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Asharq Al-Awsat

Technology

Asharq Al-Awsat

Chinese EV Maker Nio to Make Self-Developed Battery Packs from 2024

NIO William Li Tesla Inc. Porsche electric vehicle

A Nio electric vehicle (EV) is seen displayed during a media day for the Auto Shanghai show in Shanghai, China April 19, 2021. (Reuters)

Chinese electric-car maker Nio said that in 2024 it will start making high-voltage battery packs that it has developed itself, as part of a drive to improve profitability and competitiveness to take on rivals such as Tesla.

Nio, plans to start producing an 800-volt battery pack in the second half of 2024, its chairman William Li told analysts on a call on Thursday.

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