‘Elon Musk of China’ develops EV battery with range of 600+ miles. This EV could be the ‘Tesla killer’ in China.

Sharing is Caring!

Chinese Tesla rival Nio has developed an EV battery with a range of 1,000km — and its CEO tested it out by driving for 14 hours on a single charge between two Chinese cities.

Nio CEO William Li, who has gained a reputation as China’s Elon Musk, live-streamed his mammoth 1,044km journey from Shanghai to Xiamen on December 17 in a test of the Chinese EV company’s groundbreaking battery technology.

See also  China's banking turmoil: 40 banks vanish as crisis deepens/ China cities, regions, banks are drowning in debt!

Li said in a post on the Chinese social media site Weibo that his Nio ET7 electric car was able to travel the whole 14-hour journey without recharging despite a regional cold snap and that he ended the 1000km road trip with 3% battery charge still remaining.

The ET7 was powered by Nio’s 150 kWh battery, which Li says has the highest energy density of any mass-produced EV battery on the planet, allowing it to provide greater range than most other electric cars.

Nio is planning to begin mass-producing 150 kWh batteries in April 2024. However, it is going to be expensive, with the company saying buying the battery by itself will cost around 298,000 yuan ($42,100) — the same price as a Tesla Model Y in China.

See also  China dumped an ALL-TIME HIGH $42.6 billion worth of U.S. Securities in May

www.businessinsider.com/nio-has-developed-ev-battery-with-a-1-000km-range-2023-12?amp

www.nio.com/et7

Views: 109

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.