What does NIO's battery rental mean?
1 Answers
NIO's battery rental can be understood as a form of installment loan. If you choose the battery rental option, the vehicle price will be reduced by a certain amount, but you will need to make monthly payments over a period of 6 years. After completing these payments, the battery will become the property of the vehicle owner. The price of new energy vehicle batteries is generally high, and NIO introduced this strategy to reduce the financial burden on consumers. Advantages of NIO's battery rental service: NIO's battery rental offers a comprehensive service that includes battery separation, battery rental, and the flexibility to charge, swap, or upgrade the battery. This represents a breakthrough innovation in both technology and business models, while also benefiting the vehicle's resale value. This service is also a groundbreaking business model innovation in the electric vehicle industry. Components of new energy vehicle batteries: Mainly consist of the battery drive system, motor system, electronic control system, and assembly, among other parts. The assembly of the motor and electronic control system is largely similar to that of traditional vehicles, with the price difference primarily due to the battery drive system. In terms of the cost structure of new energy vehicles, the battery drive system accounts for 30-45% of the total cost, while power lithium batteries make up about 75-85% of the battery drive system's cost. Characteristics of new energy batteries: High energy and high power; high energy density; cyclic use under high-rate partial state of charge (HRPSOC); wide operating temperature range; long service life, typically 5-10 years; safe and reliable.