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At the 2020 China Electric Vehicle Hundred People's Congress forum in mid January this year, Li Bin announced:

We will introduce a very important service concept this year - Batteryasaservice, which treats batteries as a service. When we went public in 2018, we introduced the battery rental method, and later promoted the battery upgrade method. For example, this year, from 70 to 100 kilowatt hours, we will pay 1280 yuan per month and 66 yuan per day for on-demand upgrades. There are many benefits that cannot be explained for two hours

Overall, everything needs to be based on user experience. We believe that the car electricity separation method based on battery swapping can bring many benefits to users, including charging, swapping, upgrading, and tiered utilization. Users can rent the battery as a single asset

That is to say, cars and batteries can be sold separately, and ownership of battery assets and vehicle assets can be stripped away. Users should not have ownership of batteries. The battery assets can be placed in the battery asset management company, and users only need to rent batteries from the battery asset company, while NIO Energy Company acts as the operator of battery assets and develops BaaS products that meet different types of needs.

The car electric separation model was not actually pioneered by NIO. Its ancestor was BetterPlace, founded by Israeli company Shai Agassi in 2007, whose main business was to replace batteries for electric vehicles.

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