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MIP in the News: China’s Nio to expand battery swap services to gain an edge on EV infrastructure

MIP Partner Shay Natarajan was featured in this CNBC article: China’s Nio to expand battery swap services to gain an edge on EV infrastructure

“Passenger car battery swap stations can cost around $500,000 to build, while a relatively basic charging station with two ports costs around $200,000 to $300,000, according to Shay Natarajan, a North America-based partner at Mobility Impact Partners, a private equity fund that invests in transportation.”

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