Saturday, May 28, 2022
News Nio Could Licence its Battery Swapping Technology to Other Automakers

Nio Could Licence its Battery Swapping Technology to Other Automakers

Nio could license its battery swap technology to other automakers ahead of its introduction on the American market.

  • Nio developed a system where EV batteries can be swapped, making charging stops very short

  • Many automakers have tried and failed to make this into a successful business, but Nio has been doing it for 4 years

  • Nio wants to license its technology to automakers in Europe and the United States.

One of the largest drawbacks of electric vehicles is the time it takes to charge the battery. Even if improvements have made it possible to fully charge an EV in about 20 minutes, this is still longer than it takes to fill up a gasoline powered car.

The desire to lower an EV’s down time has pushed a few automakers to look into battery swapping, where a driver could drive up to a station when its car’s battery is depleted and wait for only a couple of minutes while the entire battery pack is removed and swapped for a fully charged one before being able to drive another couple of hundred kilometers.

The logistics and complexities associated with such a system have made it difficult and all but one company has abandoned the idea. This company is Nio.

Nio is a Chinese electric car maker who launched a battery swapping program back in 2018 and became the first company to make this idea successful.

Indeed, the automaker reported it had completed 500,000 battery swaps two years later and it currently has 888 stations in China and Norway.

Nio is currently in talks with other automakers in order to license its swapping stations for use in Europe and North America, which is expected to be the next market where the company will set up shop.

Having other companies share its system will lower the costs associated with building the stations, but it will also generate a lot of revenue for the automaker, since every other company will need to use its own battery pack design in order to be compatible with the stations.

 

Trending Now

From the North Pole to the South Pole with the Nissan Ariya

One of the public's fears about electric vehicles is the anxiety related to the possible range between recharges. However, the network of charging stations...

Lithium Prices Surging Almost 500% Could Slow Down EV Adoption

Prices for lithium went from $17,000/ton in 2021 to $78,032/ton in 2022 This will make electric vehicles more expensive, thus less popular This...

All-Electric Volkswagen Station Wagon Might be Called ID.7 Tourer

It would be the production version of the ID. Space Vizzion and Aero B. Initially, it was thought to be called the ID.6. Station...

Rumour: Towards a Dedicated Electric Factory in Mexico for BMW

BMW's new assembly plant in Mexico - the complex opened in 2019 - could soon become the Bavarian division's first electric vehicle production center....

2022 Ford Bronco Raptor will Have 418 Horsepower

It will be powered by a twin-turbocharged 3.0-litre EcoBoost V6. Official output numbers are 418 horsepower and 440 lb.-ft. of torque. This is truly...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.