Securities Times e-Company News: On June 28, at the 2024 Solid State Battery Industry Ecological Circle Entrepreneurs Summit held in Suzhou, Jiangsu Province, Deng Suxiang, a senior expert in NIO's solid state batteries, stated that NIO's "battery swapping friend circle" is rapidly expanding in recent times. The user experience value brought by battery swapping is being recognized on a larger scale. It is worth noting that the battery swapping mode will accelerate the industrialization of solid-state batteries. Among them, the battery swapping mode can better monitor the health status of the battery and delay its lifespan, which is crucial for solid-state batteries. The battery swapping mode can experience the excellent performance of solid-state batteries in advance, which can be pushed to the market faster. The battery swapping mode can also be used to accumulate installation, operation, and testing data, providing support for scaling up. In addition, solid-state batteries can enhance the battery swapping experience in multiple ways. A higher energy density means that after battery swapping, you can travel longer distances, reduce the frequency of battery swapping, and also achieve lightweight battery swapping, making it easier. Better low-temperature performance, solving the pain points of users with severe power outages in winter. Higher security, enhancing user confidence and reducing security risks. Finally, solid-state batteries can allow for fast charging, reducing user waiting time. With the maturity of solid-state batteries, longer calendar lifespans ultimately lead to further reductions in battery rental rates.