Nio Capital-backed EV-Tech and Nio will collectively develop merchandise based mostly on Nio’s STEM Younger high-voltage structure, with deliveries to the Nio model and Nio’s second model anticipated to start in 2025.
(Picture credit score: Zhejiang EV-Tech)
Nio (NYSE: NIO) has entered right into a strategic cooperation settlement with an area part provider backed by Nio Capital to co-develop and manufacture elements for high-voltage system purposes.
Zhejiang EV-Tech Co Ltd, headquartered in Hangzhou, Zhejiang province, introduced at present that it signed a strategic cooperation settlement with Nio on March 1 in Shanghai for a high-voltage system challenge. Shanghai is the situation of Nio’s world headquarters.
EV-Tech and Nio will collectively develop and produce merchandise based mostly on the electrical automobile (EV) maker’s STEM Younger high-voltage structure platform, in response to an announcement from the components provider.
The 2 corporations will work collectively to create IPUs (clever energy items), which is able to allow core elements to be shared throughout completely different automobile fashions, enhancing product growth effectivity and lowering prices, in response to the assertion.
The Younger IPU product might be tailored to the wants of multi-brand and multi-platform fashions, and is anticipated to be delivered to the Nio model and Nio’s second model beginning in 2025, EV-Tech stated.
Going ahead, the 2 corporations will work collectively on exploratory analysis and joint growth of rising applied sciences within the space of high-voltage methods, in response to the assertion.
A picture in EV-Tech’s assertion exhibits STEM Younger seeing the A pattern coming off the road.
Notably, EV-Tech has beforehand been a provider to Nio.
As a core part provider that has labored with Nio for a very long time, EV-Tech has acquired the High quality Excellence Associate Award from Nio for 3 consecutive years, in response to the part provider.
EV-Tech’s assertion did not present extra info on Nio’s fashions, although its reference to Nio-branded automobile seems to check with the ET9 government flagship sedan.
Nio unveiled the ET9 at its Nio Day 2023 occasion on December 23, 2023, and started pre-sales at a worth of RMB 800,000 ($111,160), with deliveries set to start within the first quarter of 2025.
The ET9 will probably be constructed on a 925 V ultra-high-voltage platform, Nio’s first mannequin to be constructed on a platform with greater than 800 V.
Present high-voltage methods for mainstream EVs usually vary from 230 – 450 V, which is usually known as a 400 V system. The business is shifting away from the 400 V platform to 800 V. Techniques with a voltage vary of 550 – 900 V are known as 800 V excessive voltage methods.
Greater voltages assist to extend charging speeds and cut back automobile power consumption, however place increased calls for on the insulation of elements.
Based in August 2011, EV-Tech specializes within the growth and manufacturing of high-voltage part merchandise and is a serious provider of on-board chargers and on-board DC/DC converters in China.
EV-Tech at present has greater than 1,600 workers and has an R&D heart and a producing facility in Hangzhou, in response to its web site.
Nio Capital invested in EV-Tech in 2017, and the latter’s merchandise are utilized in Nio’s ES and ET product traces, in addition to merchandise together with GAC Aion, and Nice Wall Motor’s Ora model.
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