They weren’t driven by the market but by the policies. NIO - EC6 China remains ahead in terms of development and investment in the EV industry, for example, in terms of batteries and charging. Battery swapping never took off in Europe and the Israeli company that pushed for it, Better Place, went out of business. As a new car company we can focus on the technology. Right now we have 1,200 patents related to the battery pack, the vehicle, the power-swap stations and our cloud-based scheduling system. The partnership with battery maker CATL gives customers the option of leasing a vehicle's battery pack and is aimed lowering prices to expand the potential pool of customers for its EVs. Tel: +1 877-812-1584, ISSN 2643-6590 (print) “We are very bullish on this business model,” CATL said in a written response to questions. We need some time to make sure they understand our brand. How will you persuade others to redesign their vehicles to accept your batteries? Automotive News Europe has added a wide range of new digital products. More regions will be added the following year, and by 2023-24 Nio will be in “the main markets globally,” he said. We could launch in some European countries in one to two years. What have you learned about setting up a sales network in China that you can take to Europe? Please select at least one newsletter to subscribe. Electric vehicle startup Nio is often described as China's Tesla because it has faced similar financial struggles as it spends big to establish itself. Customers can still choose to buy the entire vehicle, battery included, for 343,600 yuan ($49,600.). The Chinese government was supposed to end the subsidy this year but decided to extend it for another two years because of COVID-19, reducing it gradually. The crossover competes with the Audi Q7 in China. Where would you launch first in Europe? We started with SUVs [the ES8 and ES6] because we leveraged the same platform and our third model [the EC6] that is launching now is a coupe-styled SUV. From day one, NIO’s been busy baking in a very aggressive front end design to its cars. We have not decided where, but we have been studying the topic for quite a while. A Nio ES8 is pictured in Hefei, China. For example, if people can install a home charger they can avoid fuel stations and public interaction in those places. 1155 Gratiot Avenue Choose your news – we will deliver. We will start deliveries of a new product next year. Where does China sit in terms of EV development compared with Europe? Under our plan we aim to launch a new product every year. If we achieve very good sales in other regions then maybe we could consider local production in the future, but it’s still too early to say. Why do you believe this time it could work here? It depends on the investment as well as the product mix and the average selling price, but we need to at least double current sales to achieve this target. Move to the side to notice the EC6’s sloping roofline that plung… ISSN 2576-1072 (online), Good times come back in China as sales return, Recovery in used-vehicle demand continues, Velodyne Lidar lands 3-year sensor supply contract for Baidu, Sponsored Content: Optimizing Digital Processes to Keep Deals Moving. 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How will Nio and other players in China’s EV market be impacted by the winding down of government incentives? Speaking from a business perspective, government incentives should not be a foundation for growth. Our cooperation in China with JAC works very well because the manufacturing industry is mature and there is excess capacity. For the EV market there are a lot of similarities between Europe and China. A new government regulation in April maintained buyer rebates for vehicles equipped with swappable batteries. Wuhan Weineng Battery Asset Management will also handle battery wholesale and retail, recycling, mobile charging, R&D and energy storage. Nio ES6 is a 317-mile electric SUV with a swappable, upgradable battery ... from the purchase price by opting for Nio's battery subscription program where you lease the battery from Nio… The premium brand hit financial rock bottom last year after reaching losses of about $6 billion since being founded in 2014. We believe it should be other carmakers who should be coming to us, rather than us go to them. The ES6 is available with either a 70 or 84kWh battery, giving up to a claimed 317 miles or so of range (on the wildly-optimistic NEDC cycle). You’ve got your slim DRLs (Daytime Running Lights) positioned in the corners of the hood, right where it joins the front fascia, then the headlight clusters just beneath them, housed by the shark-like bumper. “In the vehicle-battery separation model, batteries will become an important asset instead of a source of power only.”. Founded in 1996, Automotive News Europe is the preferred information source for decision-makers and opinion leaders operating in Europe. Get 24/7 access to in-depth, authoritative coverage of the auto industry from a global team of reporters and editors covering the news that’s vital to your business. NAME: Lihong QinTITLE: Nio President and Co-FounderAGE: XXMAIN CHALLENGE: Achieving profitability at home while expanding into new markets such as Europe. Europe is more of a mature market compared with China. They set a threshold of 300,000 yuan (37,350 euros) [EVs that cost more don’t qualify for the subsidy]. In China we have provided more than 500,000 swaps to our customers. The crossover competes with the Audi Q7 in China. ISSN 0005-1551 (print) While Nio may be ahead of the pack in terms of the battery-as-a-service concept, competition remains stiff. Nio doesn’t have any overseas sales, though Li said Thursday that Nio plans to enter Europe in the second half of 2021. The cheapest ES6 claims around 260 miles. To be profitable, however, the company needs to establish sales outside China, including Europe, Nio President Lihong Qin told Automotive News Europe Correspondent Nick Gibbs. It will also take time for the EV segment to grow. NIO is much more than a car company. The so-called battery-as-a-service model could “considerably lower the purchase cost,” Credit Suisse Group analysts said earlier this week. I won’t say what it is, but it’s not going to be an SUV. Brand loyalty among car buyers in Europe is quite rigid. Rival BAIC Motor Corp. uses swappable battery technology too but only for fleets. Are there some advantages maybe? Nio currently sell two SUVs with a third one coming. We have cars with battery swap technology embedded.

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