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      <p>
        NIO, an NYSE-listed Chinese EV manufacturer, has partnered with CATL, a China-based battery manufacturer, to develop long-lasting EV batteries that can last up to 15 years, which is twice the current national warranty standard.
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      <p>
        The partnership aims to expand battery technology that can maintain 80% of the capacity after 12 years of usage. With CATL's invention of self-repairing Solid Electrolyte Interphase film and lithium supplements, the service life of EV batteries can be extended.&nbsp;
      </p>
    </li>
    <li>
      <p>
        Furthermore, both companies are also working to make battery swap services widely available to minimize the high replacement costs of the battery. 
      </p>
    </li>
  </ul>
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  </p>
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  <p>
    <a href="https://finance.yahoo.com/news/nio-partners-catl-develop-long-135000632.html">
      Yahoo Finance
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EV Economy

INCUMBENTS_PRESENT

PROMINENT_CATEGORY

<div>

 <p>NIO, a Chinese EV manufacturer listed on the NYSE, has joined forces with CATL, a Chinese battery manufacturer, to create EV batteries that can withstand up to 15 years of use, a duration that doubles the present national warranty standard.</p>

 <p>In their collaboration, the companies strive to enhance battery technology that can maintain 80% of its capacity after 12 years of use. This is made possible by CATL's innovation of a self-healing Solid Electrolyte Interphase film and lithium supplements, both of which have the potential to prolong the lifespan of EV batteries. </p>

 <p>In addition, the two firms are working on making battery swap services extensively available to lessen the hefty costs associated with battery replacements.</p>

</div>

NIO partners with CATL to develop long-lasting EV batteries

ANALYST_QUICK_TAKE

<div>
 
 <p>NIO, a Chinese EV manufacturer listed on NYSE, has signed a technology license agreement with Forseven Limited, a subsidiary of CYVN Holdings. Forseven has been granted a non-exclusive, non-transferrable worldwide license to use NIO's technical information, solutions, software, and intellectual property rights pertaining to its smart EV platforms. This will allow Forseven to use this technology for activities such as R&D, manufacturing, and sales for its vehicle models, while also enabling imports and exports of these models. NIO will profit from this agreement through a non-refundable upfront license fee and royalty payments derived from Forseven's future product sales.</p>
 
</div> <p><b>Analyst QuickTake:<br>
</b> In <a href="https:<br>
//sp-edge.com/updates/25098"> December 2023 </a> , NIO entered a share subscription agreement with CYVN Holdings, where the latter intended to invest an aggregate of USD 2.2 billion in cash to subscribe for 294,000,000 newly issued Class A ordinary shares at a per share purchase price of USD 7.50. NIO planned to invest the funds in core technologies and system capabilities. The company also received a USD 738.5 million strategic equity investment from CYVN in <a href="https:<br>
//ir.nio.com/news-events/news-releases/news-release-details/nio-inc-announces-strategic-equity-investment-cyvn"> July 2023 </a> .</p>

NIO signs technology license agreement with Forseven Limited

<div>
 <p>NIO, a NYSE-listed Chinese EV maker, is teaming up with Anhui Province Energy Group, Anhui Transportation Holding Group, and Wenergy Group to make an open energy storage system. They plan to create 1,000 integrated battery swap stations with charging, swapping, and energy storage facilities collectively with Zhongan Energy.</p>
 <p>Additionally, NIO is partnering with Chery Automobile, and JAC Group to enhance its charging and swapping services. They will work together to set battery standards, develop charging and swapping technologies, manage battery assets and operations, and oversee the supply chain of the stations.</p>
</div>

NIO enters partnerships to develop energy systems

Technologies bringing about a new reality

Extended Reality

<div>
 <p>Xreal has announced partnerships with several prominent companies such as BMW Group, NIO, Qualcomm, Quintar, and Forma Vision to enhance the functionality of its AR glasses. The collaborations aim to incorporate AR technology across various industries, including AR, AI, and 5G applications, AR-based driving navigation and entertainment, in-vehicle AR entertainment, immersive spatial video projections, and upgrading video conferencing into real-time volumetric experiences. Xreal's journey into spatial computing started gaining traction after launching Nreal Light (2020) and Xreal Air series. </p>
</div> <p><b>Analyst QuickTake:</b> The move follows the <a href="https://sp-edge.com/updates/25226"> announcement </a> of the company’s Air 2 Ultra AR glasses (priced at USD 699), set to ship in March 2024. Additionally, Xreal deepened its partnership with electric vehicle manufacturer NIO, having contributed to developing the NIO Air AR glasses in September 2022, compatible with in-car audio systems.&nbsp;&nbsp;</p>

