Nio Battery Swap will be redundant with this latest UK innovation
$NIO Inc(NIO.US$ $Tesla(TSLA.US$ $BYD COMPANY(01211.HK$ $XPeng(XPEV.US$ The article reported that British telecom boxes are being transformed into electric vehicle charging stations. The green cabinets are a common sight on British streets.
There were nearly 54,000 charge points across the United Kingdom at the end of last year, according to figures quoted by BT from Zapmap. But the government wants to boost that number to 300,000 by the 2030s.
There were nearly 54,000 charge points across the United Kingdom at the end of last year, according to figures quoted by BT from Zapmap. But the government wants to boost that number to 300,000 by the 2030s.
My Take: This is an innovative way of using existing telecom boxes as EV charging points. It is much cheaper to install and likely makes Nio's battery swap station, which is expensive to build, redundant.
Source:
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GoldDragon : If it is still charging basis, how long will it take for each charge?
102332870 : u believe in UK? they won't be so poor now!
ZnWC OP 102332870 : The Transport Ministry plans to build 3,000 charging piles and 5,000 rechargeable parking spots in highway service areas. Some 21,000 new charging piles along China's expressways were added in 2023, according to Wang.
China promote NEV charging as the major infrastructure over battery swap
https://www.moomoo.com/community/feed/112036047552518?share_code=00WwYk
ZnWC OP GoldDragon : EV charging is lower cost, more efficient and sustainable.
Why major Automakers Aren't Even Considering Battery Swapping For EVs
https://www.moomoo.com/community/feed/111777553448966?share_code=00FyWN
152373639 : Its not just battery swap, its avoiding queues of people waiting for charging which could be hours long on a busy charging station. secondly fast charging reduces the life of battery. Battery swapping is backed by slow charging of batteries, repair/changing damaged cells and lower vehicle depreciation as EVs now are depreciating more than 35-40% in first two years of their use as on resale people suspect the battery being damaged by fast charges. Overall battery swap is the more sustainable solution for better battery utilization, lower vehicle depreciation, convenience in managing mass transport including long distance heavy vehicles and build a sustainable ecosystem around lithium or other mineral which would be in limited availability in the world and will finish one day. Extended battery life is key to the last point.
102544121 : Confirm NIO will lose. They don’t even sell in UK yet. Pui swap stations. This charging station gonna be everywhere soon
ZnWC OP 152373639 : The article highlighted 4 downsides of battery swap and 4 upsides of EV charging. Infrastructure needs to be built, which is a costly endeavor. Building a network of battery swap (BS) stations requires significant investment in land, building infrastructure, and technology. This is one of the reasons why Nio is still burning cash and unprofitable - imply that BS is unsustainable.
Fast charging is less costly and more practical than battery swapping
https://www.moomoo.com/community/feed/111509456814086?share_code=00WyY2
SoundOfMusic : Nio is committed to battery swap. it will own that market segment, almost a monopoly.
Both battery swap and charging will coexist. invest in what you believe or diversify in both.
Battery swap will not die. it has an energy storage angle.
I find it silly to put on a religious twist to battery swap and charging.
Winner takes all ZnWC OP : As soon as A-shares open, it's a big short hahaha
ICEsh00ter :
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