<div id="readability-page-1"><blockquote><ul><li>Over the past 11 years, Nio has invested over RMB 18 billion ($2.6 billion) in charging and battery swap infrastructure.</li><li>Nio is about to start large-scale construction of its fifth-generation battery swap stations, and Firefly users will soon be able to access battery swap services.</li></ul></blockquote><figure id="attachment_136428"><img src="https://imageproxy.pbkrs.com/https://cdn.cnevpost.com/wp-content/uploads/2026/02/2026020902263055.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="1600" height="900" original-src="https://imageproxy.pbkrs.com/https://cdn.cnevpost.com/wp-content/uploads/2026/02/2026020902263055.jpg"/><figcaption id="caption-attachment-136428">(Nio founder, chairman, and CEO William Li (center, holding phone) celebrates the company's 100 millionth battery swap service milestone with Nio owners, partners, and his team. Image credit: Nio)</figcaption></figure><p>Nio Inc (NYSE: NIO, HKG: 9866) has set its next goal to achieve profitability in its power business, following the milestone of completing its 100 millionth battery swap service.</p><p>The company will continue to enhance the commercial operational capabilities of its charging and battery swap network, laying a solid foundation for profitability in the business, said William Li, Nio's founder, chairman, and CEO, in an open letter on Monday.</p><p>Nio reached the cumulative 100 million battery swap service milestone on February 6, 2,819 days after its first swap service.</p>    <div>        <p><span>Join us on </span>            Telegram            <span> or </span>            Google News        </p>    </div><p>The milestone not only marks a significant achievement for Nio Inc but also signifies that the battery swap model has gained large-scale validation from users and the market, Li said in the open letter published on the company's mobile app on Monday.</p><p>&#34;Standing at this new starting point of 100 million battery swap services, we are more determined than ever to pursue what we believe in,&#34; he said.</p><p>In 2026, Nio plans to build 1,000 new battery swap stations, Li said, reiterating the target mentioned in a January 1 live video broadcast.</p><p>Nio is about to commence large-scale construction of its fifth-generation battery swap stations, and Firefly users will soon enjoy convenient battery swap experiences, Li said.</p><p>The Firefly sub-brand launched its first model on April 19, 2025, allowing users to purchase vehicles through a BaaS (Battery as a Service) plan, though battery swap is not yet supported.</p><p>Over the past 11 years, Nio has invested over RMB 18 billion ($2.6 billion) in charging and battery swap infrastructure, securing more than 2,100 patents, Li noted.</p><p>Reaching the 100 million battery swap milestone signifies the business has validated its journey from concept to large-scale operation, Li said, adding that daily battery swap service volumes have surpassed 100,000.</p><p>Battery swap stations are also becoming integral to new power systems, alleviating grid pressure and enhancing energy utilization through grid interaction, he said.</p><p>Li emphasized that battery swap stations not only recharge vehicles but also provide new capabilities for urban energy systems.</p><p>On February 5, Nio issued a profit forecast, anticipating its first quarterly profitability under both non-GAAP and GAAP standards in the fourth quarter of 2025.</p>    <div>        <div>            <p><img width="768" height="430" src="https://imageproxy.pbkrs.com/https://cdn.cnevpost.com/wp-content/uploads/2025/02/2025021003511987-768x430.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://cdn.cnevpost.com/wp-content/uploads/2025/02/2025021003511987-768x430.jpg"/>                            </p>        </div>        <div>            <p>Nio's swap stations in Shanghai close to profitability, CEO says</p>            <p>Nio now has 183 battery swap stations in Shanghai, providing more than 9,000 services per day.</p>                    </div>    </div>    <p>($1 = RMB 6.9341)</p>                                                                                </div>

09866

515030

DRIV

516380

<p>Nio Inc. aims to enhance profitability in its power business after achieving a milestone of 100 million battery swap services. The company has invested over RMB 18 billion ($2.6 billion) in charging and battery swap infrastructure over the past 11 years. Nio plans to construct 1,000 new battery swap stations by 2026 and is set to begin large-scale construction of its fifth-generation stations. CEO William Li highlighted the importance of battery swap stations in urban energy systems and anticipates the company's first quarterly profitability by Q4 2025.</p>

- Nio has invested over RMB 18 billion ($2.6 billion) in charging and battery swap infrastructure over 11 years and plans to build 1,000 new battery swap stations in 2026.  
- The company recently celebrated reaching its 100 millionth battery swap service milestone, which showcases the large-scale validation of the battery swap model.  
- Nio aims to achieve profitability in its power business by enhancing its commercial operations and has forecasted its first quarterly profit by the fourth quarter of 2025.

Nio to enhance power business operations for profitability, says William Li