Wednesday, January 6, 2021

NIO is about to rollout a brand new Sedan -- and Bigger Batteries, Too

 https://www.fool.com/investing/2021/01/06/heads-up-tesla-nio-is-about-to-roll-out-a-brand-ne/

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NIO is also doubling down on batteries-as-a-service

Last but not least, NIO also plans to show an improved version of its battery swap station on Saturday. The new stations will contain more battery packs than the current design, and NIO said they can be built at lower cost, which will allow it to accelerate deployment. The company had about 150 stations in operation as of its most recent update last fall. It expects to add "nearly one new station per day" in the coming year.  

The subscription plan is only a few months old, but it's already popular. NIO said last weekend that over 40% of customers who bought a NIO in December opted for the battery subscription option. 

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