https://wccftech.com/nio-nyse-nio-officially-launches-battery-as-a-service-baas-subscription-model-in-a-bid-to-make-its-evs-more-affordable/

NIO (NYSE:NIO), one of the largest EV manufacturers in China, officially launched its much-anticipated Battery as a Service (BaaS) subscription model today at a dedicated event in Shanghai.

We noted in our post on the 23rd of July that NIO has been working toward launching this BaaS facility for the better part of 6 months and that its formal launch was imminent. Today, the company delved into the modalities of the program in detail, noting in its press statement: