$NIO Inc (NIO.US)$ recently signed an agreement with Shell  ...

$NIO Inc(NIO.US)$ recently signed an agreement with Shell $荷兰皇家壳牌-A(RDS.A.US)$ $荷兰皇家壳牌-B(RDS.B.US)$ to build and operate the battery charging stations. It includes the installation of 100 swapping stations in China by 2025 and pilot stations in Europe in the next year. The company’s battery-as-a-service (BaaS) offers a huge advantage in the competitive market and this partnership is a clear path towards International expansion. BaaS allows consumers to buy cars without batteries and subscribe to the program to swap batteries at the stations. This reduces the cost of the car significantly.