A NIO EP9 electric car is displayed at its store in Beijing, China August 20, 2020. REUTERS/Tingshu Wang
The service, called “battery as a service” , entails drivers paying a monthly rental fee for use of the batteries. “We believe with BaaS, more customers of gasoline cars will consider electric vehicles,” Nio’s chief executive William Li told reporters. Li also said the firm hoped to enter some international markets from the second half of next year starting with some European countries. He added the firm aimed to enter more markets from 2022.
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Never to own a car or its components again
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