Securities Times e-Company News: On December 14th, during a face-to-face event with NIO Media, NIO founder and chairman Li Bin reiterated the importance of NIO's battery swapping system. He said that a rechargeable, interchangeable, and upgraded energy system is NIO's moat. At present, the amortization cost of building a battery swapping station is not high, and the battery swapping station can also participate in energy storage business in some regions. From this perspective, battery swapping business is not a burden for NIO. Li Bin said that NIO has been considering opening up battery swapping services to car companies such as Geely and Changan since the first day of doing so. Li Bin suggested calling on all car companies to study and explore which models under their umbrella are suitable for battery swapping and transformation. Li Bin revealed that on the morning of December 14th, he signed a battery swapping alliance business contract with a certain car company, further expanding his battery swapping circle of friends.