$NIO Inc.(NIO)$ Battery As a Service Sets Nio Apart
One of the things that I like about Nio is its BaaS service model. BaaS is an alternative to battery charging stations. With BaaS, drivers pull into a battery-swapping station where they can exchange a depleted battery for one that’s fully charged. The process takes less than five minutes. And, best of all, BaaS technology makes the cost of an EV up to $10,000 cheaper.