Nio has advanced a 150-kwh battery that might probably spice up the variety of electrical automobiles considerably upper than what present vary kings just like the Lucid Air can ship.

The Chinese language electrical automobile corporate introduced on Tuesday the a success take a look at of its new Extremely Lengthy Vary battery, which noticed Chairman William Li duvet 1,044 km (roughly 648.7 miles) at the back of the wheel of a Nio ET7 mid-size sedan. The EPA-rated vary for the Lucid Air tops out at 516 miles.

The true-world take a look at noticed Li and two others pressure from Shanghai to Xiamen, in temperatures that at some portions of the adventure have been beneath freezing, an element that typically harms a battery’s vary.

The adventure took kind of 14 hours to finish and used up 97% of the battery’s price, in keeping with Nio.

Nio CEO and founder William Li with the 2022 ET7

Nio stated the battery is designed to suit all of its fashions, and is already to be had at a few of its battery-swapping stations in China. Nio stated a buyer may just go for the Extremely Lengthy Vary battery when making plans a protracted highway go back and forth, after which revert to a smaller and lighter battery for traditional using tasks. Nio makes it simple for patrons to modify batteries by the use of versatile choices for upgrading the packs when wanted.

The inside track comes the similar week that Nio President Lihong Qin stated the corporate plans to release two further manufacturers serious about automobiles extra inexpensive than the ones offered by means of the present Nio emblem. The primary, dubbed Firefly, is because of release in Europe once 2025.

Nio used to be as soon as billed as China’s Tesla, however its gross sales were harm by means of Tesla’s fresh spherical of worth cuts. Nio’s gross sales in 2023 are on target to achieve simply over 150,000 devices, while Tesla is on target to achieve greater than 10 occasions that determine. To lift capital, the corporate has been issuing new stocks. The latest factor happened this week and noticed Abu Dhabi-based CYVN Holdings acquire $2.2 billion value of stocks. CYVN’s stake in Nio has now grown to about 20%, following the newest funding plus a prior $1 billion funding in July.