Nio's Battery Swap Technology Is One Great Way In Producing More Jobs
I think Nio's battery swap technology is one great way to produce jobs. For those who don't know what is Nio -- Nio is a company that is currently specializing in producing luxury electric vehicles (EVs) for Chinese consumers in China's mainland only. Although Nio is only producing EVs for Chinese consumers, Nio so far had only listed its stock in the United States (surprisingly not yet in China). People like to compare Nio with Tesla and think that Nio is a Chinese Tesla, but I think Nio is uniquely different than Tesla besides the point that both of them are producing luxury EVs. Vaguely summing my gist, besides producing EVs, Nio is trying to promote a lifestyle that caters to Chinese consumers which Nio knows best -- this means besides selling luxurious EVs, Nio is probably trying to provide other luxurious venues that are complimentary with Nio EVs. Tesla is just concentrating on producing awesome EVs.
Back to the main point in which I had raised in the first paragraph. I think Nio's battery swap technology is great for producing more jobs! I imagine that it would require more jobs to produce even more EV batteries for the expansion of battery swap stations. As battery technology improves, Nio has to scale up newer types of EV battery output to fill up each battery swap station -- this means even more jobs. As consumers see that their EV isn't stuck with just one old battery, they can feel confident in getting out to buy an EV since they know their Nio will always be able to swap an improved battery into their EV each time they go to a battery swap station. As Nio set the standard for battery swap stations and battery swap technology, a newer chain of supply for battery swap technology would spring up which creates even more jobs. Each presence of a Nio battery swap station is like a permanent advertisement that drivers would see on the road, and so this could boost Nio's image in long term -- this could allow Nio to grow and prosper which creates even more jobs. I mean I could go on and on...
Disclaimer: I do invest a little bit of my money in Nio. Thus, I do have a favorable outlook (bias) when writing about Nio. Nonetheless, I believe Nio is a great EV automaker in the making, and this is why I have invested some of my money into Nio's stock.