On Friday, a day ahead of the reveal of a new model for owners and fans at the yearly event of the company, shares of the Chinese electric-vehicle manufacturer NIO (NYSE:NIO) were going up. From 12:15 p.m. Up 8.1 percent of the closing price was EST, the US depositary share of NIO.
What, then, is this?
NIO’s annual “NIO Day” is a celebration for proprietors and fans at which innovative items and new innovations are seen traditionally. NIO (some of) told us about what to expect in Chengdu for tomorrow’s issue:
The latest model is likely to look more like NIO’s 2019 ET Preview prototype car. This car was a sleek, elegant four-door sedan with dual engines and a number of advanced driver assistance features; it is a fair bet that more modern equipment is used in the production version while retaining the looks of the prototype.
A greater battery. A larger one. Tomorrow, NIO at https://www.webull.com/quote/nyse-nio will announce a new battery pack of 150 kilowatt hours. This is a bigger story than you might imagine. To date, the modular battery kits for all NIO manufacturing vehicles. In and out of automatic stations, shipments can be swaped and owners can upgrade to wide (giving more scope) batteries once bought or in connection with their goods.
Momentum produced for NIO inventory, among signs that the Chinese government is moving the country into electric vehicles. The organization also reported solid vehicle distribution figures, which demonstrated remarkable market progress during last year with their monthly delivery reports. Analysts predict that the sedan will be an ET Preview production version, a prototype car seen by the firm in 2019. The ET Preview was, as seen, a dual-engines all-wheel drive system with an approximate range of over 450 kilometers and a time of 4,7 seconds from zero to 100 kilometers per hour.
It is presumably due to a new 150-kilowatt-hour (kWh) battery pack, which NIO will also announce on Saturday, so the production will have “the latest autonomous driving technology,” as NIO promises. We’ll have to wait until Saturday to know specifically what this entails.
More selection of consumers
It is something of a surprise this new battery pack. Auto investors trailing NIO will note that just two months ago a 100 kWh battery pack, the company’s biggest up to that time, was launched which could be updated to one of the versions to expand the bandwidth.
It has a 37% higher energy density than previous packs, is less costly to install and integrates heat-management systems to allow its operation to expand, and this 100 kWh kit, which was created by NIO and the battery giant Contemporary Amperex Technologies (or CATL). You can find more information from https://www.webull.com/newslist/nyse-nio.