SKIO

The company's business model is centered on high-frequency vehicle usage, specifically targeting the ride-hailing and logistics markets. Rather than manufacturing cars itself, SKIO partners with established automakers like Dongfeng Motor Corporation to produce electric vehicles, into which SKIO integrates its proprietary battery and battery management systems. This strategy allows the company to remain asset-light in production and focus on its core competencies. Revenue is generated through vehicle leasing, battery swapping services, and providing integrated solutions for fleet operators. The primary clients are ride-hailing platforms, such as its strategic partner Didi Chuxing, and logistics companies.

A key component of SKIO's service is its battery swapping network, branded as the "Blue Avenue" plan. This network of swap stations allows commercial EV drivers to exchange a depleted battery for a fully charged one in approximately 3 to 5 minutes, a significant time savings compared to traditional charging and a critical benefit for high-frequency use cases like taxis and delivery vans. SKIO's battery packs utilize high-density ternary lithium cells, and the company has developed its own battery management systems and PACK灌胶 (guàn jiāo) packaging technology for enhanced safety and performance. The company has established this network in multiple cities, including Hangzhou, Suzhou, and Changsha, with plans for further national expansion.