What if, instead of seeking out a charger and plugging in for half an hour, you could swap out your depleted EV battery for a new one in just five minutes? That’s the question asked by Nio, a 7-year-old Chinese electric car company with a network of more than 1,300 battery-swap stations for doing exactly that. However, the vast majority of these stations are in China, with 100 in Shanghai alone, serving customers who mostly live in apartments and lack the space to install a charger at home. Customers buy the car but lease the battery, with the monthly fee granting them access to the swap station network. By contrast, there are currently only 27 so-called Power Swap Stations in Europe, across Germany, Denmark, the Netherlands, Norway, and Sweden, but more are supposedly in the pipeline. Nio plans to expand into the UK by the end of 2024, but, just like alternative Chinese auto brand BYD, the US is not currently on Nio’s roadmap.