E-MOBILITY Battery swap service for e-vehicles
NIO, the Chinese electric car manufacturer, will offer a Battery-as-a-Service (BaaS) model in the future. The battery subscription is made possible by separating the vehicle and battery, making the power supply interchangeable and upgradeable.
Chinese car manufacturer Nio is providing Battery-as-a-Service (BaaS), enabled by vehicle-battery separation, battery subscription and the chargeable, swappable and upgradable batteries. NIO BaaS users can purchase a car without the battery. The battery price will neither be included in the vehicle sales invoice nor in the down payment and instalments of auto loan. Moreover, BaaS users can subscribe to battery packs of various capacity according to their needs and pay monthly. BaaS users are also entitled to NIO’s Power Swap and flexible battery upgrade services, as well as the national NEV subsidies and purchase tax exemption enjoyed by users who have purchased batteries.
Component separation for more options
The launch of NIO BaaS optimizes the balance between the purchasing cost and the using cost. With BaaS, both prices are lower than those of ICE cars in the same segment. At the same time, BaaS also presents a systematic solution to the long-existing challenges for EV penetration, including battery degradation, battery upgradability, and lower resale value.
Standardisation for success
BaaS is developed based on NIO’s battery swapping technologies and network with nationwide coverage in China, as well as well-received Power Swap services. Since the establishment, NIO continued its research and development of battery swapping technologies as well as deployment and construction of the service network. NIO has already obtained more than 1,200 patents related to battery swapping, built 143 Power Swap stations nationwide in China, and completed over 800,000 swaps for users. China recently established a first national electric vehicle battery swapping standard, which NIO developed together for China Automotive Technology & Research Center (CATARC) together with multiple car companies. The goal of this standard is to promote the development of battery swapping technologies and services.