Nio

Nio today unveiled a 150kWh solid-state battery at Nio Day in Chengdu, giving the entire Nio product lineup on sale an NEDC range of more than 850km, and its first sedan, the Nio ET7, an NEDC range of more than 1000km.

The second-generation battery swap station, which occupies four parking spaces, allows vehicles to be parked automatically without the user having to get out of the car, and the battery swap can be activated at the touch of a button inside the car.

At Nio Day 2020 in Chengdu on January 9, Chinese electric vehicle (EV) maker Nio (NYSE: NIO) unveiled its first all-electric sedan, the Nio ET7, the first model to be powered by a 150kWh solid-state battery pack with a maximum range of more than 1,000km.

Compared to traditional lithium batteries, solid-state batteries are considered the ideal battery technology for electric vehicles.

Nio filed a patent on July 2, 2019, for a LiDAR that may give us an idea of the capabilities of the company's upcoming car with this sensor.

Nio is doing discussions about various possibilities, but there will be no mass production in the short term.

Nio has contracted a production line of lithium iron phosphate batteries from CATL, and the new cells are being tested and prepared.

Some media reports suggest that the LiDAR used on Nio's sedan will be provided by Huawei. But we are skeptical of this speculation.

Bitauto, which is associated with the above company, was founded in 2000 and was delisted from the New York Stock Exchange and is the largest automotive Internet company in China.

Nio already has more than 200 stores in China by the end of 2020. Its full-year 2020 deliveries reached 43,728 units, up 112.6% year-on-year.