GCC: NIO Power completes more than 500,000 EV battery swaps

[GRA]

https://www.greencarcongress.com/2020/06/20200602-nio.html

As of 26 May 2020, NIO Power has completed more than 500,000 EV battery swaps in China, becoming one of NIO’s most well-received power services.

Power Swap is at the core of NIO’s “chargeable, swappable, upgradable” user experience, alongside a comprehensive battery and vehicle e-powertrain inspection. The infrastructure also enables users to enjoy the benefits of the development of battery technology continuously, with the ease of upgrading to a higher capacity and better performance simply through swapping.

Nio’s battery swap is enabled by more than 500 patented technologies. The fully-automatic swap takes three minutes. . . .

As of 20 May 2020, 131 battery swap stations had been installed across 58 cities nationwide.

The Power Swap network concentrated in the Beijing-Tianjin-Hebei region, the Yangtze River Delta and the Pearl River Delta allows NIO users to enjoy a worry-free user experience in these three major economic zones, as with the G2 Beijing–Shanghai Expressway and the G4 Beijing–Hong Kong–Macau Expressway. . . .

 

[Anonymous]

Good to remember Tesla took $100M+ in credits from California for the same thing, except they built one station and did like two swaps before canceling the program.

https://www.youtube.com/watch?v=q9zpOjOZgbk

 

[GRA]

GCC:

NIO launches Battery as a Service (BaaS) in China; battery swap system

https://www.greencarcongress.com/2020/08/20200821-nio.html

Premium EV manufacturer NIO has launched Battery as a Service (BaaS) for customers in China. NIO BaaS users can purchase a car without the battery, making EVs more price competitive against existing powertrains, while also providing the flexibility to change battery capacity depending on their needs and pay accordingly.

In addition, BaaS also represents a systematic solution to the long-existing challenges for EV penetration, including battery degradation, battery upgradability, and lower resale value.

With the battery price not included in the vehicle sales price, nor in the finance payments, the costs are significantly lower to switch to an EV. Users who choose to purchase NIO cars with BaaS can benefit from RMB 70,000 (US$10,000) off the car price across all NIO models, and subscribe to a 70 kWh battery pack for only RMB 980 (US$142) per month.

Users who have not subscribed to NIO’s Worry-Free Service Plan need to pay a battery guarantee fee of RMB 80 (US$12) per month. NIO has achieved the homologation for vehicles to be sold without the battery and the first BaaS user has already completed the purchase process including finance, car insurance and vehicle registration. . . .

Recently, China’s first national electric vehicle battery-swapping standard, of which NIO took the initiative in drafting together with China Automotive Technology & Research Center (CATARC) and other OEMS, has been approved, promoting the development of battery-swapping technologies and services.

This is further enhanced with the 2020 policy of national NEV subsidies that favor battery-swapping technology. Electric vehicles costing over RMB 300,000 are now eligible for subsidies only if they have the capability of battery swapping.

Weineng Wuhan Battery Asset Co., Ltd., initiated by NIO, Contemporary Amperex Technology Co., Limited, Hubei Science Technology Investment Group Co., Ltd., and Guotai Junan International Holdings Ltd., will purchase battery packs and commission NIO to provide battery subscription services to users.

Will it happen here? If we want to get lots more people into BEVs soonest, this is the only way to get the price down to the necessary level for now, while eliminating degradation worries and throw-away car syndrome.