The rumor has come true. The joint venture between Ningde times (300750. SZ), China’s largest power battery company, and Weilai Automobile Co., Ltd. (hereinafter referred to as Weilai automobile) has come. < p > < p > on August 20, Ningde Times announced that Wuhan Weineng battery assets Co., Ltd. (hereinafter referred to as Weineng) was established jointly with Weilai automobile, Guotai Junan International Holding Co., Ltd. (Guotai Junan International) and Hubei science and Technology Investment Group Co., Ltd. < p > < p > according to Tianyan app, Weineng was founded on August 18, and its legal representative is Shen Fei, vice president of Weilai automotive energy, with a registered capital of 800 million yuan, but the shareholding ratio of each investor is not disclosed. The company’s business scope includes: power battery leasing, maintenance, wholesale and retail; electric vehicle charging infrastructure planning, research and development, design; power station, charging pile and energy storage system related equipment and parts research and production. < p > < p > interface news reporters learned from Ningde times that Ningde times acquired 25% of the equity and board seats of the joint venture with an equivalent price of 200 million yuan. < p > < p > Weineng is a battery asset management company based on the mode of “separation of vehicle and electricity”, and will launch baas (battery lease service) business on this basis. < / P > < p > this means that users do not need to buy battery packs when buying a car. They choose to rent battery packs with different capacities according to their actual use needs, and pay the service fee on a monthly basis. They can also enjoy the power exchange service and battery flexible upgrade service just like the battery purchase users. < p > < p > Weilai automobile said that baas business will greatly reduce the purchase threshold, making the purchase and cost of electric vehicles lower than gasoline models of the same level. < / P > < p > in addition, the system has solved the problems that have affected the popularity of electric vehicles, such as the decline of batteries, the inability to upgrade batteries, and the large change of vehicle value preservation rate, and further dispelled many concerns of users in purchasing intelligent electric vehicles. < / P > < p > a private investor in the battery industry told interface news reporters that consumers want cheap electric vehicles and high endurance, which is a “dilemma” facing the industry. The continuous progress of charging technology, as well as the introduction and popularization of power exchange mode, will solve the problem of electric vehicle endurance. < p > < p > interface news reporters learned that at the Weilai battery rental service (baas) conference held on the afternoon of August 20, the founder of Weilai automobile, Li Bin, said that as of the same day, Weilai automobile had deployed 143 power stations in more than 60 cities, and had achieved more than 800000 power change services, with thousands of power change services every day. < / P > < p > the power change mode, that is, the electric vehicle and the battery are separated. When the new energy vehicle is out of power, the owner only needs to replace a fully charged battery at the power station to continue to use the vehicle. According to the science and technology daily, there are four major domestic automobile enterprises adopting the power exchange mode, namely BAIC new energy, Weilai automobile, Chongqing Lifan Automobile Co., Ltd. and Zhejiang time and Space Electric Vehicle Co., Ltd. In June 2019, the national development and Reform Commission, the Ministry of ecological environment and the Ministry of Commerce issued the implementation plan for promoting the renewal and upgrading of key consumer goods and unimpeded resource recycling (2019-2020), proposing to develop new energy vehicle products with the separation of vehicle and electricity consumption mode, and continue to support the construction of “charging and replacing electricity” facilities. On April 23 this year, the Ministry of Finance and other four ministries and commissions jointly issued a new policy on new energy subsidies, which clearly pointed out that new energy vehicles with a starting price of more than 300000 yuan (including 300000 yuan) would no longer be subsidized, but the vehicles supporting the power exchange mode were exceptional, so as to encourage the development of the new business model of “power exchange”. The new deal took effect on July 22. < p > < p > on July 23, Xin Guobin, Vice Minister of the Ministry of industry and information technology, said that it would vigorously promote the construction of charging and swapping infrastructure, encourage enterprises to develop models of power exchange mode, and support Beijing, Hainan and other places to carry out pilot projects for promotion. Weilai plans to set up a battery asset management company in August to realize the separation of vehicle and electricity, according to the British financial information report in July. Ningde times has clearly expressed its investment intention.