NIO's power battery exchange system operates independently
Aug 18,2020.
NIO's power exchange system operates independently
The NIO battery rental plan (BaaS) will be released on August 20. The newly established battery asset management company, which is the main body of BaaS product operation, may appear at the same time.
In the previous earnings conference call, Li Bin, the founder of Weilai Automobile, said that the innovative business model of separation of car and electricity has made significant progress, and the first BaaS (Battery as a Service) model vehicle has also been completed. Process verification of insurance, loan, and licensing.
According to media reports, the battery asset management company is currently seeking financing, and CATL has clearly expressed its investment intentions. In addition, Weilai will also introduce investment from a large energy fund for the battery asset company. However, neither Weilai nor CATL have commented on this matter.
As of May 26, 2020, NIO Power has accumulated more than 500,000 power exchange orders. This shows that power exchange has become one of the innovative energy supplement methods that Weilai users are keen on.
NIO's battery asset management company provides services for the separation of vehicles and electricity, which is conducive to further enhancing its market competitiveness. With the increase in its electric vehicle sales and the increase in the frequency of battery swapping modes, BaaS is expected to become a new source of income for NIO. At the same time, it is also conducive to NIO's deployment of echelon utilization and further exert the remaining value of power batteries.
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