NIO releases new BaaS battery rental service policy

On March 14, NIO released a new BaaS battery rental service. The standard battery pack rental service fee was adjusted from 980 yuan/month to 728 yuan/month, and the long-life battery pack rental service fee was adjusted from 1,680 yuan/month to 1,128 yuan. /month; the rent paid by existing users and new users can be partially deducted from the battery buyout cost; every time the user pays a bill, they will receive a 100 yuan renewal gift voucher, which can be directly used to offset the new car payment when repurchasing. NIO also announced on the same day that from now until May 31, users who choose the BaaS solution to purchase a car can also enjoy the limited-time benefit of paying 4 for battery rental service fees and getting 1 free, and 60 free battery replacement coupons.

The price adjustment of BaaS battery rental service is due to NIO’s unique power swap system’s refined operation of power batteries. NIO has established a full life cycle battery health operation system, which fully covers the three major working conditions that affect battery life: temperature, intensity, and frequency. Based on the operation and scheduling of battery big data, it extends the battery life of NIO's existing system. The life cycle and value of BaaS battery rental service bring room for price adjustment.

Battery life cycle is the most important part of NIO’s BaaS battery rental service business model. On the same day, NIO proposed a 15-year long-life power battery solution and joined forces with battery partners to cooperate on the research and development of NIO's long-life batteries. This will promote the better development of NIO's BaaS battery rental service, bring greater benefits to users, promote progress in power battery life across the industry, and promote the development of the new energy vehicle industry.

NIO’s BaaS battery rental service has served more than 100,000 users since its launch in August 2020, effectively lowering the threshold for users to purchase cars and improving users’ capital efficiency. After this BaaS policy adjustment, the competitiveness of NIO's BaaS business will be further enhanced, users' battery rental expenses will be significantly reduced, and the efficiency of capital use will be further improved.

NIO also provides incentives for BaaS used cars to second-hand car dealers to promote the circulation of BaaS used cars, improve the value retention rate of BaaS used cars, and protect the interests of BaaS users.

Attachment: Prices of models related to NIO’s BaaS plan

Users who choose the Baas plan to purchase a car will see a price reduction of 70,000 yuan (standard battery life) or 128,000 yuan (long battery life), and can also enjoy purchase tax exemptions.

Models

Standard battery pack

Long battery pack

Starting price

BaaS starting price

Purchase tax exemption

Starting price

BaaS starting price

Purchase tax exemption

ES8

498,000

428,000

6,195

556,000

428,000

11,327

EC7

458,000

388,000

6,195

516,000

388,000

11,327

ES7

438,000

368,000

6,195

496,000

368,000

11,327

ET7*

428,000

358,000

6,195

486,000

358,000

11,327

EC6

358,000

288,000

1,681

416,000

288,000

6,814

ES6

338,000

268,000

0

396,000

268,000

5,044

ET5

298,000

228,000

0

356,000

228,000

1,504

ET5T

298,000

228,000

0

356,000

228,000

1,504

Unit: yuan

*2023 model

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