The tech trend clearly indicates that cars become more and more computer on wheels, car components grow increasingly modular and so do business models. This creates a variety of business ideas that have little to do with typical sales models known from the OEMs.s.
In order to finance this business scheme Nio, CATL and Hiebt Science Technology Investment Group Co., Ltd. have founded the Battery Asset Company. Each of the four players put up 30 Million USD and hold 25% equity interest in the company. What has been Tesla’s hall of fame namely the build up of a heterogeneous electric supply grid shifts is shifting now to the attention of Nio’s activities: 143 battery swap stations have been built in China so far across 64 cities and over 800.000 battery swaps for users have been completed.