Nio

Nio, Xpeng's supplier Guangdong Hongtu saw the 6,800-ton integrated die-casting machine come off the production line and started developing a 12,000-ton die-casting unit.

Nio will start delivering the ET5 in China in September 2022.

The two companies will release product solutions for a next-generation, high-level smart driving platform in 2022, covering both high-speed and low-speed scenarios.

The launch of the station is just the first step in its partnership with IKEA, and more battery swap stations will appear in IKEA malls in the future, Nio said.

CITIC Securities expects energy replenishment to remain primarily charging, supplemented by battery swap, over the next five years, but the latter's adoption will accelerate significantly.

Volvo's director of commercial operations in Germany will join Nio in March as the Chinese EV carmaker's general manager for the German market, German media reported.

CITIC Securities expects China to add more than 10,000 battery swap stations a year by 2025, bringing the total to more than 30,000.

The videos about the event were widely shared in many chat groups and on Chinese social media.

Nio's 7-kW and 11-kW DC charging piles will be available for order on January 20, with deliveries expected to begin in early March.

Nio has introduced SiC technology, the latest power semiconductor technology, to the ET7's front permanent magnet synchronous motor.