The main reason why many Chinese and Norwegian consumers are choosing $NIO over any other Chinese EV maker, let alone any American or German EV marker, is because of their battery swap services.

Charging an EV is something most aren't interested in when they're commuting or traveling. Consumers are already used to filling up their vehicles fast. One reason why many are reluctant to switch to electric is the fact that they take longer to charge. Overnight charging can be convenient, but when traveling from SF to LA or other places that are far away, many would prefer to just fill up quickly and continue traveling to their destination.

$NIO customers love the convenience of the battery swap services and because of it, they continue to use it. It's why Nio is looking to build more battery swap stations throughout China.

When Nio expanded into Norway in late 2021, many of its foreign customers bought the vehicle in anticipation that they will soon open up the battery swap stations in the country.

$TSLA once had plans to open a battery swap station network. It received $295 million in green subsidies from 2012 to 2014 because regulators wanted to support Tesla's plans to build battery swap stations. In the end, Tesla benefited from the subsidies and didn't deliver the highly anticipated battery swap services to customers.

And in March 2021, Tesla denies that it has plans to even offer battery swap services.

As long as the other automakers delay or even dismiss plans to consider providing battery swap services to EV customers, Nio will continue to shine in the EV industry. If the rest of the industry wants their customers to be able to get their batteries swapped at a Nio battery swap station, I can see automakers reconfiguring their vehicle designs to where they're compatible with Nio's battery swap station's capabilities.