NIO will adjust the charging mode of its battery replacement service in China, which will be the third major adjustment since the service was launched。

NIO (NYSE: NIO) is about to adjust the charging mode of its iconic battery replacement service in China, balancing cost and user experience as the service becomes more popular。

According to today's announcement on the NIO application, the electric vehicle (EV) manufacturer will hold a user briefing on the adjustment of the charging mode of the power exchange station starting at 7 pm on Thursday, September 5, Beijing time。

Weilai invites interested car owners to participate in the event - the event will be held in Weilaihou SE is located at its headquarters in Shanghai, where executives including the company's vice president in charge of power business Shen Fei will answer user questions。

The event will also be broadcast live online for those unable to attend。

In addition, according to the company's August 22 statement, NIO will announce its unaudited financial results for the second quarter of 2024 before the U.S. market opens on the same day and will hold an analyst conference call beginning at 8: 00 p.m..

NIO completed its first battery replacement station in Shenzhen on May 20, 2018, and the number of facilities in China reached 2,500 yesterday。It currently has 54 stations in Europe.。

On August 5, Weilai's cumulative power exchange service reached 50 million times.。

The electric car maker initially charged a flat fee of 180 yuan ($25) for each battery replacement service。

In order to promote the use of the service by car owners and boost car sales, NIO began offering a lifetime free battery replacement service to first-time owners later in 2018.。Non-first-time owners still have to pay at the time。

On October 12, 2020, Weilai stopped providing unlimited free power exchange services.。

For first-time owners, if they give up the free home charger, then they can get six free battery replacements per month。

If they want to keep the charger, the first 6 power changes per month will be free of service charges, but they need to pay for electricity。

Prior to this adjustment, Weilai launched a new billing model for non-first-time tram owners on July 10, 2020, with the cost of each power exchange service changing to new power * (electricity + service charge)。

In January 2021, NIO continued to scale back its free battery replacement service for first-time owners, reducing regular discounts from six to four per month.。Car owners who give up free chargers can still get free service six times a month。

On June 12, 2023, Weilai will reduce the price of all models by 30,000 yuan and cancel the right to a free power exchange for first-time owners to a paid option, which will no longer be available from August last year.。

The company also adjusted its charging model for non-first-time owners and then-exhausted free points, changing the power-based service fee to a fixed service fee of $30 or $50, depending on the site.。

Currently, for Weilai owners who pay to use the power exchange service, they need to pay a fixed service fee, plus a fee based on the amount of electricity, which is equivalent to ordinary charging。

($1 = RMB 7.1228)