On Friday, Qin Lihong, the president of Chinese electric vehicle maker Nio Inc said, it plans to have 4,000 battery swapping stations globally by 2025.

Nio, which makes premium electric cars, aims to have 700 battery swapping stations by the end of this year.

A battery swapping station allows drivers to change the battery in their cars to power the rides.

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Tags: battery swapping stations, China, Chinese, electric cars, electric vehicle maker, Nio Inc, premium, president, Qin Lihong