Nio Transfers Wuhan Battery Swap Assets to State-Owned Partners
Nio Power, Nio’s EV energy services arm, transferred Wuhan battery swap station assets to state-owned capital partners, while keeping responsibility for professional operation and technical management. The swap network has enabled 120 million battery swaps and 200 million charging/swapping services, expanded to 800+ stations across 25 provinces via 40+ state-owned platforms. Nio Power posted its first quarterly profit in Q4 2025 and achieved rising revenue in Q1 2026.