Mirattery
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Chinese investment bank CICC raises its Nio target price again, as it sees three benefits of BaaS
Nio recently launched its BaaS (Battery as a Service) battery rental service. Chinese investment bank CICC believes that this will improve the company's gross margin, thus injecting new momentum into its car sales and performance improvement.
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BaaS: What has changed with Nio's battery rental service?
Nio launched its long-awaited BaaS (Battery as a Service) on August 20, and the centerpiece of the launch was the two special "car invoices". For the first time, a Nio ES6 customer completed the purchase process of "buying a car without a battery".
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Nio launches BaaS battery rental service, brings car prices down by about $10,000
Chinese electric vehicle (EV) maker Nio today announced its BaaS (Battery as a Service) battery rental service, which eliminates the need for buying the battery for all Nio models and reduces the price of a car by at least RMB 70,000 yuan (about $10,000).
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Nio sets up battery asset company, CATL has taken a stake
The Nio-led battery asset management company, Wuhan Weineng Battery Asset Co. has been established on August 18, according to data provider Qichacha.
