Chinese Tesla rival Nio wants to lower the price of owning an EV by selling cars and leasing their batteries

Business Insider

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· On Thursday, Chinese electric vehicle maker Nio announced plans for a "battery as a service" option with its cars. 
· The company will let buyers lease their batteries for about $150 per month, lowering the purchase price of the car. 
· Customers will have access to battery-swap locations and chargers throughout China,...

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