Battery as a service will blow your mind

$NIO Inc.(NIO)$ Battery as a service will blow your mind

BaaS is what NIO calls it, and there is a lot more to this than most people have even considered. First of all, this is no longer an experiment with an uncertain outcome. No sir — NIO has already performed this party trick more than 3 million times. By the end of the year, NIO will have more than doubled the battery swap network in China to 700, and it plans to have 4,000 of these stations globally. In September in Norway, it is starting with 4 stations and will expand from there.Red premarket means green close😁

NIo wants the money to help with building their new plant to double production. Not a bad thing..