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Nio Inc.

05/10/2021 | Press release | Distributed by Public on 05/10/2021 17:59

NIO BaaS Recognized at the 2021 Fast Company World Changing Ideas Awards

NIO's Battery As a Service (BaaS) has been recognized at the 2021 Fast Company World Changing Ideas awards.

NIO designs and develops smart, high-performance electric vehicles. Aside from our premium design and penultimate technology, we are best known for our 'User Enterprise.' Our entire enterprise is built on the involvement, inspiration, and ideas from every single user. NIO's innovation took a big step toward making the first Battery Swap station in 2018 to bring the exclusive 3-minute battery swap service to our users. This service has become the game-changer in the EV world.

Our NIO Power Swap stations have been the most welcomed power solution by our users. In March this year, NIO has completed over 2,000,000 power swaps in China. Less than a year ago, in August 2020, NIO officially announced the BaaS program by taking advantage of the battery swapping features of all NIO models and the nationwide swap stations. We continue providing comprehensive services enabled by vehicle-battery separation, battery subscription, and chargeable, swappable, and upgradable batteries. NIO BaaS is a breakthrough innovation in both technology and business models. It allows users to have options to purchase a car without the battery.

The successful launch of BaaS provides users with an even better purchasing and using experience. We are honored to receive the awards and represent innovative thinking and hundreds of businesses and organizations driving change in the world.