https://wccftech.com/nio-battery-swap-free-program-continue/

Chinese electric vehicle manufacturer NIO (NYSE:NIO) has witnessed increasing popularity among industry watchers and investors as it ramps up operations in China and looks to expand its operations. The company's shares, traded on the New York Stock Exchange (NYSE) in the form of depository receipts have exhibited sporadic price movement as investors not only looked to cash in their gains following massive upward movements last months, but they also reacted to Palo Alto, California-based American electric vehicle manufacturer Tesla Inc's price cuts and other strategic decisions in the Chinese market.

Now, following reports in the Chinese press that it had canceled its free lifetime battery renewal offer for customers, NIO has denied the reports and confirmed that the renewal program will continue to be offered for the foreseeable future.