$NIO Up +21.72% on the Day: Will Be First To Use WeLion's New Semi-Solid State Batteries

The Chinese company WeLion has just launched the production of its first semi-solid batteries. These will notably equip the Nio ET5 and ET7 and should in particular allow them to increase their autonomy, up to 1,000 km in specific conditions. But this technology also has other major advantages.

Displaying better energy density and less prone to overheating, they can accommodate more cells. Result, the pack is more compact and lighter allowing to offer a greater autonomy. It could then be a very effective response to the still high price of batteries, when the only currently viable solution is simply to integrate smaller accumulators into cars.

A strategy notably envisaged by Renault. The French manufacturer is also working on solid batteries, with the help of Airbus.

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SHANGHAI, China, Dec. 01, 2022 (GLOBE NEWSWIRE) – NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) (“NIO” or the “Company”), a pioneer and a leading company in the premium smart electric vehicle market, today announced its November 2022 delivery results.

NIO delivered 14,178 vehicles in November 2022, a new record-high monthly delivery, representing an increase of 30.3% year-over-year. The deliveries consisted of 8,003 premium smart electric SUVs including 4,897 ES7s, and 6,175 premium smart electric sedans including 3,207 ET7s and 2,968 ET5s. Cumulative deliveries of NIO vehicles reached 273,741 as of November 30, 2022. NIO will further accelerate the production and delivery in December 2022.

On November 16, 2022, the ET7 was awarded the maximum five-star rating in the latest safety tests of European New Car Assessment Programme (NCAP) with its innovative body materials application and high-strength structural design. In addition, the ET7 has also secured a top five-star rating in the latest Green NCAP with high scores on clean air, energy efficiency and greenhouse gas.