🔺 What to do when markets are at an all-time high? Find smart bargains, like these.See Undervalued Shares

Nio files to use semi-solid-state batteries in 11 EVs

EditorHari Govind
Published 17/10/2023, 03:00 am
©  Reuters
NIO
-

In less than six months since their initial application to incorporate semi-solid-state batteries into three of their EV models, Nio Inc. (NYSE:NIO) has followed up with a second filing.

According to reports from CnEVPost, NIO has formally lodged a second request with China's Ministry of Industry and Information Technology (MIIT) to incorporate solid-state batteries.

While this latest filing does not introduce any new vehicle models, it does contain updates to the specifications of 11 more EVs, now including comprehensive information about the cutting-edge battery technology.

NIO currently only sells eight models, suggesting that the battery upgrades will not be limited to existing models, but future EVs as well.

The filing included nine SUVs and two sedans, and the specifications for these vehicles now incorporate the utilization of battery cells sourced from Huzhou WeLion Technology Co. The battery assemblies, based on the cells, are produced by a subsidiary of NIO in Nanjing.

While the details may not explicitly refer to solid-state batteries, it is worth noting that WeLion Huzhou operates as a fully owned subsidiary of Beijing WeLion New Energy Technology, which is NIO's supplier for semisolid-state batteries.

NIO introduced the 150-kWh semi-solid-state battery during the unveiling of its flagship sedan, the Nio ET7, at the Nio Day 2020 event held on January 9, 2021. However, deliveries for this technology have yet to begin.

Shares of NIO are down 0.84% in mid-day trading on Monday.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.