The EV charging network is ever expanding.
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Category: NIO Battery
Li said batteries with lifetimes of up to 15 years are technically feasible, but it will take a concerted effort by the entire industry to advance the goal.
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The new 75-kWh battery pack will not use both LFP cells and ternary cells like its predecessor and will begin deliveries soon with the 2024 models.
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CATL will also plan and develop battery systems of longer service lives for Nio's upcoming models.
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Offering new variants with LFP batteries is a means for some EV makers to cut prices, and Xpeng's LFP version of the P7i, launched last month, has lowered the starting price by RMB 26,000 yuan.
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Nio and Svolt Energy will jointly invest in a pilot production line in Anhui province, and some of their R&D staff will be merged, according to local media.
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Based on its latest plans, Nio has slowed down some of the equipment purchases for its battery factory, according to local media.
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NIO's battery team has been boosted to 1,000 people and is developing its own lithium manganese iron phosphate (LMFP) and 46 series ternary batteries, according to local media.
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It's easy to see from this big gathering that NIO is firmly committed to developing its own batteries -- and its ambitions don't just involve battery packs, but also point to cells, local media said.
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NIO's battery plant will have an annual capacity of 40 GWh and could power about 400,000 long-range electric vehicles, Reuters reported.
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