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NIO Inc NIO

NIO Inc is a China-based holding company principally engaged in the research, development and manufacturing of premium smart electric vehicles. The Company is mainly engaged in the design, development, manufacture and sales of high-end smart electric vehicles. The Company's products mainly include ES8, ES6, EC6 and ET7. The Company develops battery swapping technologies and autonomous driving technologies. Its electric vehicles apply NAD (NIO Autonomous Driving) technology, including super computing platform NIO Adam and super sensing system NIO Aquila. The Company is also engaged in the provision of charging piles, vehicle internet connection services and extended lifetime warranties. The Company mainly conducts its businesses in the domestic market.


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  • ScandiumPowerX
Post by ScandiumPoweron Mar 14, 2024 8:41am
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Post# 35932240

NIO cooperate With CATL in Innovation of Long-Life Batteries

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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