NIO new battery service

21 August 2020 | David Young

NIO launches battery as a service (BaaS) designed to make EVs more economic and flexible

NIO new battery service

NIO's vehicle battery swap system has options for upgradable batteries, with NIO BaaS offering a breakthrough in EV pricing to increase adoption.

Premium EV manufacturer NIO has launched Battery as a Service (BaaS) for customers in China. Now, NIO BaaS users can purchase a car without the battery, providing the flexibility to change battery capacity depending on their needs and pay accordingly. In addition, BaaS also represents a systematic solution to the long-existing challenges for EV penetration, including battery degradation, battery upgradability, and lower resale value.

Users who purchase NIO cars with BaaS can benefit from RMB 70,000 off the car price across all NIO models, and subscribe to a 70-kWh battery pack for only RMB 980 per month.

BaaS is based on NIO's battery swapping technologies and national network of 143 Power Swap stations and services. NIO has already obtained more than 1,200 patents related to battery swapping and completed over 800,000 swaps for users. Recently, China's first national electric vehicle battery swapping standard, of which NIO took the initiative in drafting together with China Automotive Technology & Research Center (CATARC) and other OEMS, has been approved, promoting the development of battery swapping technologies and services.

Source: NIO