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Chinese state buys Nio’s battery swap stations

ArenaEV
When Nio first began dotting the Chinese landscape with robotic battery swap stations, many dismissed the whole enterprise as an eccentric, money-burning vanity project. Conventional wisdom dictated that building huge drive-in mechanical vaults was a financial dead end – a capital incinerator bound to buckle under the weight of its own concrete. Rival carmakers took the easy route by telling… Read more…