In August 2024, the EV maker Nio presented ambitious targets for its battery swap network in China. The company, which operates the largest battery swap network in the world’s largest EV market, closed 2024 with just under 3,000 battery swap stations and has opened over 500 since then. However, only this Monday Nio said its battery swap stations now cover more than 1,200 county-level regions across China. The announcement comes weeks after Nio‘s management warning that the target for 1,800-2,000 new battery swap stations in China won’t be met. As of Monday, Nio operates 8,272 charging and swapping stations, including 3,513 battery swap stations — 1,002 of them on highways — and 4,759 charging stations with 27,256 individual chargers.