Instead of the upfront cost of the battery, drivers buying one of Nio’s handful of smart and sleek electric cars who take up the “battery-as-a-service” (BaaS) option will pay a RMB 980 (about $A198) monthly fee that includes a 70kWh battery.
In return, they benefit from the ability to change a depleted EV battery for a charged-up one in a matter of minutes – a boon for those who are after the convenience of not having to wait for a battery to recharge, such as on a long distance trip.
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