What does NIO BaaS mean?

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NIO BaaS stands for Battery as a Service, also known as NIO Battery Rental Service. The underlying logic of "Battery as a Service" is chargeable, swappable, and upgradable. NIO is a global smart electric vehicle brand, established in November 2014. Its main products include the NIO EC6, NIO ES8, NIO ES6, NIO EP9, and NIO EVE. Chargeable: This means using a private dedicated charging pile at home and commercial charging piles outside. You can choose NIO's own supercharging stations or any of the mainstream charging service providers in China, such as Star Charge, TELD, Wanma, Xiaoju, XPeng, and Yunkuaichong. Swappable: NIO's battery swap service supports magazine-style battery swapping, which can be completed in just 3 minutes. Based on the battery swap model, NIO offers battery rental services. Upgradable: This means NIO owners can continuously increase their vehicle's range by paying for upgrades. For example, upgrading from a 70kWh battery pack to an 84kWh battery pack, and then further upgrading to a 100kWh battery pack.