Chinese maker of 1,000km EV battery plans IPO by 2025 FMTNews FMTBusiness
The semi-solid state cell developed by WeLion New Energy Technology is being used in Nio’s ES6 sport utility vehicle.
The company, better known as WeLion, was valued at 15.7 billion yuan in its most recent funding round, said Li, who also holds the title of chief scientist. WeLion’s battery for Nio has a 150 kilowatt hour pack, and the 1,000km range compares favourably with the Lucid Air Dream Edition R and Tesla Inc’s Model S .
The technology is attracting interest from a wide-array of automakers including Volkswagen AG, Ford Motor Co, Mercedes-Benz Group AG, Geely Automotive Holdings Ltd, and Chinese consumer electronics-maker Xiaomi Corp, Li said. “When we increase energy density we have a serious concern on safety, but a hybrid one can get a balanced performance,” he said.
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