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> NIO cooperate With CATL in Innovation of Long-Life Batteries
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ScandiumPower on Mar 14, 2024 8:41am
NIO cooperate With CATL in Innovation of Long-Life Batteries
March 14, 2024, Beijing, China - Contemporary Amperex Technology Co., Ltd. (“CATL”) and NIO signed the framework agreement in Beijing. The two companies are set to carry out innovation in the R&D of long-life batteries according to the needs of NIO’s power swap. Shizhe Tzeng, NIO’s Vice President, and Huan Gao, CTO of CATL’s China E-Car Business Unit, signed the agreement on behalf of the two companies. Alan Zeng, NIO’s Senior Vice President and CEO of XPT, and Wei Zhu, Executive President of CATL’s Passenger Car Business Unit, attended the signing ceremony. Usually the batteries of new energy vehicles (NEV) are under a warranty of eight years. From 2025 to 2032, battery warranties of nearly 20 million NEVs had or will run out, which leads users to issues including driving cars with unwarranted batteries, lifespan difference between the vehicle and the battery, and quite high battery replacement costs. Therefore, it has become a pressing task to address the life span issues of batteries. https://www.nio.com/news/NIO-Joins-Hands-With-CATL?&noredirect=
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