Business News

Nio’s bet on China on battery changes in Tesla crisis

Chinese carmaker Nio bet the battery exchange plays a key role in Tesla’s opposition to the world’s largest car market, even though its US counterpart has rejected expensive technology.

Battery switch allows drivers to quickly replace potential batteries in power stations. In April, the New York-based Nio joined the Sinopec oil company as part of plans to extend the trip to China for more than 500 this year.

Nio plans to open a battery exchange in Norway this year as part of its expansion into Europe.

“Many of our users tell us that the battery switch is the reason they chose this car,” Shen Fei, Nio’s vice president of electronic controls, told the Financial Times, adding that many drivers in Chinese cities do not have access to charging cars. “Battery exchange starts early in our competition.”

Nio is one of the leading Chinese car manufacturers to challenge Tesla’s leadership in the country’s electric car market. The US team has been under pressure in China recently after successfully managing their customer exhibitions to become dangers of publication.

The New York-based Nio has joined the Sinopec oil refinery as part of a two-to-500 trip to China this year © Nio

China, the largest market for both battery-powered and hybrid vehicles, is a leader in the industry that specializes in construction to help repatriate homes and elevators.

Geely, China’s largest commercial real estate company, plans to build a 100-story suburb south of Chongqing this year before setting up a new center in the country.

Beijing New Energy, a subsidiary of Baic Motors, a state-of-the-art automotive engine, operates 121 switching gears.

The global interest in battery replacement has waned in recent years, probably because of rising costs. Tesla ended a two-year trial of its transformation system in 2015 after a number of key customers took part.

Technology has benefited from Beijing’s strong support. Last year, the government exchanged batteries for the need to charge electricity bills at a cost of Rmb300,000 or more, which benefited Nio.

Requiring a battery switch for drivers is that it reduces starting costs. Nio introduced a battery charging system last year that allows customers to buy cars without an electric pack, and costs around $ 10,000 at the purchase price.

However, some researchers remain unsatisfied, citing the high cost of construction. He claims that the fast charging machines developed by Tesla and others are the most effective when all the money is spent and the possibility of charging several cars at once is considered, albeit slower than battery replacement.

Whether Nio and others can make a profit by switching to battery-powered channels and increasing operating costs, says Edison Yu, a researcher at Deutsche Bank.

Nio, which was launched in 2014, has already struggled to develop batteries. The financial crisis in 2019 means that it is already short of 1,100 replacement weapons by 2020. The group re-launched its experiments with $ 989m government funding money early last year.

Shen, Nio’s chief executive, believes that battery exchanges help Chinese car manufacturers make more opportunities than their foreign competitors, who may not take the expertise seriously. “Whether it’s the last game or not, Chinese machine makers want to win now,” he said.

Source link

Related Articles

Leave a Reply

Back to top button