China's Geely to set up 5,000 battery swapping stations by 2025

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China's Geely to set up 5,000 battery swapping stations by 2025
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China's Geely (GEELY.UL) aims to set up 5,000 battery swapping stations for electric vehicles (EV) globally by 2025, as sales grow in the world's biggest vehicle market, the automaker said in a statement on Sunday.

A battery swapping station allows drivers to change car batteries to power the rides.

Chinese automaker Nio IncChina is promoting EV-related infrastructure facilities, including charging stations and battery swapping stations.More from ReutersSubscribe for our daily curated newsletter to receive the latest exclusive Reuters coverage delivered to your inbox.

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