Nio Car Forum banner

Nio will make self-developed battery packs in 2024

1027 Views 1 Reply 2 Participants Last post by  txsnio
Tire Car Land vehicle Vehicle Wheel

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.
See less See more
1 - 2 of 2 Posts
Great move, especially if it helps us to get a well equipped EV for closer to $30,000.
1 - 2 of 2 Posts
This is an older thread, you may not receive a response, and could be reviving an old thread. Please consider creating a new thread.