Chinese electric vehicle (EV) maker Nio Inc has launched a battery leasing service which will allow drivers to buy an EV without owning the ...
Chinese electric vehicle maker Nio Inc has launched a battery leasing service which will allow drivers to buy an EV without owning the battery pack - one of the most expensive EV components - thereby lowering the starting price of its cars.
The service, dubbed as"battery as a service", entails drivers paying a monthly rental fee for use of the batteries.The cheapest Nio car after subsidies is now an ES6 sport-utility vehicle priced 273,600 yuan without ownership of the battery pack, versus 343,600 yuan including the battery pack.
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