On December 14th, at the 2023 NIO Media Face to Face Event, NIO Chairman Li Bin said that the new energy battery swapping model is NIO's "moat" and NIO's layout in the energy cloud. In Li Bin's view, there are many similarities between battery swapping and cloud services. The network effect of battery swapping is strong and there is a long construction period. Additionally, one of the characteristics of battery swapping is to "use it yourself first, and then open it up to others.".