Chinese brand Nio has a clever plan to make its electric cars cheaper

Chinese electric car maker Nio has a plan to make electric cars more affordable by allowing consumers to purchase its vehicles without a battery, adding the ability to swap in the most appropriate battery pack as needed. The company's 'Battery as a Service' plan (BaaS) enables consumers to save up to 70,000 Chinese Yuan (AUD$14,128) off the purchase price of a Nio model by renting their car's battery for around AU$197 per month.