Li Bin denied that Weilai only rented but did not sell in Europe: "We didn't say not to sell."

CTOnews.com, October 10 (Xinhua)-- the new car sparked controversy among European netizens last week when it held an European press conference and announced that it would enter the markets of Germany, the Netherlands, Denmark and Sweden.

On the strategy of "only rent but not sell", Li Bin, chairman of Weilai, responded: "at the press conference, we only said that we would provide this lease, but not not to sell it." in fact, this is also a step-by-step approach, because it is really troublesome if these models are carried out together at the initial stage. "

Li Bin, founder and chief executive of electric car maker Xilai, previously said it would only offer rental services when it launches its cars in four European markets this year. Li Bin believes that as more and more people turn to electric cars, flexibility will become a key selling point.

CTOnews.com has reported that depending on the length of subscription, European users can choose to rent ET7, EL7 (ES7) and ET5 cars with 75 gigawatt-hour battery packs for as little as one month for 1199 euros to 1295 euros (RMB 8308 to 8974 yuan) per month.

Previously, Xilai has allowed customers to rent rather than buy batteries. Batteries are by far the most expensive part of electric vehicles. At the same time, instead of charging the car at home, the owner can drive the car to the battery replacement station and replace the battery pack in a few minutes to save time.