Nio will make self-developed battery packs in 2024

In 2024 Nio says they will be making their own developed battery packs. They will be starting with an 800-volt battery pack in the second half of 2024.


SHANGHAI — Chinese electric-car maker Nio said that in 2024 it will start making high-voltage battery packs that it has developed itself, as part of a drive to improve profitability and competitiveness to take on rivals such as Tesla.

Nio, plans to start producing an 800-volt battery pack in the second half of 2024, its chairman William Li told analysts on a call on Thursday.

Most electric vehicles operate with 400-volt batteries while Porsche's Taycan, Hyundai's Ioniq 5 and Kia's EV6 electric cars are powered by 800-volt lithium-ion battery packs, which recharge faster.

Li said Nio — which has over 400 employees working on the research and development of battery technologies — also plans to use a combination of self-produced and externally sourced batteries in the long run, a plan similar to Tesla's.

Li said Nio plans to use self-produced battery packs for its new mass-market brand, which is expected be ready for sale in the second half of 2024. These new models are expected to be priced around 200,000 to 300,000 yuan ($30,000-$45,000), he added.