Nio BaaS
Nio says over 70% of its car buyers have opted for BaaS battery rental since Mar
Nio made significant changes to its BaaS service on March 14, making it easier for car owners to buy out batteries while lowering the cost of monthly rentals.
Nio's battery asset operator Mirattery sees asset size exceed 10 GWh
Of that 10 GWh of battery assets, they contain more than 17,000 tons of nickel, more than 6,300 tons of cobalt and more than 5,700 tons of lithium.
Nio revamps BaaS, a key car-buying option for reducing initial costs, amid fierce price war
Nio has dramatically restructured its BaaS battery rental option in an attempt to make its cars more attractive in the face of fierce price competition, though emphasizing that it's not a response to the ongoing price war.
Nio to unveil strategy on long-life batteries, upgrade of BaaS service on Mar 14
Nio's BaaS (battery as a service) service will be upgraded and the company will hold a user communication session following the announcement of the strategy.
Nio allows Chinese owners of cars purchased on its BaaS model to buy out battery
Owners of vehicles with purchase invoice dates on or after January 1, 2024 will only be eligible to buy out the battery packs after one year.
Nio responds to why it will allow users to opt out of BaaS plan
As of now, the number of BaaS users who want to opt out of the plan and buy the battery is extremely small, Nio said.
Nio to allow users who have opted to rent a battery to switch to buying one
For those who initially chose to purchase a car under the BaaS option, Nio will offer them an option they can regret.
Nio's battery asset operator raises $62.62 million through ABN offering
This allows Mirattery to establish a direct financing channel in the Chinese interbank market, providing a boost to the further development of its BaaS service system, it said.
Nio's BaaS model could become mainstream option for battery swap players, says CITIC Securities
CITIC Securities expects China to add more than 10,000 battery swap stations a year by 2025, bringing the total to more than 30,000.
Opinion
Nio BaaS battery swap upcoming disruptor within proven disruptive EV segment
Soon Investment World will realize there is a major disruptive product (BaaS Battery Swap) within its own proven existing EV disruptive product.
