In order to solve the problem of high battery costs and improve profit margins, many Chinese car companies have begun to directly enter the battery supply chain in various ways.
In response to the reports that a Li One caught on fire on the highway and was burned to its frame, Li Auto's customer service confirmed the matter to the domestic media on August 2, and said that the company had set up a special investigation team.
The Xiamen Tongan Shell Station, the first integrated battery charging and swapping station jointly built by NIO and Shell, was officially put into operation on August 1.
Wang Zhenhui, former CEO of JD Logistics, a business group within JD.com, will soon join Golden Concord Limited Holdings Co., Ltd. (GCL Group), an enterprise committed to the advancement of green, low-carbon and zero-carbon technology.
Lanli Energy, a Chinese mobile energy services provider, announced on July 12 that it has received tens of millions of yuan in angel-round financing, led by BlueRun Ventures.
Chinese new energy vehicle company NIO announced on July 6 that it has officially brought its 1,000th battery swapping station into operation in Lhasa, Tibet.
NIO Inc. announced on Friday that the company has completed the construction of 700 battery swap stations.
In an effort to make cars with reasonable prices and plenty of interior space, Toyota turned to partner BYD for key technologies. Neither company would comment on this news as of Friday.
SK Innovation has recently signed a battery supply contract with Xpeng Motors and will supply Xpeng with high grade nickel-based Lithium Ion batteries according to Chinese media outlet Autohome.
Nio’s unveiling of its first luxury electric sedan, the ET7, along with an announcement of a groundbreaking solid-state battery that could be released as soon as next year ignited much interest from investors.