CHINESE electric-vehicle (EV) maker nio has teamed up with Contemporary Amperex Technology (CATL) to develop batteries with longer lives as a way of lowering overall costs for users, reports Hong Kong's South China Morning Post.
The two companies aim to manufacture EV batteries that can last for 15 years, nearly double the current average battery life, they said.
'Battery safety, driving range, battery costs, charging efficiency, charging convenience and battery life' are among the major concerns that still deter drivers from owning EVs, said William Li, Nio's co-founder and CEO.
About 20 million pure electric and plug-in hybrid vehicles in mainland China will have to replace their batteries by 2032, which translates into high costs for EV owners, Mr Li said.
SeaNews Turkey
The two companies aim to manufacture EV batteries that can last for 15 years, nearly double the current average battery life, they said.
'Battery safety, driving range, battery costs, charging efficiency, charging convenience and battery life' are among the major concerns that still deter drivers from owning EVs, said William Li, Nio's co-founder and CEO.
About 20 million pure electric and plug-in hybrid vehicles in mainland China will have to replace their batteries by 2032, which translates into high costs for EV owners, Mr Li said.
SeaNews Turkey