Nio has developed a 150-kwh battery that would potentially boost the range of electrical vehicles substantially higher than what current range kings just like the Lucid Air can deliver.
The Chinese electric automotive company announced on Tuesday the successful test of its latest Ultra Long Range battery, which saw Chairman William Li cover 1,044 km (roughly 648.7 miles) behind the wheel of a Nio ET7 mid-size sedan. The EPA-rated range for the Lucid Air tops out at 516 miles.
The true-world test saw Li and two others drive from Shanghai to Xiamen, in temperatures that at some parts of the journey were below freezing, an element that normally harms a battery’s range.
The journey took roughly 14 hours to finish and used up 97% of the battery’s charge, in response to Nio.
Nio CEO and founder William Li with the 2022 ET7
Nio said the battery is designed to suit all of its models, and is already available at a few of its battery-swapping stations in China. Nio said a customer could go for the Ultra Long Range battery when planning a protracted road trip, after which revert to a smaller and lighter battery for normal driving duties. Nio makes it easy for patrons to vary batteries via flexible options for upgrading the packs when needed.
The news comes the identical week that Nio President Lihong Qin said the corporate plans to launch two additional brands focused on vehicles cheaper than those sold by the present Nio brand. The primary, dubbed Firefly, is resulting from launch in Europe as soon as 2025.
Nio was once billed as China’s Tesla, but its sales have been hurt by Tesla’s recent round of price cuts. Nio’s sales in 2023 are heading in the right direction to succeed in just over 150,000 units, whereas Tesla is heading in the right direction to succeed in greater than 10 times that figure. To boost capital, the corporate has been issuing latest shares. Essentially the most recent issue took place this week and saw Abu Dhabi-based CYVN Holdings purchase $2.2 billion value of shares. CYVN’s stake in Nio has now grown to about 20%, following the most recent investment plus a previous $1 billion investment in July.
This Article First Appeared At www.motorauthority.com
