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    PENN Entertainment stock rating reiterated at Market Outperform by JMP – Investing.com

    PENN Entertainment Stock Rated a Market Outperformer by Experts

    Here’s how NJ’s once-vibrant nightclub scene was born and why it died – Bergen Record

    The Rise and Fall of New Jersey’s Once-Vibrant Nightclub Scene: What Happened?

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NIO Executive Claims that Battery Electric Vehicles Charge Twice as Fast as Extended-range Vehicles

October 8, 2023
in Technology
NIO Executive Claims that Battery Electric Vehicles Charge Twice as Fast as Extended-range Vehicles
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On October 9th, Shen Fei, the Senior Vice President of NIO Power, discussed the supplementary power solutions for battery swapping and charging on Weibo. He also shared data indicating that the charging time for extended-range vehicles is twice as long as battery electric vehicles.

Shen Fei stated that battery swapping is an unbeatable and far ahead solution for long-distance travel in electric vehicles, saving a lot of time compared to charging. The images he shared show that during the long holiday period with a significant increase in the number of battery swaps for long-distance travel, NIO users’ average total duration for battery swapping (from placing an order 200 meters away from the swap station to completing the swap, including waiting in line) is almost equivalent to normal times, at around 9 to 10 minutes; the volume of high-speed battery swaps is about four times higher than usual, but the total duration remains within 12 minutes.

In addition, he specifically mentioned the comparison of charging time between extended-range vehicles and battery electric vehicles. He stated that excluding the time for ordering, scanning, plugging in and settling the payment, queuing, encountering problems with changing stations, only considering the duration of pure charging from start to finish, NIO users take about 30 to 40 minutes using NIO‘s own charging stations; whereas several mainstream extended-range vehicles take 50 to 60 minutes for pure charging on NIO‘s stations.

SEE ALSO: NIO Offers Free Battery Swapping on Highways During Labor Day Holiday

The data shows that NIO‘s battery swapping volume during the double holiday reached a new high. On October 5th, there were 78,233 battery swaps in a single day, including 25,021 high-speed swaps.

With the official launch of the G42 Hushan Service Area Battery Swap Station on September 30th, NIO has accumulated a total of 1931 battery swap stations nationwide, including 572 high-speed swap stations (as of October 2nd), forming a high-speed swap network covering 6 vertical and 4 horizontal lines in 8 major urban clusters. It is reported that the construction of this high-speed swap network will be further intensified and continue to operate. Their goal is to complete the construction of a high-speed swap network covering 9 vertical and 9 horizontal lines in 19 major urban clusters by 2025.

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