NIO launches BaaS buyout plan which requires users to pay for service and new battery

On April 25, according to multiple media sources, NIO Inc. (NIO), an EV maker in China, announced via its mobile app that it will launch a BaaS (Battery as a service) buyout plan.
To terminate the BaaS rental agreement and replace it with a new battery at a NIO Service Center, users need to pay a service fee of CNY 3....

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