NIO Inc. reported that its battery‑swap network completed 1 million swaps during the Lunar New Year holiday period, with the highest single‑day volume of 177,627 swaps recorded on Sunday, February 22, 2026. The milestone was announced on February 23, 2026, and represents the company’s fastest‑ever weekly swap volume.
The company’s swap network now consists of 3,750 stations, an increase from the 3,641 stations reported earlier in the year. The expansion supports NIO’s Battery‑as‑a‑Service (BaaS) model, which delivers a subscription‑based revenue stream and reduces upfront vehicle costs for customers.
The record swap volume underscores the growing demand for NIO’s rapid battery‑swap service, a key differentiator in China’s competitive EV market. The high utilization during a peak travel period demonstrates the scalability of the network and reinforces confidence in the recurring revenue generated by the BaaS model, which is central to NIO’s path to profitability.
NIO plans to add 1,000 new swap stations in 2026 and to roll out fifth‑generation stations, further expanding coverage and improving service speed. The continued investment in infrastructure is intended to maintain the company’s competitive edge and meet the increasing demand for battery‑swap services.
Investors reacted positively to the announcement, reflecting confidence in NIO’s BaaS strategy and the scalability of its battery‑swap network. The record achievement signals strong user engagement and supports the company’s outlook for recurring revenue growth and eventual profitability.
The content on EveryTicker is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.