Nio to become largest shareholder in its battery asset management JV
Nio will become the largest shareholder of Weineng, accounting for 19.84 percent of the registered capital.
Nio’s battery rental service BaaS called world-changing idea in new ranking
For Nio, the battery rental service BaaS (Battery-as-a-Service) was a major gamble on its fate. Now, as the model achieves initial success, it…
Wuhan Weineng, Nio’s battery asset management joint venture, receives capital increase
Four months after its establishment, Wuhan Weineng, Nio's battery asset management joint venture has received its first capital increase.
State media praises Nio-led battery swap model in two articles on same day
In its November 13 issue, the Economic Information Daily, a subsidiary of China's state-owned Xinhua News Agency, devoted a rare two-part…
China’s electric car battery swap model expected to open a huge market
Recently, 20 Chinese companies and organizations signed the Joint Declaration on Building an Eco-circle for the "Body-to-Battery Separation"…
Chinese investment bank CICC raises its Nio target price again, as it sees three benefits of BaaS
Nio recently launched its BaaS (Battery as a Service) battery rental service. Chinese investment bank CICC believes that this will improve the…
BaaS: What has changed with Nio’s battery rental service?
Nio launched its long-awaited BaaS (Battery as a Service) on August 20, and the centerpiece of the launch was the two special "car invoices".…
Nio launches BaaS battery rental service, brings car prices down by about $10,000
Chinese electric vehicle (EV) maker Nio today announced its BaaS (Battery as a Service) battery rental service, which eliminates the need for…
Nio sets up battery asset company, CATL has taken a stake
The Nio-led battery asset management company, Wuhan Weineng Battery Asset Co. has been established on August 18, according to data provider Qichacha.