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NIO Firefly launches BaaS battery rental service

24/06/2025

On June 24th, NIO's subsidiary brand Firefly launched a Battery as a Service (BaaS) rental service, with a monthly fee of 399 yuan for renting the battery. By choosing the BaaS battery rental service, customers can enjoy a 40,000 yuan discount on the car price, reducing the purchase price to a starting price of 79,800 yuan.

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The Lingong Group will acquire 70% of the shares of the Shandong Lingong held by Volvo Construction Equipment Company.

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On June 24, Linyi Lingong Machinery Group Co., Ltd. (referred to as Lingong Group) announced that after friendly negotiations with Volvo Construction Equipment Company (VOLVO CE), the two parties officially signed an agreement. Lingong Group will acquire 70% of the shares of Shandong Lingong Engineering Machinery Co., Ltd. (referred to as Shandong Lingong) held by VOLVO CE through a newly established fund (referred to by Volvo as a sale). After the completion of the agreement, Lingong Group will control the ownership and operation management of Shandong Lingong.

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