Key Points
- Acciona introduces the NanoCar Silence S04 with a subscription-based battery exchange service.
- Drivers can swap out depleted batteries for fully charged ones at designated stations.
- The cheapest model is priced under 7,000 euros with state subsidies and tax deductions.
- It is manufactured in Barcelona and has a capacity of 20,000 vehicles annually.
Spanish construction and energy group Acciona (ANA.MC) has introduced the NanoCar Silence S04, a new electric vehicle (EV) designed for urban driving. The NanoCar aims to address key obstacles to EV adoption in Spain and Europe: cost and driving range. It features a unique subscription-based battery exchange service, promising affordability and convenience.
The NanoCar Silence S04, which can carry two passengers, is equipped to operate with one or two lithium-ion batteries. Through the subscription model, drivers own the car but lease the batteries. They can exchange depleted batteries for fully charged ones at dedicated stations for a monthly fee. These stations will be established at various locations, such as petrol stations, malls, flagship stores, and parking areas, enhancing accessibility and ease of use.
Acciona’s initiative aims to mitigate concerns about battery range and charging time. Swapping a battery takes roughly 30 seconds, significantly reducing downtime compared to traditional charging methods. The batteries can also be charged using domestic sockets, requiring about eight hours for a full charge. The swappable battery system offers a quick alternative for drivers on the go.
Swappable batteries are relatively uncommon in the EV market, with most trials conducted in China. According to Carlos Sotelo, head of Acciona’s mobility business, there are currently about 140 battery exchange stations in Spain, with Acciona targeting over 200 by the end of the year.
The NanoCar’s pricing strategy is also notable. By selling the vehicle without the battery, Acciona can offer it at a lower price than average EVs. Including state subsidies and tax deductions, the cheapest model will cost under 7,000 euros ($7,582) using the subscription model. Opting to purchase the battery instead of subscribing adds a few thousand euros to the cost.
Acciona Chairman Jose Manuel Entrecanales highlighted the NanoCar’s affordability due to its removable battery. “There are already small electric vehicles, but I believe the NanoCar will be the most affordable on the market,” he said, noting that high sales volumes will be necessary for profitability.
The NanoCar will be manufactured at Acciona’s Barcelona facilities, producing up to 20,000 vehicles annually. Acciona has partnered with Nissan to market the NanoCar in Italy and France, and it plans to expand to other European markets, including Germany, starting in September.
