NIO shares strengthened on Monday after the Chinese car power company said by the end of 2025 it planned to add 3,700 battery-powered stations, which would provide 4,000.

An exchange channel is where EV drivers go to exchange their batteries immediately, rather than waiting for a charge.

A typical electric car takes about eight hours to charge from empty to full, according to UK charging company iPod Point.

The company puts charging stations first, its president and founder Qin Lihong told reporters on Friday.

The NIO recently sold for $ 45.97, up 1%. We have dropped by 27% in the last six months amid concerns that excitement about electric cars has driven stocks higher.

In other company news on Monday, the UNO named Yu Long as its independent director. He or she will be the chairperson of the board's business appointment and management committee.

Long is the founder and managing partner of BAI Capital and a member of the management committee in Gutersloh, Germany, the Bertelsmann newsgroup. He was formerly the chief executive of the Bertelsmann China Corporate Center.