Chinese electric vehicle maker Nio is providing customers with the option to purchase an EV without the battery through its battery-as-a-service program. The program will significantly help reduce the price of a new EV. “The idea is that customers can purchase a new EV without a battery and then subscribe to one for a separate monthly fee,” said CNET, which also said “Battery swapping seems like a crazy idea, but it does have a few important benefits.” (Source: CNET) Read the original story…
Todd Phillips is the editorial director of Universus Media Group Inc. and the editor of Canadian auto dealer magazine. Todd can be reached at tphillips@universusmedia.com.
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