Chinese EV maker Nio launches battery leasing service, eyes global market

  • 📰 Reuters
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 97%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

Chinese electric vehicle (EV) maker Nio Inc has launched a battery leasing service that will allow drivers to buy an EV without owning the battery pack - one of the most expensive EV components - thereby lowering the starting price of its cars.

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

chineas

Never to own a car or its components again

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Apple's stock market value tops $2 trillionJust two years after Apple became the first publicly listed U.S. company with a $1 trillion stock market value, the iPhone maker has now topped $2 trillion $AAPL Apple should donate some of its massive fortune to syrian people, the father's land of steve jobs. His syrian bio-parent wad poor to give him away. Apple owns Bill Gate a really big favor when steve's early Apple was in a serious drought condition. Like hell they should - they have the US government suppressing other tech rivalries for them How much do they pay in taxes?
Source: Reuters - 🏆 2. / 97 Read more »

Millions of Chinese investors rushed into July's stock market rallyChina reported the largest number of new stock investors in five years in July, as millions of individuals rushed into a buoyant share market, boosting trading turnover and brokerage earnings. China must be now the richest country, looks like they surpasses the 1% ers according to my math!!!
Source: Reuters - 🏆 2. / 97 Read more »