BEIJING (Reuters) - China's Geely 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 Inc plans to have 4,000 battery swapping stations globally by 2025.
China is promoting EV-related infrastructure facilities, including charging stations and battery swapping stations.
(Reporting by Yilei Sun and Brenda Goh; Editing by Clarence Fernandez)
This article has been provided by a DearWallstreet contributor. All content submitted by this author represent their personal opinions, and should be considered as such for entertainment purpose only. All opinions expressed are those of the writer, and may not necessarily represent fact, opinions, or bias of DearWallstreet.