China's NIO making EV battery swapping work
- Magazine Article
- 19AUTP02_13
- English
Emergent electric-vehicle automaker
Swappable, leased batteries mean NIO can offer its EVs at a much lower up-front cost than other OEMs selling electric vehicles. NIO customers who opt to lease the battery reduce the cost of their EV by 100,000 RMB ($14,476 US). These ES8 buyers then pay a subscription fee, either 980 RMB ($142) per month or 10,800 RMB ($1,570) annually, to access NIO's battery swap stations and other “Power Express” services, like a public charging network and the use of NIO's Power Mobile charging trucks. A similarly priced subscription service will be available for buyers of the upcoming ES6 SUV EV.