Shanghai (ZXZC)- BAIC BJEV, a subsidiary under China's BAIC Group, officially launched a private market-oriented new business mode that separates batteries value from the value of electric vehicles (EV). The business mode was considered as a big move of China's NEV industry in sharing economy area. Compared with fuel-powered vehicles, the business mode that separates batteries value from EV value boasts great cost advantages.

Under the business mode of separating batteries value from EV value, battery management companies will repurchase the property rights of batteries and consumers can use the batteries by leasing, after consumers bought the pure electric vehicles.

It is said that the new mode will achieve the cascade utilization of batteries in private market. All of the batteries will enjoy uniformed management and periodic maintenance in battery swapping stations, thus the batteries' lifespan will be prolonged and reliability of the batteries will be further enhanced.

At the same time, BAIC BJEV will open up and share its battery swapping technology across all industrial chain. The EV maker will also open up and share the highly-anticipated battery swapping stations to the public. Under this business mode, it only takes four hours to build up a battery swapping station, which only occupies 67.5 square meters and can serve up to 300 private cars per day.

Industry insiders thought that separating the value of batteries from that of EVs means China's NEV sharing achieved good results periodically. The mode will not only boost the popularization of pure electric vehicles and green mobility methods, but also provide "Chinese solutions" to the world's transportation and mobility.