Tesla officials refute battery-swapping report

US electric automaker Tesla said it has no plans to swap batteries in the Chinese market following a report by corporate data platform Tianyancha that it added new-energy vehicle battery-swapping facilities to its business.

A Tesla official said the company believes electric vehicle charging is the best way to power its vehicles, and that battery swapping is riddled with problems and not suitable for widescale use.

In the Chinese new-energy vehicle market, NIO is involved in the battery swapping business. The company's electric vehicles can be charged or swap batteries, which is faster.

NIO unveiled its second-generation battery swapping station in January, which it expects to deploy in April.