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NIO-SW (09866.HK) Once Surges 4.7%; Battery Swap Service Fee Charging Model to Be Adjusted
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NIO-SW (09866.HK) announced adjustments to its battery swap service fee charging model, which will be changed from a "fixed price" model to a "charging by degree" model. The cost for a single battery swap will be calculated by adding the electricity fee per degree to the service fee per degree and then multiplying by the amount of electricity swapped.

If the amount of electricity swapped is less than the set minimum (20 degrees), the corresponding service fee will be charged based on the minimum amount, while the electricity fee will be calculated based on the actual amount swapped. This adjustment will take effect at 00:00 on September 24.

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NIO-SW surged 4.7% at one point to peak at $43.4 today (16th). It last printed at $42.95, up by 3.62%, on a volume of 2.7615 million shares and a turnover of $118 million.
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