Xreal partners with Qualcomm, BMW, NIO, Quintar, and Forma Vision to expand AR glasses use cases

<div>
 <p>NIO, a Chinese EV manufacturer, has collaborated with Longi Green Energy Technology, a solar panel producer, to infuse solar panels into its EV charging stations. The partners introduced the first Hybrid Passivated Back Contact photovoltaic battery swap station in Xi'an, China. From April 2024, NIO plans to install photovoltaic systems in the new generation of stations, aiming to save around 18,000 kWh of electricity annually per station. Furthermore, they will work jointly on V2G (vehicle to grid) and set industrial norms for carbon-neutral transport.</p>
 </div>

NIO partners with Longi Green Energy to install solar panels in battery swap stations

Autonomous and connected technologies shaping the future of the auto industry

Auto Tech

<div>
 <p>ClearMotion, a developer of suspension and road-sensing software, has obtained a production order for three million units from electric vehicle manufacturer NIO. The order is for their “ClearMotion1” suspension system, which will be incorporated into NIO’s EVs, beginning with the ET9 model.</p>
</div>

ClearMotion partners with NIO to provide active suspension technology for EVs

<div>

<p>Chinese EV manufacturer, NIO, listed on the NYSE, has signed a share subscription agreement with CYVN Holdings. CYVN has planned a USD 2.2 billion investment in NIO, subscribing to 294 million freshly issued Class A ordinary shares at USD 7.50 per share. The investment aims to boost NIO's core technologies and system capabilities.</p>

<p>In <a href="https://ir.nio.com/news-events/news-releases/news-release-details/nio-inc-announces-strategic-equity-investment-cyvn">July 2023</a>, CYVN made a USD 738.5 million strategic equity investment in NIO and held a 20.1% share following this latest deal.</p>

<p>The two companies plan to pursue further strategic and technological collaborations globally.</p>

</div>

NIO receives USD 2.2 billion strategic equity investment from CYVN

<div>
    <p>
        NIO, an NYSE-listed Chinese EV manufacturer, and Geely, a notable auto tech company in China, are partnering on battery swapping technology.
    </p>
    <p>
        The collaboration entails shared standards, tech development, network growth, model design, and battery management. As such, the two companies will jointly develop the standards for battery swapping in private and commercial vehicles, create and promote the corresponding technology, and increase the distribution and operation of battery swaps.
    </p>
</div> <p><b>Analyst QuickTake:</b> During the same <a href="https://sp-edge.com/updates/24263"> month </a> , NIO also partnered with Changan Automobile, a Chinese automobile manufacturer, for battery swapping. The two companies intended to develop standards for swappable batteries, construct a network dedicated to swapping batteries, and produce vehicles that accommodate swappable batteries, along with creating an effective management system for battery assets.</p>

NIO partners with Geely to accelerate battery swapping technology and network expansion

<div>
 <ul>
  <li><p>NIO, a Chinese EV manufacturer listed on the NYSE, has signed a partnership agreement with Changan Automobile, a Chinese automobile manufacturer, for battery swapping.</p></li>
  <li><p>The two companies aim to develop battery swapping standards, build a dedicated battery swapping network, manufacture vehicles compatible with swappable batteries, and establish an efficient battery management system.</p></li>
  <li><p>As of November 2023, NIO had over 2,100 Power Swap Stations worldwide and planned to install 1,000 new stations in China in 2023.</p></li>
 </ul>
</div>

NIO partners with Changan Automobile to develop battery swapping network

DISRUPTOR_PRESENT

Chinese EV manufacturer, NIO, has successfully raised $1 billion through a two-tranche convertible bond offering. The company raised $500 million each through a six-year put-four convertible bond and a seven-year put-five bond, with interest rates of 3.875% and 4.625%, respectively. NIO plans to use the funds to repurchase some of its existing debt securities, improve its financial position, and for general corporate purposes.

All Updates