Nio’s August Purchase Policy Update: Battery Swap Option No Longer Free

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Nio Announces August Purchase Offer: Changes to Battery Swap Option and Home Charger Prices

Nio's August Purchase Policy Update: Battery Swap Option No Longer Free - Car News - 1

Nio (NYSE: NIO) has introduced its limited-time offer for customers purchasing vehicles in August, bringing significant changes to its options and pricing. Notably, the option package featuring free lifetime battery swap service will no longer be available for purchase from August 1 onwards. Instead, customers placing a deposit between August 1 and August 31 will receive 30 vouchers to experience the battery swap service upon delivery.

Previously, Nio’s early owners enjoyed unlimited free battery swaps, but as the owner base expanded, the entitlement was reduced to four swaps per month.

Earlier this year, Nio implemented a pricing update, lowering the starting prices of all models by RMB 30,000 ($4,200) and making the free battery swap service a paid option for RMB 30,000. However, this service package was only available until July 31.

In addition to discontinuing the RMB 30,000 option, Nio has also made significant reductions in its home charger prices. The most affordable 7-kW charger’s price has dropped by 36 percent to RMB 4,800 from the previous RMB 7,500.

Existing Nio owners who have previously installed a 7-kW Nio AC charging post can replace it with a 7-kW DC charger for free at the original installation address. Moreover, customers who previously purchased an EV from another brand and installed a 7-kW AC charger can replace it with Nio’s 7-kW DC charger at no cost when purchasing Nio’s latest model.

Nio continues to offer attractive financial support for customers purchasing their vehicles, including a 0 down payment option with a 36-month annualized rate of 2.99 percent, translating to an annualized interest rate of approximately 5.66 percent.

Customers trading in their vehicles of other brands for Nio vehicles through the Nio App will receive a Moon kit and orange calipers valued at RMB 8,000 when purchasing the ET7 and ES7. For those purchasing an ET5, ET5 Touring, New ES6, New ES8, or EC7 during the trade-in, they can receive Nio Credits worth RMB 3,000 upon delivery.

With these updates, Nio aims to provide customers with more flexibility and value while reinforcing its commitment to delivering innovative electric vehicle solutions in the competitive market.