Chinese electric vehicle maker NIO is developing lithium manganese iron phosphate (LMFP) and 4680-type batteries and plans to mass production for the NIO brand and sub-brand codenamed ALPS, local media LatePost reported.
In a conference call in June following the company’s first-quarter earnings results, NIO founder and chairman William Li had said that the company would make batteries.
NIO has a team of over 400 people to conduct research in the areas of battery materials, cells, and battery management systems and it will put new battery pack into production in 2024, which will support 800V high-voltage fast charging, Li said at the time.
The 800V high-voltage battery is the 4680 battery, which is planned to be carried in NIO’s third-generation NT 3.0 platform, the report said.
NIO is also developing a lower-cost LMFP battery, equivalent to an upgraded version of lithium iron phosphate (LFP) battery, with similar costs, but with 15-20% higher energy density, the report said. NIO plans to start small-scale production of LMFP batteries for the ALPS brand, the report said.