Nio co-founder predicts big gains in sales, battery swap stations

Supply chain issues and COVID-19 restrictions in China slowed Nio's rapid growth in 2022, but even during an off year the Chinese EV startup's global sales jumped by more than a third. This year's target is much tougher: The Tesla rival aims to increase its volume by more than 60 percent to over 200,000, said Lihong Qin, who is one of Nio's co-founders along with William Li. Qin, who is the company's president while Li is CEO, has an even more ambitious goal when it comes to increasing Nio's network of battery swap stations in Europe and China. He shared Nio's plans for Europe, the United States and China in an interview with Automotive News Europe Managing Editor Douglas A. Bolduc late last month prior to the opening of the automaker's first dealership in Frankfurt.