NIO was founded in Shanghai, China in 2014, and focuses […]
September 4, 2020
NIO was founded in Shanghai, China in 2014, and focuses on e-mobility. The first car model was revealed in 2016, the EP9, an electric-powered, two-seat sports car.
Since then NIO sold over 50,000 cars, primarily in China. Interestingly, they also provide a sophisticated battery-swap infrastructure, offering a fully charged battery within 3 minutes, so far at over 140 stations.
Because NIO offers premium cars, and to help adoption and sales, they are now planning a battery rental service called BAAS (Battery as a Service), in the process reducing the car prices significantly, by about $10,000.
Surely, battery rental will very likely help to continue power more record sales, the company accomplished during the past months, even during a difficult time due to the coronavirus pandemic.
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