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China’s Geely intends to set up 5,000 battery swapping stations for electric vehicles (EV) worldwide by 2025, as sales continue to increase in the country.
A battery-swapping station permits drivers to change car batteries to power the rides.
Chinese automaker Nio Inc is preparing to have 4,000 battery swapping stations worldwide by 2025.
Geely Auto currently targets 3.65 million annual sales by 2025. Among the automaker’s 2025 target, electrified vehicles will account for 30% or more than 1 million vehicles annually.
