisation figures in the industry . The Chinese business executive and entrepreneur has propelled the company to great success as it offers an innovative solution to battery charging . NIO cars operate on a system of swappable batteries , which alleviates the time wasted in charging a car on the side of the road or at a designated charging station . NIO is looking to cater for all drivers as it offers saloon EVs as well as SUV-style and one of the world ’ s fastest electric cars .
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EVMAGAZINE . COM [ Oct 2022 ] 113