Reported Earlier, 'NIO ET7 Achieves Nearly 650 Miles Range With Game-Changing 150 kWh Battery' - Electrek
Portfolio Pulse from Benzinga Newsdesk
NIO's ET7 electric car has achieved a range of over 650 miles on a single charge with its new 150 kWh battery, surpassing 1,000 km on the CLTC cycle. CEO William Li demonstrated the battery's capability by driving from Zhejiang to Fujian Province, covering 1,044 km with 3% charge remaining. The battery, which is the largest capacity for passenger EVs built in China, will be costly, comparable to the price of an ET5. Mass production is set to begin in April, and NIO will introduce the flagship ET9 during NIO Day 2023, expected to feature the new battery.
December 19, 2023 | 5:04 pm
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POSITIVE IMPACT
NIO's ET7 electric car's new 150 kWh battery achieves a record range, with mass production starting in April and the upcoming ET9 reveal, indicating strong product innovation and market expansion.
The news about NIO's ET7 achieving a significant range milestone with its new battery technology is likely to be viewed positively by investors and could increase investor confidence in the company's innovation capabilities and market expansion efforts. The announcement of mass production and the upcoming ET9 reveal may further bolster the stock's attractiveness in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100