Battery as a Service – Electric Cars

ES8 is manufactured by Chinese manufacturer NIO, a modern electric car that is in SUV format and has 7 seats. This is a premium electric car with a lot of space and would be attracting a significant portion of the electric car client base in China initially and hopefully worldwide.
The most interesting thing about this car is its capacity to swap batteries on the go. NIO is working on a business model that allows for cars to be sold with batteries as a rental or service included and it can be swapped when required.
This is the so-called BaaS ( Battery as a Service ) model which will allow for car price reductions and open up markets for clients with a lower buying threshold.

https://www.chinapev.com/ev-2/nio/nio-baas-business-will-be-released-on-august-20-buy-a-car-and-rent-a-battery/
https://en.wikipedia.org/wiki/NIO_ES8

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