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News EO
Nov 7, 2020 04:16 am ·

NIO Launches 100 kWh Battery with CATL Ternary Cell

On November 6, 2020, NIO launched the 100 kWh battery which features thermal propagation prevention, all-climate thermal management systems, bi-directional cloud Battery management systems (BMS) and a highly integrated design. The 100 kWh battery is designed based on the CATL Nickel 55 Ternary Cell and Cell To Pack (CTP) group technology.  The NIO 100 kWh battery is equipped with the world's first bi-directional cloud BMS, which can automatically adjust parameters according to different working conditions. Its all-climate thermal management systems enable temporary control efficiency to be improved by 30%. Moreover, the volume utilization ratio increases by 19.8%, while the battery capacity increases by 42% compared with the NIO 70 kWh battery. With NIO 100 kWh battery, the endurance millage of EC6 is expected to reach 615 km, while ES6 and ES8 reach 610 km and 580 km respectively. The battery with Nickel 55 Ternary Cell is the 'fuming without burning' battery NIO's battery supplier CATL mentioned at the World New Energy Vehicle Congress 2020. The chairman of CATL, Dr. Robin Zeng, revealed at the congress that CATL was planning to start mass production of this kind of battery by the end of 2020. The NIO 100 kWh battery seems to be the first batch. According to CATL, in the future, the leading battery company will keep exploring the high-voltage cobalt-free area and metal-free battery system. 

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Nov 6, 2020 02:34 pm ·

NIO to Deploy More than 300 Power Stations

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Research EO
Nov 6, 2020 10:00 am ·

China's Auto Industry Heads Towards a New Decade

The worldwide pandemic of 2020 has accelerated the adoption of electric vehicles (EVs) and autonomous vehicles (AVs) with unprecedented speed. China is one of the most significant and most essential battlefields in the game, although local players are already taking dominant shares off the market. In the world's largest EV market, we have witnessed four winners emerge – NIO (NIO:NYSE), Li Auto and Xpeng, along with WM Motor (combinedly as NLXW). The competition between NLXW, traditional OEMs and Tesla will be exciting. On the other hand, the country's autonomous driving ecosystem is ahead – Beijing is opening up to widespread commercial usage of robotaxis in urban areas and Baidu launched its pilot trial in the city in October 2020. In this report, we look into key updates in the EV and AV industry. And we dissect the competitive landscape in China as we introduce Li Auto, BYD, China's BAT (Baidu, Alibaba, Tencent) & TMD (Toutiao / ByteDance, Meituan, Didi Chuxing) and auto parts maker Huayu. Key takeaways  NIO, Li Auto and Xpeng are making sizable net losses, but equity investors valued them at USD 53.7 bn, USD 21.6 bn, USD 21.5 bn as of Nov 4, 2020, respectively. Legacy automakers have been suffering, though they still maintain a high market cap; its stocks were not delivering good returns. Tesla's market dominance makes incumbents join the game – otherwise, they have to witness customers purchase EVs instead of ICE cars. We are optimistic about China's New Energy Vehicle (NEV) market, driven by government support, improving infrastructure along with the rise of local Chinese brands. China's dominance in EVs is continuing. The market sold ~1.2 mn EVs, representing 57% of global sales. Autonomous vehicles will transform personal mobility further – by slashing the high driver costs that are baffling ride-hailing platforms like Didi Chuxing, Lyft and Uber, ultimately.  It might be hard for driverless technology alone to take a majority portion of ride-hailing trips while the rest rely on customer service, as Waymo executive John Krafcik implied.  Autonomous and electric systems were rated lower than OEMs in recent years, but we witnessed a rising tide of investment following 2019. In this report… In 2020,  Tesla shorts paid the price – the stock has made 408% in gains to date. In China, COVID-19 had a short-term impact on the auto market, dragging the sales to an almost 80% annual decrease. Since April, as the country is back to normal in most regions, the auto market showed a 5% growth. China had 1.32 mn charging piles and 4.17 mn EVs as of June 30, 2020, suggesting an average of 3.2 cars sharing 1 charging pile vs. 6.4 cars sharing 1 in 2015.

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Nov 5, 2020 04:28 pm ·

NIO Hires Ex-Xiaomi Head of Chips Department

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Nov 5, 2020 04:26 pm ·

Xpeng Stock Touches Record High

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Nov 5, 2020 09:30 am ·

Pony.ai Signs Funding Agreement with FAW

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Nov 4, 2020 03:59 pm ·

Li Auto Delivers 3,692 Vehicles in October

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Nov 3, 2020 11:29 am ·

DiDi Announces to Enter New Zealand

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Nov 3, 2020 09:37 am · NIO

NIO Deliveries Reach 5,055 Vehicles in October

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Nov 3, 2020 09:36 am ·

Xpeng Delivers 3,040 Cars in October

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