Research Article
Economic Benefit Analysis of NIO Battery-Swap Station based on Regional Service Capacity Model
@INPROCEEDINGS{10.4108/eai.18-11-2022.2327163, author={Yue Qiao}, title={Economic Benefit Analysis of NIO Battery-Swap Station based on Regional Service Capacity Model}, proceedings={Proceedings of the 4th International Conference on Economic Management and Model Engineering, ICEMME 2022, November 18-20, 2022, Nanjing, China}, publisher={EAI}, proceedings_a={ICEMME}, year={2023}, month={2}, keywords={service radius battery-swapping station battery-swapping mode electric vehicle battery as a service}, doi={10.4108/eai.18-11-2022.2327163} }- Yue Qiao
Year: 2023
Economic Benefit Analysis of NIO Battery-Swap Station based on Regional Service Capacity Model
ICEMME
EAI
DOI: 10.4108/eai.18-11-2022.2327163
Abstract
In recent years, a rising Chinese electric vehicle brand called NIO is striving to build a brand exclusive charging and BS system, and its’ goal is to build about 5000 battery-swapping stations (BSSs) around the world by 2025. However, NIO’s investment choice has also been questioned. Some consumers generally believe that the huge cost of building the power exchange station will be shared equally in the cost of buying cars. This paper analyzed the construction and operation cost based on existing data from official reports and the relationship between service radius and probability of choosing BS service, along with the Battery as a Service (Baas) promulgated by NIO. And the result shows that regarding the batteries as assets of a single BSS, with the trend of more drivers being willing to take the BS service, the BSS can constantly bring huge profit to the company.