Regarding megawatt fast charging technology, Li Bin, founder, Chairman, and CEO of NIO, stated that there are too many advantages to battery swapping; it is not just one problem that needs solving, as battery swapping represents a new type of Energy Internet, where battery swapping stations act like cloud Servers. The issues they need to address far exceed just charging speed. With such fast charging, how do we solve the problem of Electrical Utilities capacity? If we consider a memory turnover, we are talking about Storage Battery. From the basic logic of physics, a Battery would be at least doubled in capacity, as you charge before discharging. You charge first, and assuming you haven't added memory, you will have an Electrical Utilities capacity issue along with an instantaneous impact on the grid, which is impossible. If you add storage in between, you introduce an additional layer of power loss, which is quite troublesome. "We never think of charging and swapping as opposites; why should we oppose them? Don't forget, NIO has the highest capacity of 640 kilowatts for liquid-cooled supercharging piles, which is still the most in the market. We offer fast charging, battery swapping, and upgradeability; the role of upgradeability is huge, as it can save a lot of equipment resources. Being chargeable, swappable, and upgradeable is the ultimate solution." (Sina Technology)