Chinese automaker Nio plans to offer customers the option of leasing the battery packs in electric cars. Announced in a press release Thursday, this "battery as a service" model involves purchasing the car outright, but paying a monthly fee for use of the battery pack. Nio plans to charge the equivalent of about $140 a month (at current exchange... In China, Nio wants to lease battery packs for the EVs it sells
Chinese automaker Nio plans to offer customers the option of leasing the battery packs in electric cars. Announced in a press release Thursday, this "battery as a service" model involves purchasing the car outright, but paying a monthly fee for use of the battery pack. Nio plans to charge the equivalent of about $140 a month (at current exchange...